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Do you know how to handle a holdover tenant? During your time as a landlord, you may experience a situation where a tenant doesn’t move out at the end of their lease, and knowing how to address the situation is vital. In this article, property owners will learn how to lower the risk of having a holdover tenant, and what to do if a tenant refuses to leave at the end of their tenancy. What Is a Holdover Tenant? This is a tenant who stays on your property even after the term of the lease has come to an end. Although the lease has expired, they can…

Did you know that creating virtual tours are becoming increasingly common as they can be an effective strategy to market your rentals? Virtual tours are a great way for prospects to see the property before booking a property showing. The recent pandemic has also further popularized this strategy to limit the number of in-person visits. Video walk through tours certainly don't replace property photos, but that doesn't mean you shouldn't take advantage of the video medium. You may think that creating your own virtual tour is challengi…

When a tenancy comes to an end, there are several steps that a landlord must take to make the property rent-ready for new tenants. To prepare a property for the marketing process, land qualified tenants, set the standard for cleanliness, and protect the property’s value, an end-of-tenancy cleaning is essential. The following is what landlords need to know about end-of-tenancy cleanings: The Significance of End-of-tenancy Cleaning Setting expectations for how clean your property should stay throughout the tenancy is something you can do by ensur…

One of the hallmarks of a successful rental business is having a well-maintained rental property. Maintaining a habitable unit helps in tenant retention thus securing a more steady rental income. It can also lead to having happy and satisfied tenants. In contrast to single-family properties, rental units require more regular maintenance due to the building’s size and the number of occupants you’re servicing. As a landlord, your duty is to be aware of your maintenance responsibilities and them carry out properly. Likewise, renters have their o…

It’s the goal of every landlord to attract long-term tenants. This is because, among other things, long-term tenants mean having a steady stream of rental income as well as cost savings on rental advertising expenses. That said, attracting a long-term tenant isn’t always easy. It can be a difficult process, especially if you’re just starting or are in a competitive marketplace. Luckily for you, there are a couple of proven strategies you can implement to help you attract and retain tenants. They are as follows: Market Your Property Consistentl…