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The Fair Housing Act makes it illegal to discriminate in housing transactions on the basis of gender, race, color, national origin, religion, disability, or familial status. Despite the enactment of the Act, housing discrimination has been a persistent issue, according to many fair housing rights advocates. According to the National Fair Housing Alliance (NFHA), last year saw over 25,000 housing discrimination complaints filed with the local governments as well as national and federal fair housing agencies. The numbers, National Fair Housing Al…

One of the best ways of generating passive income is by renting out an apartment. And, as with any other business, for your investment to be successful you need to be a good manager. Managing multi-family apartments is more than just filling vacancies and checking in on tenants. If you don’t possess the right skills, managing all these aspects can be chaotic and overwhelming. That’s why in this article, we share with you 6 tips to help you manage your multi-family apartments. How to Manage a Multi-Family Property 1. Conduct Thorough Research Be…

There are numerous ways to maximize your profits from a rental property. With the right strategy, rather than sitting back and waiting for the monthly rent to come in, you can increase the value of your property. You’ll then be able to generate more money, have high-quality renters and never deal with late rents. Here are six tips that will help you get the most out of your rental property! 1. Reduce Vacancy Time One of the best ways to increase your income from a rental property is to make sure that it is leased every day of the year. If you a…

You’re probably aware by now that a low tenant turnover rate equates to higher generation of income from rental payments. On the other hand, having a high tenant turnover rate means that you need to spend more time, effort, and money searching for tenants who will rent the property. There are various reasons why a renter may choose to end their tenancy. One of the reasons may include a disagreement in the changes in the rental fees. This shouldn’t be a problem for you if you know the steps for properly raising the rental fees. First, you need t…

In Florida, practically every landlord requires a security deposit. A tenant gives it to the landlord as proof of intent. It signals that they will cover any damages and pay rent as per the terms of the lease agreement. The Florida security deposit laws are contained under the statewide landlord-tenant laws. Since security deposits are often a source of conflict between landlords and tenants, knowing these laws is crucial. If you’re a landlord or tenant in Florida, here is everything you need to know about the state’s security deposit laws. An …