What to Do With a Tenant’s Possessions After an Eviction
Have you ever faced the dilemma of what to do with a tenant’s belongings after an eviction? As a landlord, navigating this situation can be challenging and stressful. Left-behind possessions create logistical headaches and raise legal and ethical questions. How do you handle these items while protecting your property and staying compliant with local laws? In this article, we’ll provide a step-by-step guide to managing tenant possessions responsibly, ensuring a smooth process that respects your rights as a landlord and reduces potential conflict…
Continue Reading...How to Convert Your Home Into a Rental Property
After relocating, you may need help figuring out what to do with the old home. Generally, you’ll have two options to consider. One option is to sell it. However, you may only want to consider this option if you are sure of getting an optimal value. The other option would be to convert it into a rental property. This can be a great option in multiple ways. For one, it can allow you to wait until you can sell the property at a favorable price. And two, although not without challenges, renting out a property can be incredibly rewarding. As a landl…
Continue Reading...When and How to Raise Rental Prices
A rent hike proposal may not always go well with your tenants. If you don’t do it right, you may lose a good tenant when it comes time to renew their lease. And as you probably know, tenant turnovers can be costly and impact your bottom line. Be that as it may, raising rent is something that you’ll inevitably do at some point during a tenancy. Factors such as market conditions, rising expenses, inflation, and the need for property improvements can all force you to hike the rent amount. You must know when and how to do it to ensure you don’t los…
Continue Reading...What Landlords Should Know About Move out Letters
A landlord-tenant relationship will always end at some point! A periodic tenancy, such as month-to-month, doesn’t usually have a specific end date. It renews every month until either party terminates it by serving the other proper notice. Fixed-term leases, on the other hand, have specific start and end dates. Regardless of the type of rental agreement, though, a tenancy will eventually come to an end. And it’s at this time that you may find yourself in conflict with the tenant. They may leave the property in dire need of disrepair and/or uncl…
Continue Reading...Vacation Rental Welcome Book
Owning a vacation rental property brings many rewards but also a few unique challenges. One of the main goals of any vacation rental host is to ensure that guests feel welcome, informed, and equipped to enjoy their stay to the fullest. This is where a well-crafted welcome book comes in. A welcome book for a vacation rental is much more than a list of rules or instructions; it’s a key tool to enhance the guest experience, ensure smooth property use, and protect your investment. When done right, it can reduce the number of guest questions, preve…
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