Key Takeaways
- Use Clear Screening Criteria – Apply the same standards to all applicants.
- Set a Deadline – Let applicants know when and how you'll review applications.
- Document Everything – Keep records and follow legal notice requirements.
- Communicate Promptly – Update all applicants a...
Deciding to have a pet-friendly policy in your rental home requires careful consideration. You need to be aware of the benefits and drawbacks it presents.
Evaluate if welcoming pets is manageable for you. If you’re open to the idea, you need to add a pet policy to the leasing agreement. Renting t...
Key Takeaways
- Prompt Reporting Prevents Bigger Problems - Small issues like leaks or flickering lights can quickly escalate into costly repairs if left unreported. Tenants should act early to avoid damage and disruption.
- Legal and Financial Responsibility - Tenants are legally required to re...
Key Takeaways
- Price and Market Your Property Strategically - Use local market data to set a competitive rent and invest in high-quality listings with clear photos and accurate descriptions to attract serious applicants quickly.
- Prioritize Resident Retention - Keeping good residents is more c...
Key Takeaways
- Enforce Late Payment Fees: Consistently collecting late fees encourages timely rent payments and adds to your income.
- Charge Pet Fees: Allowing pets and charging associated fees can attract more tenants and generate additional revenue.
- Build Vendor Relationships: Establishing...