Even prior to the pandemic, squatters gave landlords and property managers headaches. If you’ve been in the industry for a while, you’ve most probably heard of the concept of “squatter’s rights”. Most often, “squatter rights” are used to try to justify the illegal occupation of property. Some states, including Michigan, have made squatting a criminal […]
What happens if the pandemic goes on for the next six months? The next year? What if it goes on much longer than we were originally expecting, and lasts another two years? With the way experts have been talking about the potentially slow delivery of a vaccine, that’s a possibility that’s starting to seem increasingly […]
With the warm months behind us and the weather cooling, it’s only a matter of time before winter snow and ice are here! The last thing you want is tenants calling you on a freezing January night, saying their pipes have burst, flooding the entire basement and ruining their stuff (which they want you to […]
With the warm months behind us and the weather cooling, it’s only a matter of time before winter snow and ice are here. The last thing you want is tenants calling you on a freezing January night, saying their pipes have burst, flooding the entire basement and ruining their stuff (which they want you […]
One of the most valuable things a PMC does for a DIY landlord is make their rentals a business, not personal. So, if you met a potential partner who was going to help you run your business, would your first priority be making sure that they took as little payment as possible for their efforts? […]
Online tenant screening tools are easy and relatively cheap to use, but are they giving you the best overview of tenants’ backgrounds and reliability in terms of maintaining the property and paying rents on time? If you’re dealing with applicants with high credit scores, this probably won’t be an issue for you. On the other […]
“Interviewing a Property Management Company” Self-managing your rental properties can be challenging and time-consuming, especially for landlords who are scaling up their portfolios. This is where having a good property management company can be a huge asset There are many property management companies (PMC’s) to choose from, both good and bad, so gathering as […]
You did your due diligence and properly screened your current tenant, but now they need to move out early before their lease expires. But, hey, they’ve got a friend that can take over their lease. Will you consider subletting? What Is Subletting? Subletting, or subleasing, means that your tenant assigns the remainder of […]
Let’s take a look at some ways to handle overly needy tenants.. All properties require maintenance and repairs to meet acceptable living standards. Factors like the age of the property and the number of units and needy tenants will affect your maintenance schedule. Most tenants are mature adults and have read and understood their lease. […]
As a property owner, you should always be looking for ways to save money and to maximize profits. Raising the rent isn’t always an option. There lots of ways your profits vanish without you even knowing it, that’s why it’s a good idea to conduct an energy audit. Most tenants pay the utilities in their […]