The US rental market is becoming increasingly more competitive. According to Roofstock, the demand for rental housing has risen by as much as 21% nationally, leading to more and more properties are receiving multiple tenant applications. So what do you need to do to have a standout rental application? This means that, as a tenant […]
Requiring rent payment during a pandemic may seem cruel, but many landlords are not rich and depend on rental income to pay their bills, including mortgage payments on their rental properties. In Michigan, an executive order was signed by Governor Whitmer at the start of the shutdown that stopped evictions due to the pandemic, but […]
Have you ever wondered what the difference is between renting from a property manager versus an individual, or ‘DIY’, landlord? It mostly depends on how you want to communicate or engage with them and what type of relationship you’d like to establish, but here are some key factors to consider when comparing the two: Relationship […]
Did you know that getting almost-evicted might stop you from being able to get a new car? That’s right–not only do eviction proceedings impact your future rentals, but also your credit history! It will haunt you when you’re getting a loan, mortgage, or credit card for at least the next 7 years. It doesn’t even […]
So you’ve found your ideal house? Nice. Popped in for a viewing? Great. Meets your expectations? Even better.Before signing a lease, here are some of the most important questions to ask your landlord: Which Rent Payment Methods Do You Accept? Landlords’ payment terms and accepted modes of payment (e.g. cash, auto-debit, online payments, and check […]
You probably feel that your monthly rental payments are too high already, so the idea of an added expense for Renters Insurance seems unnecessary. Remind yourself of all that stuff you lugged into your new home and may still be unpacking. Those heavy boxes contain items of value, how would you replace them if they […]
Having a low credit score doesn’t mean you’re doomed for life, but it can make some aspects of your life more trying and certainly more expensive. Rates for car loans and insurance, bank loans, and home rental can be challenging at best. You’re going to have to convince your potential landlord of why they should […]
You send your rent check every month, but have you ever really stopped to think where all that money is going? If you believe your landlord just puts it in his pocket, you’re sadly mistaken. Most reasonable tenants understand that landlords have bills to pay like mortgage and taxes. There are many other expenses to […]
Section 8, or the Housing Choice Voucher Program, offers landlords a great opportunity for “guaranteed” rent. Many landlords though, avoid it due to misconceptions about having to deal with annual Section 8 inspections. Let’s separate some facts from myths! Why are Annual Section 8 Inspections Done? So, yes Section 8 (will use the abbreviation S8 going forward) typically requires an […]
Why Would I Want Anyone Showing the House I’m Living In? So, your lease is ending and with your target date to move out approaching in less than 30 days, your landlord is telling you they want to show your home to potential new tenants. When you tell them you’re too busy to accommodate any […]