Receiving timely payments from your tenants is key to running a successful rental property. Having responsible tenants is the first step in ensuring you can count on these payments every time they are due. This is why conducting a thorough check on your potential renters’ finances and their ability to pay is so important. However, even tenants with an excellent history can slip up when it comes to payments. Life happens: whether it is the COVID-19 pandemic or family troubles or the loss of a job, it’s always best to expect the unexpected. As a landlord, you know you can’t plan for every single scenario. What you can do is be prepared by factoring late fees into your lease agreements, and enforcing them when the need arises.
Fall is here, and that means it’s time to update your to-do list. The leaves are falling, winter storms are coming, and tenants are ready to enjoy the holidays and cozy up in their units. With all of this in mind, you might be realizing it’s time for maintenance. Although it can seem like a hassle from the outset, it’s important to remember upkeep is vital to the longevity of your property. You want to protect your investments and provide a safe, welcoming living space that tenants can call home throughout the year. While the change of seasons can present new challenges, they also provide opportunity to confront any issues head on (before they become larger and more expensive to deal with). It is key to stay ahead and manage your property with the utmost care.
At All County Denver South, we know one of your top priorities as a landlord is filling vacancies with honest and dependable renters. It can be frustrating when rental units remain empty for a long period of time; as well as losing potential earnings, it is necessary to keep a constant close eye on vacant units as they are more prone to defacement and other damages. Here, we have provided a few suggestions for filling vacancies fast so you can turn your attention to other matters.
As a landlord, you are constantly looking for different ways to improve and boost your property value for your existing and potential renters, which can be a difficult process. Rental properties should offer the right amount of functionality and comfortability to interest prospective tenants, but still leave enough blank space for tenants to make it their own. They should also meet the local market’s standards to attract tenants and keep them long-term. Finding the right combination can be a challenge. However, even minor upgrades can drastically improve a rental property’s value.
The process of finding and renting an apartment takes a lot of time and effort from both landlords and tenants— and all those moving pieces mean that both parties can be vulnerable to scammers if not prepared. Rental scams, at heart, are a misrepresentation of either the property available or a person’s intent to pay to live there, and can be damaging to all involved. Read on for a breakdown of some common scams and how to protect yourself against them.