(This post is part of our “Landlord Basics” series, which seeks to help the new landlord / investor understand some of the basics of tenant relations and property management. Click here to view the entire Landlord Basics archive.)
One of the best parts of being a landlord or real estate investor is collecting the monthly rent check. Deciding what forms of payment you will accept can determine the amount of work you will have to do on the back end. Some payments are more beneficial than others, but ultimately most investors elect to use multiple methods to make the tenant’s life (as well as their own) easier.
Continue reading ‘Landlord Basics: Collecting Rent & Payment Methods’
(This post is part of our “Landlord Basics” series, which seeks to help the new landlord / investor understand some of the basics of tenant relations and property management. Click here to view the entire Landlord Basics archive.)
Tenants come, tenants go. Over the course of your career as a real estate investor, you’ll likely see a lot of tenants come and go, both good and bad. Being able to protect yourself when a new tenant comes and an old tenant leaves is important, especially when it comes to returning the security deposit. Having a move in and move out condition inspection reports will help you document the state of a rental before and after tenant use.
Continue reading ‘Landlord Basics: Move In Move Out Condition Inspection Reports’
(This post is part of our “Landlord Basics” series, which seeks to help the new landlord / investor understand some of the basics of tenant relations and property management. Click here to view the entire Landlord Basics archive.)
Contact with tenants is an integral part of ensuring your investments are taken care of. As a real estate investor, you may have a varying level of contact with your tenants, depending on whether or not you use a property manager, and how much that manager handles for you.
Continue reading ‘Landlord Basics: Contact With Tenants’
(This post is part of our “Landlord Basics” series, which seeks to help the new landlord / investor understand some of the basics of tenant relations and property management. Click here to view the entire Landlord Basics archive.)
In a perfect world, every tenant would pay all their rent on time every month. Unfortunately for the real estate investor, we don’t live in a perfect world. A tenant’s failure to pay rent on time is a violation of the lease, but do you always want to move for eviction? The tenant payment agreement can help you stay on top of your tenants, while at the same time giving them the opportunity to catch up.
Continue reading ‘Landlord Basics: Tenant Payment Agreement’
