leasing

To “allow” or “not allow” pets in your apartments?

One of the decisions that all landlords must face when managing their apartments is whether or not to allow pets in their properties. There is no doubt that there can be a negative side to allowing pets: they can pee on the carpet, they can scratch  hardwood floors, they can be loud when they bark or run around the unit... You get the idea. But while the negatives sometimes outweigh the positives, with...

Following Fair Housing rules to avoid lawsuit

It is amazing what some landlords say to perspective renters. Lines like "I don't rent to single mothers?" or "How many kids do you have?" seem to come out of far too many people's mouthes. For those who use that kind of language, you're playing with fire. According to Federal Fair Housing Laws, as well as some States and Local Districts, the following classes are protected from...

Managing tenants when not renewing leases

One of the most awkward situations a landlord can face is informing a tenant that they will not be renewing their lease. Whether the tenant has been in the apartment for one year or ten, it can be a delicate matter. Proper management of the situation will help to avoid lack of final rental payment and property damage. Following these tips will help to make the situation easier: Send the tenant a letter...

Effectively managing your apartments

An often overlooked side of owning investment property, is how to manage the property in the most efficient way. Simply throwing in any tenant and letting the property sit idle could eventually lead to major troubles. Although, some things take time to employ, in the long run they can make your life a lot easier. The following are a few tips to help your investment run a smoothly as possible:...

Making the most of Craigslist apartment ads

If you have ever rented an apartment, chances are you have heard of Craigslist. If you haven't you are missing out on the best way to advertise your apartment units. And did I mention that it is free in most cities? Having placed my fair share of postings on the service, I have learned a few tricks on how to make the most out of each ad with the least amount of effort possible....

Leasing apartments to family members

Filling vacancies in your apartment units quickly can be the difference between success and failure with real estate investments. Looking for tenants anywhere you can find them increases your odds of success, but never forget that not all situations are equal. One area to be especially careful of is when working with renting to family members. I am not talking about renting a unit to a member of your own...

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