Guide to Making a Solid Lease Agreement For Your Rental Property

Guide to Making a Solid Lease Agreement For Your Rental Property

When renting out a property, as the landlord, you need to prepare a lease or rental agreement and have it signed by both you and the renter. A lease guides both parties on how to navigate certain situations. It is also a binding document that lists the landlord and tenant’s duties, property policies, clauses, and disclosures. By signing it, you’ll be assured that there is a mutual understanding of the terms and conditions detailed in the contract. What is a Lease? A lease discusses the property policies, terms, and conditions of a rental proper…

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What Exactly is “Normal Wear and Tear”?

What Exactly is “Normal Wear and Tear”?

As years pass, you can expect your properties to depreciate in form as renters occupying the unit. These expected declines are not considered damages caused by tenant neglect or abuse. Damage resulting from normal wear and tear cannot be deducted from the security deposit. As such, it’s vital to know the difference between wear and tear and excessive property damage to mitigate security deposit disputes at the end of a tenancy. Defining Normal Wear and Tear In general, normal wear and tear refers to the expected deterioration of the property, …

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End of Tenancy Cleaning

End of Tenancy Cleaning

Have you ever faced the challenge of preparing a rental property for new tenants after the previous ones move out? Ensuring your property is spick and span is essential not only to attract future renters but also to maintain the value of your investment. Welcome to our end of tenancy cleaning guide tailored specifically for landlords. Dive in to discover the best practices, time-saving tips, and proven techniques to ensure your property shines, leaving a lasting impression on potential tenants and ensuring seamless transitions between leases. Y…

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Rental Property Marketing Mistakes

Rental Property Marketing Mistakes

Ever wondered why some rental properties get snatched up in a flash while others linger on the market? Navigating the rental market can be a tricky business, and even the most seasoned property moguls can slip up now and then. In this article, we'll shine a light on the most common rental property marketing mistakes that could be keeping those potential tenants at bay. Whether you're new to the landlord game or a property pro, we're here to help you optimize your rental strategy. Common Rental Property Mistakes Let's delve into some frequently…

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How to Attract Long-Term Tenants

How to Attract Long-Term Tenants

Savvy landlords know that long-term tenants are beneficial to a successful rental business, as they can help reduce vacancies and improve one’s return on investment. Admittedly, attracting long-term tenants isn’t always as straightforward as it seems. However, landlords can utilize proven methods, such as targeted marketing and thorough tenant screening, to find and retain quality tenants for maximum profits. In this article, we’ll go over some tips on how to successfully attract long-term tenants to your rental property. Market Your Rental …

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