Securing a deposit for your rental property will to help protect against specific cases of a tenant’s lease violation. A security deposit can be used by the landlord to cover certain instances of damage done to the property, for cleaning it back to its condition prior to rental (if the property is left with excessive filth), to replace keys, or to cover back rent …

Sedona, Arizona, a popular vacation town, is currently in the midst of a housing crisis. In an attempt to increase available housing for Sedona workers, the local government is offering stipends to vacation landlords in the area. The stipend applies to landlords who currently have vacation or Airbnb style rentals. Homeowners can receive up to $10,000 for a three-bedroom house, or $3,000 for a …

it’s crucial to stay of the curve and embrace strategies that drive success. In this article we’ll delve into the factors that are shaping the evolution of property management companies. We’ll explore how advancements, in property management software have simplified operations and enhanced tenant relations through round the clock help desk support. Additionally we’ll discuss the importance of catering to tenant needs by offering …

Setting the price for your rental property is one of the most important steps to securing a qualified tenant in a reasonable amount of time. Running comps on a property may seem like an easy task, but there are often steps missed in this process that can delay placing a tenant. When I speak with owners about setting the rental income they bring up …

If you’re a landlord, estimating the monthly rent for your property is an important part of calculating, and ultimately determining, the value of your financial investment. Your rent estimation will not only directly impact the profit you make each month, but will also affect the rental property‘s ability to attract tenants. Coming up with an accurate rent estimate is no easy task, but it’s …

Screening is the first step in determining whether or not a prospective tenant is a good fit for your rental property. Implementing effective and thorough screening practices can minimize future risks and help ensure the success and profitability of your investment. 1. Set minimum standards and requirements  If the rental application is pre-screening, then consider the rental posting to be pre-pre-screening. When listing your …

Climate change concerns are a hot topic in the rental industry today; green amenities are gaining popularity, and many property owners are considering how they can support sustainability in new projects with modern design and architecture. Despite the rising importance of environmental protection, recent rental trends in the U.S. are actually pointing towards a higher carbon footprint for the average American. In the wake …

To many pet owners, their furry little bundle of joy is equated to being a member of the family. This goes doubly here in Southern California where pet shrinks, groomers, and luxury boarding facilities seem to be found on every corner! To pet owning tenants, the thought of giving up their dogs and cats in order to move into a home is absolutely ludicrous! …

In a rapidly changing time, adaptation is key. With the unexpected twists and turns thrown at us since the start of the pandemic, many property owners may be considering a change of use for their property. As the nature of real estate demand changes, it may be a smart investment to change the purpose of your property. For example, an extended-stay hotel can be …