Are you a landlord in Alabama and are looking to know what rights you enjoy under state law? If so, you’re at the right place! Just like AL tenants enjoy certain rights under state law, Alabama landlords, too, have certain inherent rights as per the statewide Landlord-Tenant Act. For example, as a landlord, you have […]
Your responsibilities as a landlord are innumerable. While some, such as advising tenants to purchase renter’s insurance aren’t that obvious, collecting rent is one you’re sure of. By far, the success of your rental business depends on your tenants’ ability to pay rent. And whether or not they’ll pay rent on time will depend on
Having a quality tenant is on every landlord’s wishlist. A quality tenant is who, among many things, pays rent promptly, cares for your property, and rents long-term. Indeed, such a tenant can go a long way in making your real estate career smooth and, yes, lucrative. However, getting a quality tenant isn’t as easy as
Thinking of becoming a landlord? If so, that could be a great move! Real estate remains one of the world’s most favorite ways of making money. For one, it’s a passive source of income and, done right, it can help you create significant wealth. Typically, the value of a property (as well as rent) tends to
As a landlord, you probably understand the importance of a lease agreement. It legally binds you and your tenant, requiring each party to fulfill their obligations for a certain duration of time. To your advantage, it holds the tenant responsible for things like paying rent, maintaining your property, and handling any damages they cause. Also,
What Are The Basic Components of a Lease Agreement? Read More »
As a landlord, it’s important to build great relationships with your tenants. For one, it can ease landlording for you; making it easier to collect rent and keep your property in good condition, among other things. Also, tenants with whom you relate well are likely to rent long-term. And long-term tenants can only mean one thing
While fully-occupied rentals guarantee rental income every month, that amount usually remains constant. And why settle on that while you can increase your rental value and maximize your rental income? Even with a tight budget, there are some improvements you can make that can impress prospective tenants. So, how do you go about it? Here
Having a prospective tenant express interest to rent your vacant rental unit can be exciting. For one, it puts an end to the zero income you’ve been earning during the vacancy period. Also, it keeps the vacancy risks such as theft and fire damage, at bay. However, renting to a new tenant isn’t as easy
What Does A Landlord Have To Do Before A New Tenant Moves In? Read More »
Hiring a property management company can be good for your rental business. For one, it may mean a chunkier rental income due to reduced vacancies and a lower tenant turnover. Also, you may be able to earn your dollars passively while concentrating on other activities. The list of pros is endless. However, while it’s not
What To Look For In A Property Management Company Read More »
If you have managed a property before, you probably understand the hassle it comes along with – dealing with problem tenants, filling up vacancies, staying on top of maintenance and repairs, and more. While handling this all by yourself isn’t exactly impossible, it may be a good idea to simply hire a property manager. For
