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Finding a new tenant can be one of the most stressful parts of property ownership. There are so many factors that contribute to what makes someone a good tenant. And for many people, that process feels daunting. So you may be wondering how to run a background check on a tenant. If so, join us as we explore the essential steps for conducting thorough background checks. We cover legal considerations, credit and criminal checks, and much more! Importance of Tenant Background Checks Running background checks on potential tenants is essential for an…
Continue Reading...The share of U.S. households living in a rental is growing. With the total number up over 100,000 in the past year, renting out your property can be a great way to generate a steady passive income. However, move-outs can reveal damage that may require costly repairs. Figuring out what's normal wear and tear versus tenant damage is key. If your tenant believes that move-out damage is everyday wear and tear, they'll likely contest deductions on their security deposit. This can ruin the rental experience for everyone involved. So, what is normal w…
Continue Reading...Every year, residents in about 14 million housing units report sightings of roaches, while about 14.8 million others have rodents. This alarming statistic highlights a critical aspect of rental living: pest control. Determining who is responsible for pest control when renting is not just a matter of comfort but of legal and financial importance as well. Below is a guide that explores the roles of tenants and property managers in managing pests in rental properties. Read on to learn more. Common Pests in Rental Property One of the challenges of …
Continue Reading...As of March 2024, landlords in Tennessee filed 13,970 evictions during the previous year. As a landlord, you can take steps to prevent evictions from occurring, including performing thorough tenant screenings. Regardless of how well you screen your tenants, however, you might still have to evict someone. Evictions can be emotionally draining and financially burdensome, often resulting in significant costs and time consumption. You'll lose rental income during this time and have to pay the eviction fees. This might make you wonder, "Can a landlo…
Continue Reading...Tennessee may have mild winters with typical temperatures around 40 degrees, but that doesn't mean landlords can give renters the cold shoulder about heating and cooling problems. Cold indoor temperatures can make respiratory conditions worse. Landlords need to address their tenants' needs. How long can a landlord leave you without heat, though? If you find yourself without heat for a long time, what relief can you get? What do you do if your rental unit proves unsafe by World Health Organization standards for a long time? You have options. Kee…
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