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Back in 2018, about 57% of Americans owned at least one pet. With work-from-home positions on the rise, it's likely that the rate of pet ownership in the US is even higher now. As a property owner, it can be difficult to decide whether or not to allow pets in your rental properties. Should you allow all pets, only certain species, or no pets at all in your rentals? As property managers, we're experts when it comes to these kinds of decisions. That's why we're here to discuss the pros and cons of allowing pets in your rental properties. Read on …
Continue Reading...Rent for one and two-bedroom apartments rose by 7 to 9.7 percent in July 2021. The rental market is heating up! If you own property and are feeling overwhelmed you may be thinking about hiring a property management service to manage your property? Your property is probably one of the most important possessions that you have. The thought of hiring someone you don't know to take care of such a valuable asset can be daunting. However, it does not have to be, if you choose the right property management service. Here is a look at the top benefits of…
Continue Reading...If you're a landlord, you don't have an easy job. You already have to look for tenants, make sure your properties are clean and presentable, manage maintenance staff, and deal with people who believe that all landlords are terrible people. You also have to go about collecting rent. This can be anywhere from easy to extremely difficult — especially when a tenant is late on rent. What do you do when a tenant has trouble paying rent when rent collection time comes around? Should you evict them, or give them a second chance? This article will walk …
Continue Reading...As a landlord, not every tenant is suitable to rent your property. Of course, you don't want frustrations, stress, and damage caused to your property. For legal, financial, and personal safety, it's vital to have tenant screening before letting your property. Tenant background checks are similar to an x-ray allowing you to know more about your potential renters. You can easily identify red flags, avoid problems, and pick the best renters. Know who you rent to for safety precautions, liability protection, or reducing tenant turnover. Whether usi…
Continue Reading...The median housing price for homes in the U.S. is around $363,300, this is the highest since January 1999. The laws of owning or managing property differ from state to state. In terms of owning Tennessee property, any form of collecting rent, leasing, and renting property are subject to Tennessee property management laws. This short guide will give you the ins and outs of the property management laws in Tennessee. Tennessee Property There may be an individual who presides over the property but is not present. Specific laws are determining how a…
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