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PROPERTY MANAGEMENT BLOG
Author:hostCreated:10/7/2008 8:02 PM
Property Management

 Are you tired of getting stuck cleaning out rental units. Are you losing time, money and sleep hassling with security deposit disputes?

Even the best of tenants can lose it during those last stressful days before a move out. At some point, they put their emphasis on their new place, not the old unit.

Unfortunately, it’s the landlord who suffers the immediate consequences.

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The lease controls the duties of both landlord and tenant. At a minimum, this rental form will:

List all of the occupants of the rental property. Each adult occupant should be listed as a tenant;

Set out the amount of rent that is owed, and how the rent is going to be paid. Late fees, bounced check charges, and other provisions will be included to encourage on-time rent payment. Additionally, provisions will spell out security deposit terms;

 

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When you think of rental forms, the first thing that probably pops into your mind is a lease. Often, landlords place the emphasis on the that form, because that’s the one that forms the framework of the landlord tenant relationship.
Surprisingly, it’s more likely to be their rental application that trips them up. It would be a mistake to use vigilance in selecting and implementing the perfect lease agreement, only to neglect the rental application.

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Is it time for you to find a new property management company? Has your current company grown lazy and not doing the job required? We are here to help. Rental Choice (.com) was designed to connect property owners with a qualified property management company that knows how to keep your property top-notch. We believe in property management and realize the need for it. You may be a landlord ready to have tenants that will take care of your property and pay their rent on time. Maybe you are a property owner that lives far away from your property. Maybe you just received a promotion at your job and your boss is moving you across country. Let us take the stress off you finding a management company.

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Everyone has heard of them, a movie or horror stories, some have even experienced them as neighbors, but the worst of all is when you are the landlord of this frightening tenant. The one that never pays rent on time, always has complaints, and leaves a sloppy mess in your property. There is a solution to such a problem, searching for a good tenant. We are here to encourage you with the fact that good tenants really do exist. But, the hardest thing about getting a good tenant, is finding one.

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Landlords across the country will tell you that they are the best when it comes to singling out a bad tenant no matter how good they try to conceal themselves. However, nearly every property owner is dealing or has dealt with fraudulent and unmanageable tenants who have caused them problems over the years. This is one of the biggest problems that a landlord can face when it comes to property management, since it affects their income and increases their expenses at the same time.

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Monthly rent isn’t the only thing you want from your rental property. In all likelihood, you’re watching for your property to appreciate in value as well. That will become a losing battle if persistent damage keeps you constantly pumping money into the property. Here are some ways you can avoid the financial sting of damage to your rental units:

1. Before a tenant takes possession, make sure the property is in top condition. You’re teaching by example — showing the tenant what the property is supposed to look like when it’s well cared for. If the property is suffering from nagging little problems, the tenant is going to be more lax when in comes to cleaning and maintaining it. Don’t set the bar so low. 

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In order to retain renters, landlords and property managers need to show renters that their property is truly the best option. With tenants receiving frequent offers to relocate, and a numerous newly-built apartment complexes, area landlords need to be smart when it comes to tenant retention.

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Running a criminal background check on every adult rental applicant under serious consideration is a must-do for any landlord who wants to protect profits.

Failure to run a criminal check can increase landlord liability, especially if the new tenant hurts others, and increases the chances that an applicant will become a problem tenant.

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Showing a vacancy is one of the most important steps in property management. In today’s rental market, landlords have a number of choices for showings, each with distinctive advantages and disadvantages.

Choose which method is right for your management style and rental property:

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