Whether it’s spelled out in the lease or not, every rental agreement includes an “implied covenant of quiet enjoyment.” This legal guarantee is a fundamental tenant right under state law, and landlords cannot waive it—even with language to the contrary in a lease. Yet many landlords and tenants alike misunderstand what quiet enjoyment actually means. … Read More
This is a tricky question—and one that doesn’t have a one-size-fits-all answer. There are pros and cons to allowing tenants to improve your property, and the risks and rewards can vary widely depending on the situation. But before we dive into the decision-making process, one thing needs to be absolutely clear: The lease must define … Read More
When you’re considering what to do with your rental property, it can be tempting to sell, especially if the market is hot. But before you make a move, it’s worth taking a moment to think about the long-term picture. Selling may give you a quick cash boost, but holding onto a rental property – especially … Read More
Summer is just around the corner, bringing sunny days and rising temperatures. As the mercury climbs, your rental property’s HVAC system needs to keep up. As a landlord, it’s your responsibility to ensure that your rental units remain “fit and habitable” for tenants – and that includes providing functional amenities like air conditioning. Even if … Read More
Renting to pet owners can be both rewarding and challenging. As of 2023, pet ownership in the U.S. has risen to a new high, with 70% of households owning a pet. This surge, highlighted by the American Pet Products Association (APPA), reflects a shift in lifestyle priorities, with pets playing an increasingly vital role in … Read More
A Worthwhile Read for Real Estate Investors – Particularly Beginners As a real estate investor, especially for beginners, navigating the complexities of taxes can be one of the most daunting aspects of building your portfolio. That’s where The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland comes … Read More
Renting to a Friend: A Seemingly Perfect Plan When I first became a landlord, I had no idea what I was in for. I had just purchased a house, which meant I needed to rent out my condo. As luck would have it, a friend of mine was looking for a place to live. It … Read More
The many benefits of owning rental properties are well known. Unlike other investments, real estate offers multiple avenues for profitability, including monthly cash flow, property appreciation, equity growth from mortgage paydown, and the ability to use depreciation to reduce tax expenses. ALL GOOD THINGS! Of course, it’s essential to report income, expenses, and depreciation accurately … Read More
Do you live in an area where property is so expensive that it feels impossible to get a good return on your investment? Or is your local rental market too flooded with properties or lacking in the kinds of tenants you’d like to work with? Whatever the challenges, if owning and maintaining rental property in … Read More
Being a landlord comes with challenges, but finding out your tenant has been arrested might be a landlord’s worst nightmare! Fortunately, there are procedures for how to deal with such a contingency. This article will help landlords know how to protect themselves and their assets if this situation occurs. CONFIRM First, confirm your tenant is … Read More
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