Landlord Doc

 If you have been a landlord for a while, then you have likely been faced with the dilemma of when and how to raise the rent on your tenants, and whether you should even consider it in the first place. How much should you raise the rent? How should you go about telling your tenants that they’re going to be paying more? And what if they don’t want to pay more? If you want to raise your current tenant’s rent, it’s important to know the ins-and-outs of the process. In fact, you'll want to make sure that you are even able to increase rent, because many cities across the US have implemented rent control laws and ordinances that dictate when, how, and how much you're able to increase rent by. With that being said, here are some tips that will help you know when and how to raise rent on a tenant, as well as whether you should even do it in the first place. Determine if raising the rent makes sense There are those in the rental industry who would argue that in many cases, you may not w...

 In most cases, people tend to purchase real estate on purpose. It's often something that someone spends years preparing to do. But life likes to throw curve-balls every now and then, and - whether it's through inheritance or some other happenstance - sometimes you end up owning real estate completely unintentially. And inevitably, life throws more curve-balls, and you often have to decide what to do with that real estate; live in it, sell it, or rent it out. Whether you became a proud owner of real estate intentionally or not, at some point in your life you will likely ask yourself the question, "Should I manage my own rental property?". This article is neither a case for, nor against, why you should or should not manage your own rental property. It is, rather, a comprehensive breakdown of the challenges you will face when managing your own rentals, as well as a comprehensive overview of some things you may have overlooked in the process of trying to determine whethe...

  How to become a vendor for apartments and property management companies After a decade of experience in the property management industry, I've learned that there are a few important things that you must focus on to become a vendor for apartments and property management companies.  This article will serve as a property management vendor guide to help you get more business as a vendor, with the property management companies and landlords in your area. To understand how to become a vendor for apartments, it's important to first understand how apartment management companies operate. What is property management, and how does apartment management work? Like many industries, property management is a niche within the greater real estate industry.  Real estate in the United States is one of the biggest economic drivers and one of the preferred methods for gaining and building wealth in the country. As a result, property management companies and high-quality property managers a...