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Do you accept pets in your rental
property?
Certainly many landlords do not
accept pets, but a no-pets policy
could be costing you money. Nearly
one of every two renters in the
United States has pets, according to
the American Veterinary Medical
Association. Why not take a look at
some ways to capitalize on the
market share of renters who are pet
owners?
Many of them turn out to be great
Residents!
All
landlords have legitimate concerns
about allowing pets in their rental
properties. Maybe you've even tried
it and ended up with damage to your
property, complaints from neighbors,
or even a lawsuit. Or maybe you
haven't been willing to risk those
possibilities. Some landlords feel
that if they allow one resident to
have a pet, they must let everyone
have a pet in order to avoid a fair
housing complaint. Not necessarily.
I have
been successful in renting to pet
owners by approving only responsible
pet owners to rent from me and by
establishing effective parameters
for the keeping of pets. As a
result, I have lower vacancy rates
and longer tenancies, since it is
difficult for pet owners to find
other places to live. Click here for
to purchase Pet
Interview techniques.
To
read the rest of this article to
learn what policies to consider
when allowing pets in your
rental property, as well as some
great interview techniques for
applicants with pets, click here
to Join
Georgia Landlord Solutions
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Verification of Rental History
Choosing tenants is the most
important decision a landlord makes.
If you choose the right tenant the
first time, you won’t have to worry
later about late rent, damage to
rental units, and legal problems.
But how do you know when Mr. or Ms.
Right comes along?
One
way is to talk to past landlords.
Notice that I said, “past landlords”
– plural. That’s right, it’s really
important to talk to more than one,
especially if the one you talk to is
the current landlord.
Do you
suppose a landlord who has had his
fill of a delinquent tenant might
give him a great reference, just to
get rid of him? Sure, he would!
So go
back at least two, and if the
applicant has moved around
frequently, talk to three or four
landlords. Find out why the
applicant moved so frequently.
The
way you ask the questions of a past
landlord can influence how valuable
the collected information is.
First
of all, there is the question of
whether or not the person listed on
the application is or was actually
the applicant’s landlord.
How
do you know it is not a relative or
friend of the applicant, posing as
his landlord? It’s all in the way
you ask the questions. Which of
these two lines of questioning will
get you the best information?
Join Georgia
Landlord Solutions today to find
out!
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Did the
tenant get my notice?
Landlords occasionally have to give notice to vacate to
tenants whom they feel will be difficult to pry out of
their rentals. Naturally, the landlord who finds himself
in this position will be concerned about how to deliver
the notice and then prove that the tenant got the notice
at a certain time. Certainly the most effective way to
know that a tenant receives the notice is to deliver it
in person. You hand the notice to the tenant; there is
no doubt that the tenant received it. But suppose the
tenant is not at home when you deliver the notice. You
then resort to what is casually known in the land
lording business as “nail and mail” – meaning nail a
copy to the door and mail another copy. So how to prove
that the tenant received the mailed copy? The consensus
is to send by Certified Mail, Return Receipt Requested.
Keep in mind, however, that a savvy tenant (especially
one who knows you are about to give him notice) will
realize what that Certified Mail notice means, and will
not ever go and pick it up!
So try this: Go ahead and
send the Certified Mail copy as you normally would. At
the same time, mail a copy by regular
mail. The tenant may never go and pick up
the Certified item, but unless you get the regularly
mailed copy back, you know it was delivered to your
tenant with the rest of his mail!
Don't get ripped off on repairs!
Those
of us who own rental property are usually handy with a
hammer. We own toolboxes, and we know what to do with
what's in them! However, most of us are not Jacks (and
Jills) of all trades, so we occasionally have to hire
professionals to do repairs we can't (or don't want to)
do. Most service professionals are paid on a "time and
materials" basis, or in other words, they are paid
according to the length of time the repair takes plus
the cost of materials to do the job. It's easy to
discern what the cost of materials is for a particular
job (check the local hardware store or lumber yard), but
how much time should it take? That's more difficult to
estimate, and vendors know that. Therefore, vendors who
overestimate the time a job will take rip off some
property owners.
Join Georgia Landlord Solutions today to find out
how saavy landlords avoid being ripped off by vendors
who try to overcharge them for the labor portion of a
repair job! You may order the Vendor Tracking Form here.
Advertising Vacancies
Reduce Labor - When
advertising a property for rent, a landlord can
significantly reduce his/her labor by providing as much
information as possible to the applicant prior to making
an appointment to show the property. Why show the
property to someone for whom the property will not work?
A savvy landlord allows the applicants to screen
themselves out, so that he/she is only considering the
applicants whose needs the property will meet.
How does the smart landlord do
that?
Join Georgia Landlord Solutions today to find out!
Renew
Rental Agreements at the Time of Year when it is most
Advantageous
If you
have been a landlord for several years, you know it is
much easier to get a rental vacancy filled in the summer
than at any other time of the year. Not only that, but
because of the increased demand for rentals in the
summer, the price the landlord can negotiate this time
of year is higher than the price he can negotiate at
other times of the year.
Therefore, this is the time of year that your rental
agreements should be ending and the time you should be
doing renewals. Or, in the case of any of your tenants
who are moving out, advertising and re-renting. Why now?
Because this is the time of year people move. Children
are out of school, and parents want to move in time to
get their families settled before school starts again in
August or September.
How
do you get your tenants on this schedule if they are not
already on agreements that come due in the summer?
Join Georgia Landlord Solutions today to find out! |