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Posts Tagged "Tenants"

How to Retain Residents in Multifamily Communities

There is significant value in being able to retain residents.  If you are above average in retaining your residents, your management company will have less costs associated with marketing vacancies, screening new prospective tenants, performing make readies, and more.  Having…

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3 Things That will Happen to Your Property if You Don’t Screen Your Tenants

There are many things that can go awry on a property.  If you don’t thoroughly screen your prospective tenants, you can cause serious damage to yourself, your property, and your budget. 1. Your Property Gets A Bad Reputation No resident wants…

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How to Get Better Property Management Leads

Observe below the image from Google Maps of property management companies in Los Angeles.  As you can see, there are multiple property management companies per square mile.  With such a significant amount of competition, there’s a lot that needs to happen…

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Using Diplomacy as a Marketing Tool a.k.a. Don’t Rub Your Tenants The Wrong Way

Some tenants can be a real hassle.  Others are close to bringing you to insanity.  And being honest, not everybody you rent to is going to be the ideal tenant.  Murphy’s Law explicitly states that if something can go wrong,…

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Tenant Psychology: Making Positive Behavior

Public spaces are often left in a mess no matter whether it is a laundry room, pool, recreational area, or a bathroom….  Sometimes the same tenants that take super care of their own units don’t use those practices in the…

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Don’t let a Landlord-Tenant Dispute Become a Natural Disaster

Don’t wait until disaster strikes to protect yourself and others from damages. Have a plan in place to prevent landlord-tenant disputes when there is property damage of any kind.  You should take steps to ensure that the lease clearly designates…

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A Tenant Signs the Lease and then Vanishes. What do you do?

The prospective tenant passed your background check, they were very welcoming in the showing, and really everything looked great when you signed the lease.  But then when move-in day comes, nothing happens.  The tenant is nowhere to be found.  Plans can…

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How to Handle Existing Leases after Change of Property Ownership

Let’s imagine that you scoped out the perfect property investment.  Maybe it’s a property that will increase in value after refurbishment.  Or you just know that the neighborhood is in high demand because of the local amenities and you believe this…

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Landlords Can Breathe A Sigh Of Relief; You Don’t Have To Lease To Registered Sex Offenders

There is a common misconception that landlords are required by fair housing laws to not deny renters simply because they are registered sex offenders.  Many who hold this perspective use the logic that somebody who is a sex offender likely has…

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Commercial Tenant Demand is Growing

Retail tenants are showing a lot of growth across the country. Where as two years ago was a very sluggish CRE market. Now is the time to be competitive when the interest rates are still low. There is a resurgence…

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