Building a great owner-tenant relationship can be very tricky. At the end of the day the owner wants to make money off their investment property, and the tenant wants a great place to live for as little rent or hassle as possible. The best way to ensure that everyone gets what they want is to set realistic expectations for both parties at the beginning and continue to communicate throughout the process.
The Fair Housing Act (FHA) is a federal law that was passed in 1968. It offers protections against discrimination to seven federally protected classes: race, color, religion, national origin, sex, familial status, or disability status. These protections have evolved and expanded over the past 48 years. Three specific changes have recently come into play.
Looking to rent out your home buy not sure where to start? It can be a daunting process if you are new to property management. Here are the first 6 steps you need to get started
Getting your property ready to rent is one thing, and protecting that property, and yourself, is another. Property management companies do a lot more than taking rent payments. Navigating the world of rental property liability is murky at best, and a complicated area without professional help if an issue arises, or to help ensure you are getting the best quality tenants. There are some instances where a landlord may be held responsible and are good cause for a very thorough tenant screening process.
As an investment property owner, it’s tempting to go it alone when renting out your property to avoid extra financial outlay. You’re already working hard to get the home ready to rent, paying for upgrades, repairs, insurance, and more. Especially in Portland, where right now the rental market is super red hot, it’s easy to think that with so many tenants to choose from, it will be a breeze to find good ones.
Tenant eviction is an unfortunate, but sometimes necessary fact of investment property management. The process of evicting a tenant can fire up emotions for both the tenant and the landlord, assuredly causing stress and potentially bad feelings on both sides.
Landlords, are you wondering why you’re property isn’t getting interest? You’ve spruced it up and put it on the market, but the clock is ticking. Every second that goes by without a renter is one where you are losing money. In this article, we’re going to answer your question: My rental property is not renting, what am I doing wrong?