What to Do When Your Tenant Stops Paying their Rent

By: Becky Bower

how to handle late rent paymentsIt’s frustrating when tenants decide to stop paying their rent. You’ve already gone through the leasing process with them, and now you’re going to have to do it all over again! Rather than giving your late tenants an earful, start the eviction process right away. The sooner you get them out, the closer you’ll get to finding the perfect tenants for your property.

Step 1: Give Notice

Of course, every situation is different and many handle it differently. While I don’t recommend this, some landlords try to strike a deal with their tenants, requiring them to pay back the rent in installments by a certain date and so forth. If you decide to go this route, be sure that you have everything in writing. This will legally bind you and your tenant to the agreement. If your tenant still does not pay back the rent by the agreed upon time, you’re back at square one: handing out a three-day-notice to pay or quit. Continue reading

Real Estate Agents and Rentals: How to Get Started

By: Becky Bower

rental property real estateAs the housing market continues a slow and temperamental pace and the economic outlook is uncertain, it’s hard to ignore that many would-be-buyers are content with staying in the rental world. Despite the fact that it can be significantly cheaper to buy a house than rent, the U.S. Census Bureau reveals that homeownership is still low, and at this rate, that won’t change anytime soon. Louis Rosenthal, a real estate analyst at Axiometrics, predicts in his Forbes article that millennials will still be “driving the apartment market for at least the next 20 years.” While only time will tell if the housing market will truly bounce back, it wouldn’t hurt to consider working with rentals.

Like we said in our article, Why More Real Estate Agents Should Get Involved with Rentals, working in the rental industry can expand your networking portfolio and earn a little extra money. It’s a fast-paced world that tests your people skills and gives you a broader perspective. And, if anything, working with rentals can be helpful when houses aren’t selling. If you’re up for the challenge, here are some tips on how to start. Continue reading

State-run Criminal Data Repositories are Questioned

By: Becky Bower

criminal reporting being questionedWith the release of the U.S. Bureau of Justice Statistics’ 2014 Survey of State Criminal History Information Systems, eye-opening facts on criminal records at state-run record repositories have put their effectiveness into question. In fact, the survey revealed that 20 states have over 3 million unprocessed or partially processed court dispositions, ranging from 200 in Michigan and North Dakota to over 1 million unprocessed in Nevada. Additionally, 8 states report 25% or more of all dispositions received could not be linked to the arrest or charge in the state criminal record database! Continue reading

How to Handle Squatters

By: Becky Bower

rental property squattersFor landlords and real estate agents alike, squatters are a serious problem. While these unwanted occupants do not own, rent or have permission to be on the property, many states guarantee them rights, making them an unwelcome discovery. According to the New York Times, Las Vegas and Northern Nevada has been hit particularly hard by the housing crash and growing unemployment rate. With over 4,000 squatter complaints made to the Las Vegas Police Department last year (a 43% increase from 2014), this steep rise in cases has bred an increase in crime. While some squatters are simply homeless families looking for shelter, Lt. Nick Farese of Las Vegas’ Police Department stated that they “’have seen a direct correlation between squatter houses and crime – burglaries, theft, robberies, and narcotics.’” Continue reading

How to Professionally Text Applicants and Tenants

By: Becky Bower

texting tenantsWhen talking to applicants and tenants online, understanding how to present yourself professionally through text is vital. With no tone inflections, it can be difficult for your tenants and applicants to know if you’re serious or making a joke. To further progress your relationship with your tenants, and lure in new applicants, these tips can help you understand that line between personal and professional within text messages. Continue reading

Tips to Make Move-In Easier on Tenants

By: Becky Bower

help renters move inNo matter how much your new tenants love their home, moving is stressful. Rather than start off your renter’s experience with your property on a bad note, instantly land a good first impression by providing move-in checklists and reminders, new renter discounts, and information on local events. By implementing a few of these tips, you’ll not only make your new tenants happy and gain a good reputation for yourself, but get the information you need for your records, faster. Continue reading

Top Ten Landlord-Tenant Laws

rental property lawsRental housing laws are designed to protect both parties in the landlord-tenant relationship. Landlords want to protect their property, business and rental funds, and a renter wants to protect his right to quiet enjoyment and peaceful living.

Knowledge of and compliance with federal, state and local regulations is crucial for both landlords and tenants. The major federal laws that affect all landlords and property managers are the Fair Housing Act and the Fair Credit Reporting Act.

States laws regarding rental properties and tenant rights typically concern practical matters.  These include things like the rights and responsibilities, legal lease terms, lease termination guidelines, and how evictions must be handled.  Continue reading

ALERT: OPPOSE Hiding Eviction Reports / Unlawful Detainer in Tenant Screening (AB 2819)

UPDATE AUGUST 18, 2016: This bill has made it to the governor’s desk, and is likely to be passed.

CA AB 2819Under California’s unlawful detainer (UD) “masking” law,” UD court filings are masked, or hidden from public view for 60 days following the initial eviction court filing, and then are automatically unmasked. AB 2819 will permanently mask all UD actions, unless the rental property owner prevails in court, or seeks a default judgment in court. AB 2819 unfairly places the cost, burden, and responsibility for ensuring tenant defaults are made public on the backs of rental property owners. Continue reading

Is Your Tenant Screening Company Reliable?

By: Becky Bower

tenant screeningDetermining if you’re getting the most accurate and complete background screening information is essential when avoiding bad tenants. While price point will always factor into your decision, ultimately you want your tenant screening to be reliable. As your first defense against negligent rental payments, property damages, and even criminal activity, knowing what qualities generate good screening reports is vital.

Criminal Checks are not always the same Continue reading