The legal eviction process can be stressful for tenants and landlords alike. On the one hand, tenants are in a dire financial situation that puts them at risk of losing their home. From a landlord perspective, this can be an incredibly difficult decision to make. Unfortunately, there may be no other option if a tenant is unable to pay their dues. If you’re just beginning to understand the legal eviction process and what that means for you, this short guide should provide you with the essential answers you need.
There are a lot of factors to consider when it comes to pricing rent. The ultimate goal is to find a price point that meets both the needs of your tenants and your needs as a landlord. The very first thing you should be aware of is what kind of property you’re marketing and who you’re marketing it to. Who is your audience of potential renters, and how much can they typically afford? What kind of amenities do you offer? Is your property located near entertainment venues, shopping centers and other places of interest? All of these questions provide a great starting point for pricing rent. However, there is plenty more you should know.
If you are currently between tenants, this is the perfect time to perform any necessary maintenance on your rental property. When your last tenants were in the process of moving, they were probably more concerned with their future home than leaving the rental in perfect shape. On the other hand, your new tenants will be expecting their new home to be in good condition. This is where you come in as a landlord. If you’re wondering where to get started, here are a few steps you should take to maintain your property when you’re between tenants.
Stainless steel appliances have been a popular choice for years. It is often believed that they help increase the value of a rental property, as well. The question is: will stainless steel continue to be something renters look for? The short answer: yes. According to research by Houzz, the 5 most popular kitchens of 2019 all had stainless steel appliances. With more and more people staying home and working remotely due to the COVID-19 pandemic, this will continue to be a widespread choice for those who have extra time to install new fixtures in their home. However, you might be wondering whether or not it’s worth taking the time to upgrade. Let’s break it down.
As a landlord, your two major concerns are finding great tenants and keeping them. So, how do you do that? It isn’t always an easy task, especially if you don’t have a clear idea of what it is you’re looking for. You need to have a vision. Is your main focus rather straightforward in that you want responsible tenants who pay on time? Or are you trying to attract renters in a certain income bracket who may be more enticed by luxurious amenities? If you have complete knowledge of what it is you’re selling and who you are trying to sell it to, you have the tools needed to attract the ideal tenant.