Remove Applicants Remove Insurance Remove Lease Agreement
article thumbnail

The Importance of an Accurate Rental Application

American Apartment Owners Association

The importance of a thorough and accurate rental application cannot be overstated. A comprehensive rental application can protect you from undesirable tenants and future problems, such as evictions and damage to your investment property. A Comprehensive Application to Rent is available on the AAOA web site at no charge to all members.

article thumbnail

What Is Debt-To-Income Ratio (DTI): What Investors Need to Know

Bay Property Management Group

In turn, that could make lenders hesitant to approve your application. Lets look at them both: Front-End DTI (Housing DTI) The front-end DTI focuses only on housing expensesthings like your mortgage payment, property taxes, homeowners’ insurance, and HOA fees, if applicable. What Counts as Debt (and What Doesnt)?

Insurance 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Importance of an Accurate Rental Application

American Apartment Owners Association

The importance of a thorough and accurate rental application cannot be overstated. A comprehensive rental application can protect you from undesirable tenants and future problems, such as evictions and damage to your investment property. A Comprehensive Application to Rent is available on the AAOA web site at no charge to all members.

article thumbnail

Average Rent In Northern Virginia: Costs & Fees Explained

Bay Property Management Group

Most of these are tied to tasks such as processing your application, securing the property, or setting up services. Lets break down some of the common ones you might run into: The Application Fee In Northern Virginia, landlords are legally permitted to charge an application fee of up to $50.

Rent 130
article thumbnail

How to Keep Your Tenants Safe

American Apartment Owners Association

The signing of a rental lease agreement represents an expectation of trust between a landlord and a tenant. A tenant screening report , including criminal reports, must be run on each rental applicant so that lawbreakers will not become tenants and become a threat to their neighbors.

Tenant 246
article thumbnail

What Utilities Are Included in Rent: A Guide for Tenants

Bay Property Management Group

Gas (if applicable) Some apartments use gas for heating, cooking, or hot water. Renters Insurance While not exactly a utility, many landlords require tenants to have renters insurance. So, always check whats included both in the listing ad and your lease agreement to avoid any surprises!

Utilities 130
article thumbnail

Buying a Tenant-Occupied Property: Essential Tips and Considerations

Real Property Management Chicago

Rather, take the time to perform due diligence and ensure the leased property is a worthwhile investment. One of the primary documents to review when considering a leased property is the existing lease agreement. Given that the lease is binding, you’ll need to follow its terms until it concludes or is due for renewal.

Tenant 130