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Take out landlord insurance A landlord insurance policy is meant to protect you as an investment property owner while safeguarding your rental properties. It is extremely important for any residential investor to protect themself with high quality landlord insurance from a reputable company.
In a ruling that could reshape how landlords approach late rent fees, the Kansas Supreme Court last week upheld a district court’s decision requiring a tenant to pay over $21,000 in late fees for missed rent payments dating back to 2020. Foster had rented a single-family home from landlord John Schutt starting in 2018 for $1,900 per month.
If the heater goes out in my rental should I give tenants credit while awaiting the repair is the question this week for Ask Landlord Hank. Remember Hank is not an attorney and he is not offering legal advice. After he retired, he started a real-estate brokerage business with his sister that focuses on property management and leasing.
Immigration authorities have issued subpoenas demanding that landlords turn over leases, rental applications, forwarding addresses, identification cards and other information on their tenants, according to the Associated Press. After consulting with immigration attorneys, he concluded that compliance is optional.
The Washington Attorney General has filed a new lawsuit against RealPage and nine local landlords claiming they conspired to harm tenants and violated the Consumer Protection Act, according to a release. Two types of RealPages pricing software collect nonpublic, competitively sensitive data from landlords to feed the algorithms.
Ask the attorney is a feature with attorney Bradley S. Dear Attorney Brad: I have a tenant who is the only one on the lease. I do not have a problem with the tenant having another, only that the second person has not been “vetted” and is not on the lease. It is not fair to others in the building.
Under the new law: Squatters are defined as individuals who occupy a property without a lease, legal right, or permission. Work with your property manager (or local attorney) to understand how the law applies in practice. Property owners can submit an affidavit stating the person is unlawfully occupying the property.
Landlords may face various liability risks, from tenant injuries to property damage claims. Without the right protection, landlords could encounter costly lawsuits and unexpected expenses that threaten their investment. This guide will cover what landlord liability insurance is, why its essential, and the key benefits it offers.
A feud between tenants is no fun so how best to handle it is the question this week for Ask Landlord Hank. Remember Hank is not an attorney and he is not offering legal advice. Dear Landlord Hank: How do we handle an ongoing, ugly feud between the two sets of tenants in our duplex? He provides answers each week to landlords.
And don’t forget to update your insurance to landlord coverage it’s designed to protect rental property owners more thoroughly than a standard homeowners policy. With the right software, you can automate rent collection, handle maintenance requests, stay on top of lease renewals, and keep detailed financial records.
It allows tenants the opportunity to pay rent, correct lease violations, or leave voluntarily before the situation escalates. Housing laws dictate that a landlord must understand and follow proper required notice period requirements to avoid complications. Know Your Legal Framework Compliance is key for landlords.
You can’t trust your intuition or cross your fingers when you sign a lease with a tenant. Without careful screening, you may have to eventually contend with tenants who don’t uphold their lease obligations. Verify references: Contact previous landlords to gain insight into a potential tenant’s past behavior.
Understanding property ownership is useful for lease clarity, maintenance issues, verifying legitimate owners, and it’s generally legal to research this public information. However, in most cases, details will still be released if there’s a legal reason, such as a tenant needing to contact their landlord.
Keeping up with advances in technology The Florida House and Senate passed Florida House Bill 615 (2025) creating Florida Statute 83.505 which allows Landlords and Tenants to send each other notices electronically by email.
Before buying or developing property , always review easements in title records and consult a real estate attorney to avoid costly surprises. That’s why many landlords turn to Philadelphia property management companies for guidance on handling these matters. What is an Easement in Real Estate and Why Does it Matter?
Maybe you’re moving, maybe you have a low-interest mortgage you don’t want to give up, or maybe you’ve just realized that your ready to be a landlord and start building long-term wealth. Whatever the reason — welcome to the world of landlording! Let’s break down what first-time landlords in Indy need to understand.
Can tenants install a security camera on your rental or a camera that shows common areas in an apartment complex is the question this week for Ask Landlord Hank. Remember Hank is not an attorney and he is not offering legal advice. Dear Landlord Hank: Can tenants install a doorbell camera on their rental?
Recent reporting shows issues with lease clauses banning tenants from leaving negative reviews, sometimes called non-disparagement clauses in leases, so see what the consumer review fairness act says about this. The Federal Trade Commission and state attorneys general have the authority to enforce the CRFA.
But the work isn’t over once they sign the lease. Showing the property, processing applications, preparing new lease documents, and managing the move-in process all take considerable effort. Clear Lease Agreements: The Foundation for Tenant Retention in Columbus A well-crafted lease agreement is more than just a legal document.
Theres a lot that goes into being a successful landlord. In this guide, well break down why service contracts matter, the types youll likely come across, what they usually include, and the slip-ups landlords often make when managing them. Why Do Landlords and Investors Need Service Contracts? Lets get into it.
The proactive marketing of properties and the negotiation of lease renewals are two things that can help reduce vacancy rates. Make sure that you are in compliance with the law by properly managing lease agreements, security deposit regulations, and eviction procedures.
It’s a word that no landlord wants to utter, yet it’s an inevitable part of managing rental properties. Whether it’s due to unpaid rent, a lease violation, or a tenant refusing to vacate, drafting a professional eviction notice is your first step in reclaiming control of your property. What Is an Eviction Notice?
If tenants leave damage in your rental and then want their deposit back what should we do is the question this week for Ask Landlord Hank. Remember Hank is not an attorney and he is not offering legal advice. Dear Landlord Hank, We have a rental house and the tenants gave 30-day notice. Visit his website: [link].
One of the things that keeps real estate investors and landlords awake at night is the threat of vacant rental properties. There are many brilliant ways to market your rental property so that its leased quickly, avoiding the loss and the stress of vacancy. Youre re-negotiating and renewing the lease agreement year after year.
Tenants pouring grease down the sink and flushing paper towels down the toilet into the septic system is the issue this week week for Ask Landlord Hank. Remember Hank is not an attorney and he is not offering legal advice. Dear Landlord Hank: I am acting as power of attorney for my son and my daughter-in-law.
As temperatures rise into the triple digits, Arizona Attorney General Kris Mayes is warning landlords about air conditioning requirements under the state’s landlord-tenant law, according to a release. Failure to provide adequate air conditioning potentially violates the Arizona Landlord Tenant Act (A.R.S. §
Being a landlord in Columbus, Ohio, comes with more than just managing properties and collecting rentit requires a clear understanding of Columbus rental laws to ensure compliance. These laws are designed to ensure fairness and protect both landlords and tenants, but they can also be complex and ever-changing.
No matter if youre an independent landlord renting out a single-family home, a multifamily property owner managing multiple units, or a realtor expanding in property management, launching a real estate business is typically accompanied by unique legal challenges. This makes an LLC ideal for partnerships and also solopreneurs.
Records: Secure records like leases and reports. The role that landlords take is significant, and with rent collection and other property needs, it requires diligent work. Get copies for all, and know that you also might need an attorneys advice when it has more critical terms with tenants and safety and health, especially.
Questions about smoke detectors come up often so this week the question is about a non-functioning smoke detector in a rental and who is responsible for replacing it is the question this week for Ask Landlord Hank. Remember Hank is not an attorney and he is not offering legal advice. Who should replace them, us or the landlord?
Have you ever encountered challenges with a lease violation? Lease violations are common situations that can impact both homeowners and residents. In this article, you will find the most common lease violation types. Dive into the details of lease violations and how to resolve them smoothly and successfully!
A landlord cannot let themselves into a tenants property without prior notice, except in emergencies. Generally, landlords must provide at least 24 hours notice before entering, respecting tenants privacy and adhering to specific state laws regarding entry reasons and times. Privacy Both landlords and tenants have the right to privacy.
A clear and comprehensive landlord-resident lease agreement is the best way to prevent misunderstandings. Why Are Lease Clauses for Landlords Required Clear communication is essential in any business, and a well-written contract removes uncertainty. A lease ends after a specific term (usually a year).
The signing of a rental lease agreement represents an expectation of trust between a landlord and a tenant. Legal responsibilities of a landlord Warranty of Habitability: Every lease or rental agreement includes an implied warranty of habitability, which means the premises are suitable for human occupancy.
There are all kinds of reasons why someone would need to break their lease. How can you break your lease without penalty? For example, you can find the Consumer Guide to Tenant and Landlord Rights from the Pennsylvania Attorney General a helpful guide for those in Philadelphia and nearby. Life gets in the way, right?
As a careful landlord, you want to know as much as possible about anyone seeking to rent your property in order to avoid renting to the wrong person. It will help landlords and property managers make informed decisions about who to rent to. All applicants over the age of 18 must be on the lease and should be screened.
Whether you own one or multiple rental properties, a power of attorney is a key component in your estate planning portfolio. Stromberg Warren Allen LLP Power of Attorney in General A Power of Attorney takes effect on its execution date, remains in effect if you become incompetent and financially incapable, and expires when you pass away.
A Seattle landlord has sued the City of Seattle alleging a number of laws passed in the name of tenant protections in the last few years have financially strapped his affordable housing units, according to the Seattle Times. Source: Rental Housing Journal The post Seattle Landlord Sues The City Over Tenant Rules appeared first on AAOA.
Becoming a landlord can be a great investment, but it’s not without its challenges. New landlords often face a steep learning curve, especially when it comes to managing tenants, maintaining property, and navigating legal requirements. Here are the top five mistakes new landlords make—and how you can avoid them.
If you have an unresponsive landlord who’s not responding to your complaints, you have tools you can use to solve this challenge. Read below to learn when your landlord is liable for repairs, what you can do to keep them accountable, and more. How Long Can a Landlord Ignore You? When Does an Unresponsive Landlord Break the Law?
While they’re unpleasant for tenants, they’re necessary for landlords who must pay for the rising maintenance costs, taxes, and utilities. First, know when your landlord is allowed to increase rates. Contents of This Article: How Often Can Your Landlord Increase Rent? Rent increases are pretty much unavoidable.
Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. The W-9 form will give you their filing status and federal tax ID, so you can file your 1099-MISC forms accurately when the time comes.
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