In this series of posts, RentMonitor features different rental properties across the country based on HGTV’s What You Get for the Money. From the garden apartment in Chicago and the studio space in New York City to the guest house in Boulder and the beach cottage in Santa Monica, we will show you What You Rent [...]
We recently received a comment on the RentMonitor blog stating “What I’d love to hear from you guys is how you feel about refinancing loans on condos. When’s a good time and what you should look for when doing so”. I will admit that we do not feel RentMonitor is qualified to give financial advice. We [...]
As a landlord, try to keep your expectations reasonable. Have the goal of positive cash flow, but don’t expect to be purchasing a new yacht, plane or whatever at year’s end. If you keep your expectations in check, you won’t be tempted to raise the rent and push out good tenants.
In this series of posts, RentMonitor features different rental properties across the country based on HGTV’s What You Get for the Money. From the garden apartment in Chicago and the studio space in New York City to the guest house in Boulder and the beach cottage in Santa Monica, we will show you What You Rent [...]
Based on HGTV’s What You Get for the Money series, RentMonitor will be featuring different rental properties across the country. From the garden apartment in Chicago and the studio space in New York City to the guest house in Boulder and the beach cottage in Santa Monica, we will show you What You Rent for [...]
Start your relationship right by using software to screen prospective tenants. Run a credit report, background check & contact your prospective tenant’s previous landlord and current employer. It could save you from making a risky or bad decision. Your tenants will also respect that their neighbors have gone through the screening process as well.
Landlords, make sure to get a copy of your renter’s photo ID. Confirm that it matches the application & credit report of the person renting your property.
Landlords should keep three sets of photos for each rental unit. Your best set should be used for marketing vacant rentals – remember, first impressions count! The second set is used to document move-in condition and the third set is for documenting post move-out condition.
Now, thanks to Grogger, you can contribute to the RentMonitor community by sharing your ideas and experiences about being a landlord with the world. Tell others what it’s like to be an independent rental owner, give property management advice or ask questions of other landlords. The community can read your post, leave comments, and vote [...]
When possible, do not collect rent in person. This allows you to avoid an opportunity for tenants to complain or make demands. RentMonitor allows you to automate your rent collection process so you no longer have to worry about getting the rent paid on-time each month.
