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Pro active owners that manage their own rentals are certainly concerned about protecting their property value, increasing their equity and preserving cash flow. Unfortunately, Owners are often unaware or unable to establish and follow professional management routines required to accomplish these important objectives. Immediate action is required both to prevent and mitigate problems. In order...
Though it is often not included in the rental advertisement, you can expect to pay a security deposit over and above the monthly rent. This is normally required before move-in and can be as low as a few hundred dollars in a large older apartment community or as high as being equal to a month’s...
While advertising “pet-friendly” certainly makes marketing sense for an apartment community and individual rentals there needs to be a well thought-out management strategy, reasonable policies that are enforced, pet owners that are responsible and willing to be held accountable. Pet ownership in a rental setting works when the renter understands that a “pet-friendly” rental policy...
Independent rental owners of homes, individual condos and apartment buildings are generally considered engaged in a trade or business. As such they enjoy key small business benefits under federal and state tax codes. It is recognized that even the owner of a single house that is offered for rent is providing essential goods and services...