Landlords are growing more and more cautious these days, especially with the growing trend of verdicts on premise liability cases leaning against them and the increasing amounts in payoffs. Courts that once were just, keeping balance between landlords and tenants are now favoring tenants in an obvious way, so much so that it is no longer uncommon to see juries award cash amounting to $1,000,000 and in some cases, even more, for damages that happen on a property that is being rented.
More and more people all over the world are becoming conscious of the environment and their considerable impact on it. Not only would being environmentally-conscious help in preserving Mother Earth, but it also affords you a number of benefits like saving money. Here are several ways to help make your home a more environment-friendly place.
How to Avoid Today’s Top Tenant Scams
There are a lot of crooked people in this world and the rental world is definitely not immune to these. As a matter of fact, you might have heard of horror stories from friends or family members regarding tenant scams or have experienced this kind of racket firsthand.
You might believe that you are well equipped to deal with such tomfoolery but the fact remains that you can never be too prepared when it comes to protecting yourself from these scam artists. Fortunately, there are different ways and means that you can secure yourself from shams — whether it is the simple ones or the more complicated rip-offs.
Read on below to learn what the most common tenant scams are today and how to best avoid these:
The two faces of credit
We often have applicants come to us arguing that the credit score that appears in the Verify Tenant report is lower than the one they pulled online just a week before. “There must be an error with your system,” they say.
Are you ready and excited to buy a new house? Well, before you move forward, it is imperative that you know the different questions you need to ask a realtor. The idea is to determine if this person is able to help you achieve your home-buying dream.
Mind you, not all realtors have the same qualities. They have their own pros and cons, each of which can vary greatly. So, before you hire a realtor, make sure you ask the right questions first in order to assess if he/she is the right one for you – and this is exactly what you will learn from this article.
If you own a property and you are renting it out, it’s important to make the most out of your property. You wouldn’t want your property to be vacant as much as possible. The competition is tough with a lot of landlords out there and a lot of other properties that probably have a better location, are much bigger, or are cheaper compared to your own property. Don’t fret. Here are ways to ensure that your property is rented out most of the time:
Credit scores… that three-digit number so crucial, that it is capable of marking the difference between saving you or costing you thousands of dollars.
As important as credit scores are, they are also awfully confusing.
Creditworthiness is calculated using different methods, the most common of which is called FICO. Developed by Fair Isaac in the 1980’s, a FICO score has become the most common way for banks and lenders to determine your ability to pay back a loan.
Should you hire a property manager?
3 Benefits Of Hiring A Property Manager
Are you looking to rent out one of your properties? Whether you are new to this whole ‘being a landlord’ thing or you’ve done it for years, hiring a professional property manager may save you big in time, energy, and money.
If you are like most landlords, you probably have a job aside from being a landlord. Do you really want another one? Property managers dedicate their days to taking care of all the little details that go into managing a property and dealing with tenants, and they do it professionally. Why not take advantage of their expertise?
There are many benefits to hiring a property manager. Here we are rounding up our top 3 reasons why you should hire a property manager.
Happy holidays from Verifytenant
Being a landlord is serious business. You’ve purchased what is likely to be one of your most valuable assets, so treating it like a business, rather than a hobby, will help you yield greater returns.
As in any business, establishing procedures to manage your rental property can be extremely useful. It can help you make sure you don’t miss any steps or documents in the process of admitting a new tenant into your property, therefore avoiding potential liability.