End of Year Housekeeping – Old Tenant Debt
While the end of the year is a very busy time of the year for most of us on a personal level, it is usually a slow period for landlords. Many of us spend this time working on our taxes, cleaning out...
View ArticleTough Economy Makes Tenant Debt Tough, but Not Impossible, to Collect
The downturn in the economy has caused many landlords to lower their credit requirements for new tenants. Of course, lowering credit requirements increases financial risk. Renting to a tenant with...
View ArticleTen Common Landlord Mistakes
Effectively Dealing With Tenant Delinquencies And Eviction Proceedings By Jon L. Farnsworth, Esq. (Editor’s note: This article was initially published in the September 2009, Minnesota Real Estate...
View ArticleUSA Today – The Landlord Doctor
December 30th USA Today published an article titled “Apartment renters win as vacancy rate climbs”, when he wrote the article author Paul Davidson asked me what effect concessions are having on the...
View ArticleIncomplete Rental Applications Cost Landlords Profit
Financially, many landlords are shooting themselves in the foot. The application process is normally the first place they do so. Incomplete and inaccurate rental applications cost landlords much...
View ArticleNon-Refundable Pet Deposits Can Actually Cost You Money
The way in which you explain, or don’t explain pet deposits can cost you profit. If landlords could spend just one day as a professional collector attempting to collect tenant debt, one of the top...
View ArticleAccepting Late Payments Can Land You in Court
There are many reasons why you shouldn’t allow a tenant to pay rent late, but the legal implications must always be at the top of the list. Unfortunately, by being the nice guy, or gal, and accepting...
View ArticleFailure to Comply With Tenant Deposit Notifications Could be Costly
A Landlord's Worst Nightmare Imagine being forced to write a check to a previous tenant who still owes you money. This is a very real possibility if you fail to comply with the law after the tenant...
View ArticleSurvey Results – Top Ten Reasons Tenants Give for Not Paying Rent
Recently I was asked to conduct a survey of my blog readers of the reasons and or excuses tenants give for not paying their rent. I have heard countless times from landlords who allowed tenants to pay...
View ArticleAccurate Tenant Screening may Become Much Easier!
A credit report is basically a report card of how a particular person pays their bills. Why are monthly rent payments not reflected as a trade line on the credit report? I as well as many others, have...
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