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Legal Compliance & Regulations

  • Legal Compliance & Regulations

    The problem with collection agencies

    Using a collection agency could work for you, but be prepared for disappointment. You’ll have a better chance of collecting your money if you hire a collection agency that specializes in collecting rent from tenants.

    February 27, 2019
  • Legal Compliance & Regulations,Maintenance & Renovations,Move-in/Move-out,Security Deposits

    What’s a tenant walk-through?

    It’s difficult to know what to look for or to know whether you inspected everything you should, so it helps to have a checklist with you. Landlords often provide tenants with a checklist, but if yours doesn’t, you can use this one.

    February 18, 2024
  • Legal Compliance & Regulations

    Can a landlord take possession of an abandoned property?

    There is no question that you can and should take control of your abandoned property, but you can’t just start re-keying and tossing out your ex-tenants’ belongings. Your tenant might have left but had every intention of returning to the property. If you took possession in that instance, your tenant could claim wrongful eviction, and you might need to pay damages.

    January 16, 2019
  • Legal Compliance & Regulations,Maintenance & Renovations,Mortgages & Loans

    How to convert your home to a rental property

    You can’t just move out and declare your home a rental. There are some things you need to do first to convert your home. Find out what they are.

    December 19, 2018
  • Legal Compliance & Regulations,Maintenance & Renovations,Move-in/Move-out,Security Deposits

    A basic guide to landlord and tenant responsibilities

    Landlord and tenant responsibilities can be complicated. This guide will outline which party is responsible for common landlord/tenant issues.

    December 13, 2018
  • Legal Compliance & Regulations,Maintenance & Renovations

    Rental property in a snowy area? 5 pieces of snow removal equipment you need

    If you have a rental property in a snowy climate, you're responsible for snow removal, although you can make tenants responsible by adding a lease clause. The tools you need include snow shovels, scrapers, brooms, salt and sand spreaders, and possibly a snow blower.

    December 5, 2018
  • Leasing & Marketing,Legal Compliance & Regulations,Rent & Expenses,Security Deposits

    Can I get more money from a furnished rental?

    I recently spoke with Lucas Hall to get his opinion on what it takes to get into the furnished rental business and to get his best advice for landlords who are thinking about breaking into this niche segment of “landlording.”

    November 14, 2018
  • Legal Compliance & Regulations

    Is my landlord responsible for my stolen bike?

    In most cases, you're responsible for your own personal property when it comes to your home. This includes your bike, your computer, or anything else stolen during a break-in.

    August 15, 2018
  • Legal Compliance & Regulations

    Am I responsible for the damage my guests or pets cause?

    If you allow friends to stay in your place while you're away, and one of them causes a sink to overflow, which damages the floor or even an apartment beneath yours, you're liable.

    July 31, 2018
  • Legal Compliance & Regulations,Maintenance & Renovations,Rent & Expenses

    What to consider when buying a foreclosure for a rental property

    Considering buying a foreclosure for your next rental property? Consider these things first.

    July 3, 2018
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