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If you have good tenants who look after your property well, pay the rent on time, and don’t receive any complaints from the neighbors, you’ve won the jackpot!
Great tenants make your life easy but they can be hard to come by. So, it’s no surprise that you want to retain them long-term.
In this article, we will share our Landlord Checklist for high tenant retention rates and demand. We hope that it helps you secure great tenants who stick around for the long term.
Here we’ll cover some of the benefits of high retention tenants.
Source: Rental Housing Journal
Regarding fire safety, properly operating smoke detectors is one of the most essential tools for alerting property owners and firefighters of dangerous home and apartment fires before they happen.
They are a simple tool that saves lives.
According to the National Fire Protection Association, “Roughly three out of five fire deaths happen in homes with either no smoke alarms or no working smoke alarms.”
This means that the risk of death from a residential or apartment fire is cut in half in homes with operable smoke alarms. In states such as Arizona, where I work, rental property owners must provide smoke detectors to their tenants. However, fire safety requires more than just installing smoke detectors on your property: You must also maintain them. Doing so will keep your property and, more importantly, your tenants better protected against fires.
Here are a few tips from an Arizona fire protection expert on maintaining smoke detectors.
Source: liveaboutdotcom
Conflicts between landlords and tenants cannot always be easily worked out. Sometimes, the only way to resolve the issue is in court. There are many times a landlord has a legal right to sue their tenant. Here are twelve reasons a landlord can bring a tenant to court.
Filing a lawsuit against anyone can be a stressful experience, but it does have certain advantages.
There are advantages to suing your tenant, but a landlord must also understand the risks involved. There is no guarantee of victory and you could trigger a counterclaim from your tenant.
Instead of filing a lawsuit, a landlord can send a demand letter to the tenant in the hopes that it will be enough to get the tenant to pay what they owe. This letter may be intimidating enough to avoid a court battle. A landlord can also decide to do nothing and chalk up any losses as a learning experience.
Make your business an LLC
Structuring your business as an LLC can bring important advantages: It lets you limit your personal liability for business debts and simplify your taxes. Here, you’ll find the key legal forms you need to create a single-member or multi-member LLC in your state, including:
Form Your Own Limited Liability Company has easy-to-understand instructions, including how to create an operating agreement that covers how profits and losses are divided and major business decisions are made. You’ll also learn how to choose a unique LLC name that meets state legal requirements and how to take care of ongoing legal and tax paperwork.
There are endless reasons that you can take a tenant to court. Some of the more common reasons a landlord can sue a tenant include:
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Posted by Livable Content Team
Extreme weather events are becoming more frequent and severe, affecting communities worldwide. Property owners and managers are increasingly forced to adapt to unpredictable conditions, from heatwaves and hurricanes to prolonged droughts and heavy storms. As climate change accelerates, its impact on the housing industry and utility management is undeniable. Understanding these shifts and implementing resilience strategies is essential for maintaining sustainable, efficient, and cost-effective property management practices. In this article, we explore how changing weather patterns affect property operations and what can be done to prepare for an uncertain future.
The Rising Costs of Climate Change
Extreme weather events not only cause physical damage to buildings but also lead to increased operational costs, insurance premiums, and utility expenses. Heatwaves, for example, drive up cooling costs, while flooding events strain drainage systems and require costly repairs. Hotter summers result in significantly higher air conditioning usage, impacting energy efficiency and driving up utility bills. Severe storms and flooding pose risks of structural damage that can require long-term maintenance expenses. Meanwhile, drought conditions in some regions contribute to rising water costs and limit availability for residents. To mitigate these growing costs, property owners are investing in climate-resilient infrastructure, improved water management, and energy-efficient systems to ensure long-term sustainability.
Sustainable Building Practices for a Resilient Future
Sustainable and climate-conscious construction methods are essential for adapting to extreme weather. Energy-efficient and water-conserving buildings not only reduce operating costs but also contribute to long-term environmental stability. Green roofing and improved insulation help regulate indoor temperatures, reducing reliance on heating and cooling systems. Stormwater management systems prevent flooding by collecting and repurposing rainwater for landscaping. Energy-efficient windows and doors minimize heat loss in winter and reduce cooling demands in summer. New construction codes and policies are increasingly requiring sustainable building materials and energy-efficient designs. Property owners who adopt these practices early will benefit from lower operating costs, improved tenant retention, and compliance with evolving environmental regulations.
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Water Conservation Strategies in an Era of Drought
Water shortages are becoming a global crisis, and property managers must find ways to conserve water while maintaining tenant comfort. Implementing water-efficient solutions ensures long-term cost savings and sustainability. Low-flow fixtures, such as water-efficient faucets and showerheads, can significantly reduce consumption without compromising functionality. Smart irrigation systems that use sensors and timers prevent overuse while maintaining healthy landscaping. Drought-resistant landscaping with native plants can further minimize outdoor water needs, reducing dependency on irrigation systems. With water rates continuing to rise, conservation is no longer just an environmental responsibility but a financial necessity. Investing in water-saving technologies and policies can help property owners avoid costly regulatory penalties and long-term operational expenses.
The Role of Utility Management in Climate Adaptation
As climate change increases energy and water demands, efficient utility management becomes more critical than ever. Property managers can adopt modern billing and conservation strategies to reduce costs and encourage responsible usage among tenants. Smart metering and monitoring systems help detect leaks and energy waste in real time, allowing for quicker intervention and cost savings. Utility cost allocation programs ensure tenants are responsible for their own usage, discouraging excessive consumption and promoting mindful energy use. Renewable energy integration, such as solar panels and battery storage, provides an opportunity to offset rising energy costs while reducing reliance on traditional power sources. By aligning property management strategies with climate adaptation, landlords can stay ahead of emerging environmental regulations while ensuring long-term financial stability.
The Need for Climate-Resilient Property Management
Climate change is reshaping the way properties are managed, from rising utility costs to the need for sustainable building solutions. By investing in energy-efficient infrastructure, implementing smart conservation practices, and improving utility management, property owners can ensure long-term financial stability while contributing to a more sustainable future. Understanding where climate-related inefficiencies exist and taking proactive steps to address them will be key to maintaining resilient and profitable properties in the years to come.
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By Richard Berger
California is preparing for new move-in, move-out documentation law that requires landlords take photos of rental units before and after a tenant moves in. Digital photography and storage through property management software could help.
A layer of complexity will be added to onsite and maintenance teams in California regarding move-ins, move-outs, and security deposits when California law Assembly Bill (AB) 2801 goes into effect this year.
The new documentation law requires landlords to take photos of rental units before and after a tenant moves in. The law also requires landlords to provide these photos to tenants along with any itemized deductions.
Apartment owners or management companies must take high-resolution, date-stamped photos of the unit before the tenant moves in and immediately after the tenant moves out.
Beginning April 1, an owner or management company must take photographs of the unit within a reasonable time after the possession of the unit is returned to the owner/manager but before any repairs or cleanings for which the owner/manager will deduct from the deposit are completed, and that the owner/manager take photographs of the unit within a reasonable time after the repairs or cleanings are completed.
Owners must take photos of the unit after repairs or replacement items such as appliances are complete or the new item is installed.
AB 2801 takes effect for move-ins on or after July 1, 2025.
AB 2801 also imposes stricter limits on security deposit deductions. It clarifies what qualifies as “reasonably necessary” charges for cleaning and repairs
The bill restricts any deductions taken by a housing provider against a tenant’s security deposit, limiting such deductions to reasonable amounts and repairs that are “reasonable and necessary” to restore the premises to their condition before the tenancy, except for ordinary wear and tear.
Assembly Bill 2801 prohibits operators from deducting the cost of professional services such as professional carpet cleaning, unless reasonably necessary.
“In the long run, this is going to help reduce disputes,” Kim Arnold, Vice President – Management, Atlantic Pacific Management, said.
Arnold said her on-site team would handle the photography during the initial walk-through, and her maintenance team would handle the photography at the move-out stage.
Her firm operates 2,500 units in San Diego and Riverside County with an annual turnover rate of 24.1 percent, well below the industry average of 50 percent.
Her teams also must manage the process, such as labeling the photos and downloading and preserving the images.
Mobile maintenance apps have grown in popularity in recent years. Software tools such as AppWork and others streamline and simplify the process, allowing digital photography and storage to be handled through an onsite team member’s company-issued phone.
“The move-out post-repair photos will be the most difficult logistically and administratively because, for example, when replacing a stove, the new stove doesn’t always arrive within 21 days, so you must wait for it,” Arnold said.
“In the end, we don’t want to go to small claims court over security deposit complaints. We give our managers a lot of latitude when deciding how to handle the situation. We haven’t been to court in eight or ten years.”
The documentation law, AB 2801, could create unnecessary delays in the turnover process, directly impacting unit availability and operational efficiency. According to Sean Landsberg, CEO of AppWork, the key will be leveraging technology to streamline photo capture, organization, and retrieval while minimizing disruptions to day-to-day maintenance work.
“Meeting the requirements of AB 2801 means going beyond just taking photos, it requires a structured process for taking, storing, and accessing images efficiently,” Landsberg said.
“Maintenance software allows teams to capture high-resolution, time-stamped photos directly within a work order, automatically linking them to the unit’s history for easy compliance. By automating this process, operators can ensure they meet legal requirements while keeping their teams focused on core maintenance responsibilities rather than administrative tasks.”
Windell Mollenido, VP of Marketing & Technology, REMM Group, called AB 2801 a big deal.
“That’s going to take a lot of time for our maintenance and onsite teams,” he said. “It’s almost as if they have to record a virtual unit tour with their smartphones. That’s not to mention having to label the images, upload them to our property management platform, and manage them.
“This is not exactly what we have in their job descriptions. They’ll need to focus on taking consistent images – that means focusing on the right things and not blurry. We’d rather have them spend more time maintaining our apartments by handling work orders.”
REMM manages approximately 6,000 apartments throughout Southern California – from San Diego to Los Angeles to the Inland Empire.
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By Kathelene Williams
As affordable housing remains a challenge across the U.S., fair housing laws aimed at preventing discrimination against low-income applicants have gained attention. Though not federally protected, the source of income discrimination is being addressed at state and local levels, particularly as it relates to residents relying on government subsidies or housing vouchers.
Coupled with the issue of “steering,” these practices not only violate fair housing principles
but also perpetuate inequality, thereby affecting the vulnerable populations most in need of
housing opportunities.
Steering occurs when housing providers subtly direct potential residents to or away from specific housing options based on income, race, or other protected characteristics. Despite being illegal, this practice often results in economic or racial segregation.
With increasing scrutiny on such behaviors, housing providers must be vigilant in their application processes, ensuring that they don’t inadvertently participate in discriminatory actions that violate both ethical standards and legal obligations.
UNDERSTANDING THE LEGAL LANDSCAPE
Discrimination based on income source is becoming an area of heightened legal focus. While
the Fair Housing Act protects individuals from discrimination based on race, color, religion, sex,
disability, familial status, and national origin, it does not directly address the source of income.
However, an increasing number of states and local jurisdictions have taken proactive steps to address this gap by passing laws that prohibit housing discrimination based on income source, particularly in relation to housing vouchers or government assistance programs such as Section 8.
In these regions, it is illegal for property managers to refuse an application solely because a potential resident’s rent payment comes from a subsidy program. This means that landlords and housing providers must accept all legal forms of income as part of their applicant’s financial qualifications and may not exclude individuals simply because their income comes from non-traditional sources, such as government programs.
STEERING AND ITS DETRIMENTAL EFFECTS
While discrimination based on source of income is overtly unlawful in areas where it is protected, steering is a more covert form of housing discrimination that can be harder to identify and combat. Steering typically manifests as subtle suggestions or behaviors that guide individuals away from certain properties or neighborhoods based on perceptions of their financial status.
Housing providers may not directly say that a unit is unavailable to someone with a low income, but they may recommend different properties they perceive as “more appropriate” for that individual.
Steering is harmful because it reinforces housing segregation and limits choices for residents,
especially those from lower income backgrounds. Furthermore, it violates fair housing laws and can lead to significant legal and financial repercussions for housing providers who engage in this practice, whether consciously or unconsciously.
BEST PRACTICES FOR PROPERTY MANAGERS TO AVOID DISCRIMINATION AND STEERING
To avoid both overt and subtle forms of discrimination, property managers must adopt clear and unbiased practices in resident screening and communication.
Below are some essential best practices that housing providers can follow to ensure fairness in their processes:
✔️ Property managers should implement standardized, objective resident screening
processes that are applied uniformly to all applicants.
✔️ They should ensure clear communication of financial requirements like income
to-rent ratios without excluding legal income sources, such as housing vouchers.
✔️ They must also stay informed of local laws regarding sources of income
discrimination and adjust policies to remain compliant.
✔️ Regular training is essential to avoid steering and ensure fair treatment for all applicants.
Additionally, internal audits help monitor compliance and a commitment to diversity fosters inclusive housing environments for individuals from all financial backgrounds.
CONCLUSION
As the legal landscape continues to evolve, housing providers must remain diligent in their
efforts to avoid both income-based discrimination and steering. Property managers who operate with transparency, fairness, and respect for the law are not only protecting themselves from legal risk but are also contributing to the creation of equitable housing opportunities for all.
By understanding and complying with local regulations, offering training on steering practices, and implementing fair screening processes, housing professionals can ensure they are fostering an inclusive and fair housing environment.
In this way, the entire housing industry can contribute to a more just and equitable system, where residents are judged on their ability to pay rent—regardless of the source of that income—and have equal access to housing opportunities across all neighborhoods and price ranges.
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Written by Emily Koelsch
“Renters by Choice” is a relatively new and increasingly widespread phrase. It’s a broad term that refers to anyone who chooses to rent for reasons besides financial necessity.
Recent data indicates that more people choose to rent for the long term. These tenants no longer see renting as just a stepping stone towards homeownership.
Renters by choice are ideal tenants for most Landlords. They’re financially stable and want longterm Lease Agreements in class A properties. As a result, real estate investors should pay attention to this trend and consider it when making investment decisions.
To help you do that, here’s an overview of the movement towards renting by choice and some ways it will impact investors.
A renter by choice is someone who has the financial resources to purchase a home but chooses not to. It’s important to note that people in this category don’t necessarily have the means to purchase a home in the same market where they’re renting. However, they do have the resources to purchase a home and have housing choices.
There are many reasons people opt to rent rather than purchase a home. Some of the most common are:
While many different reasons push people to decide to rent, rising home prices and rising mortgage expenses are at the center of this decision. As the cost of homeownership continues to rise, it’s forcing people of all ages to reexamine their goals and look for alternatives to purchasing a home.
A 2024 Entrata survey of 2,000 renters showed some noticeable shifts in the mindset of renters. Of the 2,000 tenants surveyed,
These results differed from previous years and indicate some clear shifts around the idea of homeownership. When analyzing this data, it’s important to note that all renters surveyed live in large multi-unit buildings in urban areas. It seems clear that renters in high-density, urban areas are changing their views on homeownership and renting.
Thus far, it’s less clear how much this change impacts renters and buyers in smaller and more rural areas. Time will tell whether this trend extends to all areas of the country or is unique to urban areas. Regardless, there are more renters today than any period since 1965 and nearly one third of renters have housing choices.
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Renters by choice are an excellent group for investors to target when purchasing or upgrading properties. Here are a few things to help your properties attract renters by choice:
While some areas are more impacted by this trend than others, renting by choice is increasingly common across the country. Investors in urban areas and desirable mid-size markets are particularly well-positioned to attract people who want to be longterm renters.
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By Ryan Squires
The question of how to rent out your house might arise due to a move, financial reasons, or an emotional attachment to the property that keeps you from selling it.
The process can be daunting, though. There are legal elements to understand, tenants to screen, and home improvements to ensure your rental is competitive and attractive to applicants.
Don’t let fear of the unknown stop you. There are tricks and tools available that make home rental a breeze. Property management software like TurboTenant can streamline your workflow to take much of the work off your plate.
Below, we’ll take a deep dive into:
In this guide, we’ll look at how to rent out your house in 12 easy steps.
Renting Out a House: Benefits and Drawbacks
Let’s review some of the most common pros and cons that we hear from both first-time and veteran landlords, which can hopefully point you in the right direction for your own house rental experience.
When you’re determined to learn how to rent out your house, it can be tempting to focus on the positives initially — and there are plenty! Renting out property can be a fantastic source of passive income, helping you retain property over the long term and providing valuable insights into property management. As a result, you may feel confident using property management software to handle the tasks yourself rather than hiring a property manager.
Let’s dive into some of the benefits you’ll experience when renting out your house.
There might come a time after purchasing a home that you’d like to move, can’t afford to own two homes at once, and don’t want to sell your property. Renting out your house means you can generate income to buy a new home without selling anything or giving up a great interest rate. This approach allows you to maintain flexibility while benefiting from the investment opportunities a rental property provides. Many landlords have realized that renting their house keeps more long-term options open and on the table.
Renting out your home can generate extra income, which aids in covering property costs while contributing to long-term financial stability with minimal ongoing effort. After preparing your property and securing a tenant, the required attention significantly decreases, allowing you to focus on other interests or expand your property investment portfolio.
The workload lessens when you incorporate property management software into your workflow.
While some skills are easy to learn from a book, learning property management is best done through hands-on experience. From handling tasks like tenant screening, financial accounting, maintenance and repairs, and lease management, you’ll quickly receive a crash course in property management.
The experience you gain after managing your first property or two helps you move from asking yourself, “How do I rent out my house?” to “How many houses can I rent out?”
While there are several clear benefits to learning how to rent out your house, it’s also worth considering the other side of the coin. Becoming a landlord can be a time-consuming and expensive hobby, with tenants and personalities to manage, problems to solve, and expenses to consider.
One of the key components of renting out your house that we’ve already discussed is the existence of landlord-tenant laws. These laws can be tricky to navigate, and they’re constantly changing, so ensuring you fully understand the federal, state, and local guidelines is paramount. There could be serious consequences for landlords who run afoul of these statutes, not to mention potential reputational or legal risks.
Since landlord-tenant laws can change from year to year, make sure you pay attention to what’s happening in your property’s area. Keeping your finger on the legal pulse is one of the most important aspects of managing property.
When you consider how to rent out your house, it’s easy to forget how much time tasks can take from your day-to-day schedule. Finding leads, screening tenants, showing property, managing maintenance, and collecting rent can quickly pile up on your to-do list, and it might be hard to find enough time in the day. And if managing the property isn’t your main gig, adding more to your plate could quickly become untenable.
If you’re not ready for the time commitment it might take to launch your investment business, property management can quickly become a demanding and stressful experience.
The real estate market can sometimes be an adventure, with house prices fluctuating and interest rates constantly changing. Many landlords wonder how to rent out their houses in times of financial uncertainty, but there is never a clear answer.
However, while property ownership is generally a solid and reliable investment, unforeseen expenses and challenges can arise at the most inopportune times. Even with careful financial planning, there’s no guarantee that renting out your house will be immediately profitable.
From external challenges, like weather and natural disasters, to other challenges, like tenants breaking a lease early and unexpectedly, new costs and expenses can pop up when you least expect it, causing high stress and a financial burden.
Renting out a house for the first time can be either a key first step into large-scale landlording or a small step into casual property management. Either way, understanding how to rent out your house begins with preparing yourself and your property to comply with local laws while creating an attractive package for renters.
Key steps include setting a competitive price, advertising to the market you want, screening and approving new tenants, lease signing, and arguably the most important part of renting out a house, collecting rent.
Now, let’s dig into the details.
When wondering how to rent out your house, it’s easy to skip over a crucial first step — understanding and complying with local, state, and federal landlord-tenant laws.
One of the most important laws to understand at the federal level is the Federal Fair Housing Act. This law aims to keep housing as fair as possible and requires landlords to avoid discrimination in advertising rentals or accepting tenants. This means landlords can’t use criteria like race, sex, or religion to decide who to rent their property to.
All of this is to say that landlords must stay current on landlord-tenant law. TurboTenant offers updates on new changes to local, state, and federal laws and provides legally compliant lease agreements for all 50 states.
Landlord insurance protects against unexpected events like property damage or tenant disputes. Unlike standard homeowners or renters insurance, landlord insurance specifically fits the needs of rental property owners, covering risks like property damage, liability claims, or loss of rental income in specific circumstances.
Landlord insurance comes in various types and can safeguard you from a number of challenges that may arise when renting out a house. While TurboTenant doesn’t directly offer landlord insurance, we partnered with Steadily to help landlords choose the best insurance for their needs.
To successfully rent out your house, first ensure that your property is legally compliant and market-ready. The next step involves researching and establishing a competitive and profitable rental price.
The best way to determine a competitive rent price is to closely examine local listings similar to your property, assessing the features, amenities, and similarities/differences to determine where to set the price. It’s important to also factor in the square footage and condition of the property to establish the proper benchmark. TurboTenant offers a rent estimate tool that can help you streamline the process.
Once you’ve done the legwork, find the amount that will cover your costs — things like mortgage payments, property taxes, insurance, and ongoing maintenance are necessary to factor in when setting the price. Striking the right balance between a competitive market rate and profit will go a long way toward setting you up for long-term prosperity.
Crafting a compelling property listing with clear images and detailed information about the property will attract better tenants and more inquiries. Visually showcasing the property’s highlights and best features is one of the best ways to show off your home.
Follow that up with a well-thought-out description of the property, using detailed and creative language to excite potential applicants and encourage them to apply. Don’t be afraid to check out other listings to get a feel for the kind of descriptions that other landlords use and then enhance those for your own benefit.
Once you have a listing you like, post the ad to a listing service to start farming for leads. Ideally, you will post your ad on several platforms in order to maximize the listing’s visibility. TurboTenant features an automated advertising tool that distributes your listing to dozens of major rental websites, like Redfin, Apartments.com, Craigslist, and more.
And if you experience writer’s block, consider using our AI property description tool to help you draft your next description fast.
The transition from “how to rent out your house” to “how to select the right tenant” isn’t a straight line. Now that you (hopefully) have a pile of applications stemming from your listing, getting through the stack as quickly as possible can reduce the amount of time your home is vacant while ensuring you get the right candidate before they sign elsewhere.
Digital tools help speed up the review process, organizing information efficiently to increase efficiency and reduce the time it takes to pull everything together. TurboTenant’s free online application tool simplifies the application and review process by keeping everything in one easy-to-find location.
Screening tenants involves looking into the past to help guide the future. In a thorough report, you’ll find credit, background, and eviction histories, as long as your area permits you to review this information. Detailed information provides peace of mind to landlords, who can feel more secure knowing they’ve selected the most qualified applicant. However, it’s also essential to steer clear of discrimination during this process by consistently evaluating every tenant with the same criteria.
Consider TurboTenant’s comprehensive screening service, which includes credit checks, criminal history, and past evictions. Plus, it’ll help you avoid discrimination lawsuits by enabling you to apply the same criteria to every applicant.
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Once you’ve found the right tenant, a clear and concise lease agreement is your first line of defense against tenant disputes or conflicts. It’s essential that a lawyer review your lease and that it follows all federal and local landlord-tenant laws to be legally compliant.
Since the lease is the defining document in renting out your house, you’ll want to ensure that it includes key clauses about maintenance responsibilities and utilities, pet policies, late fees, and anything else that should be called out for your rental. The lease should avoid any prohibited clauses or language to prevent it from being declared void or unenforceable.
We want to help make this process easy for you. TurboTenant offers landlords fully customizable lease agreements that have been legally reviewed and lawyer-approved to ensure full compliance across the United States.
The next step in learning how to rent out your house is actually renting out your house! You’ve selected an applicant, so now it’s time to review and sign the lease, walk through the property with the tenant one last time, and then hand over the keys.
You can now explain your expectations for the new tenant and how you’ll address their needs. Ideally, this is all captured in the lease agreement, which is a legally binding contract that aims to reduce miscommunication and put all parties on the right track.
TurboTenant features a lease management system that allows everyone to sign the lease electronically and store it in a centralized location within the platform if anyone needs to review any of the terms.
One of the reasons many people want to learn how to rent out their house is for passive income. As such, rent collection is one of the most important aspects of renting out a house. You won’t be in business for long without a solid rent collection process!
Regardless of how many homes you manage, directing all rent payments to an online collection system is one of the most convenient and secure ways to collect.
Not only can TurboTenant manage leases, screen tenants, and advertise your rentals, but it can also collect rent through a powerful rent collection system. This tool allows for secure online payments and enables landlords to send out automatic reminders leading up to the due date, which reduces late payments and keeps everyone on the same page.
Managing maintenance effectively is a good way to ensure your properties are ready to rent for the long term. Between ongoing, routine maintenance tasks and tenant requests, staying on top of repairs can keep costs down and tenants happy. A maintenance tracking system can help you stay organized and ensure that any issues are resolved promptly.
Managing a backlog of maintenance requests efficiently can be challenging, so TurboTenant has developed a robust maintenance management tool that can help landlords manage and track maintenance requests, assign vendors, and track costs.
Ultimately, keeping rental units in good repair can quickly balloon costs, so a powerful maintenance tracker can help keep costs down while fixing problems as quickly as they arise.
The first thing you thought of when you were wondering how to rent out your house probably wasn’t how to build trust with your tenants. But when you think about it, great communication and a positive relationship could mean the difference between filled and vacant units.
Start by being approachable and flexible with your tenants, answering questions, and promptly addressing repair requests. Make sure the lease is clear to everyone and maintain a positive presence when on the property. Good communication can prevent potential issues and foster a generally positive rental experience. Tenants who feel heard and listened to are more likely to stay on a property long-term instead of seeking other accommodations.
TurboTenant features a centralized communication system, making it easy to directly message tenants through the desktop platform or individual mobile apps for landlords and tenants. When you communicate in the same place where you do business, nothing gets mixed up.
Developing a proactive lease renewal process can help avoid vacancies, which could result in losing necessary income, and retain good tenants. To this end, it’s incredibly important to ensure your tenants are aware of when their lease term is ending and provide them with adequate time to review any rent price increases, if necessary.
This process could become cumbersome depending on how many units are in your portfolio. But leveraging software like TurboTenant couldn’t be easier. Because of TurboTenant’s lease tracking and management system, seeing which leases are about to terminate is easy because we display the termination date below the property address in the lease dashboard.
And when it’s time to renew, you can easily convert the lease to a month-to-month agreement or add an addendum.
You’ve waded into property management and learned the basics by asking how to rent out your house. But the ultimate decision to rent out property is up to you.
Consider your short—and long-term financial goals. Are you looking for steady income right now, or is renting out property a long-term investment strategy to build a larger portfolio? Are you prepared to take on the multitude of tasks that renting out property can add to your plate?
Finally, what are your plans for the future — not only for yourself but for your property? Is this property one you plan to live in yourself someday? Or have you decided not to occupy the home again but want to build on the investment you’ve already made in the house and focus on a long-term growth strategy?
Asking yourself these questions and taking the time to consider why or how to rent out your house can help you achieve success or avoid disaster.
How TurboTenant Can Help
Whether you have one unit or 1,000 units, TurboTenant is here to help with all of your property management needs. When the tasks start to pile up, finding the most efficient process to streamline your day-to-day workflow is critical for long-term success as a landlord.
As a best-in-class, free property management software, TurboTenant offers landlords features like:
How to rent out your house doesn’t have to be a scary question. With software like TurboTenant, jumping into property management for the first time has never been easier.
So, sign up for a free account today!
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By Frank Jachetta
As the rental landscape shifts, landlords are encountering a growing number of non-traditional tenants, including freelancers, recent graduates, and international students. According to Statista, the U.S. workforce is projected to include 86.5 million freelancers by 2027, accounting for 50.9% of all workers.
This shift underscores the need for landlords to be prepared to accommodate renters who may not have conventional income streams or employment histories, presenting both an opportunity to expand the tenant pool and a challenge in mitigating rental income loss as a result of rent defaults.
However, with the right tools and strategies, landlords can confidently welcome these tenants
while safeguarding their rental income and profits. Here are the top three ways to protect your rental income and minimize risk when renting to non-traditional tenants.
1 – Utilize Rent Coverage from The Guarantors
For many landlords, traditional screening criteria such as credit scores and steady income sources are vital for assessing risk. But with today’s growing diversity in renter profiles, including unique work arrangements, not every qualified tenant will meet these standards. That’s where The Guarantors’ Rent Coverage product comes into play.
The Guarantors provides coverage that acts as a safety net for landlords by protecting against losses from defaults, damages, vacancies, and lease breaks—all without increasing a landlord’s operating expenses. This service is particularly beneficial when renting to freelancers, gig workers, international students, recent graduates, or non-U.S. citizens, who might not have an established credit score and/or consistent income flow.
For example, consider an international student studying abroad in the U.S. with minimal income and no credit history. With The Guarantors’ Rent Coverage, landlords can feel secure, knowing that missed rent payments will be covered.
Instead of spending your valuable time chasing down guarantors, The Guarantors serves as cosigner, saving you time and minimizing your losses. This solution can be particularly advantageous in markets where student housing is in high demand or properties near universities, where landlords might see high turnover and fluctuating income risk.
The benefit of this coverage extends to tenants far beyond the student demographic; for example, for a freelancer who may not yet have a regular, full-time income, this product serves as a buffer against potential income instability.
Rent Coverage from TheGuarantors can also serve as a bridge for non-U.S. citizens who may have a high-paying job but lack the credit history or social security number typically required for leasing. By stepping in as a guarantor, TheGuarantors makes it possible for landlords to qualify these tenants without added risk.
2 – Implement Comprehensive Tenant Screening
Tenant screening is a foundational step in the rental process that provides landlords with valuable insights into a tenant’s reliability. But not all tenant screenings are created equally when evaluating non-traditional renters. It’s essential to use a comprehensive screening
service that can provide a fuller picture of a tenant’s ability to pay, even if they don’t have a traditional credit or income history.
For example, landlords can call a current employer or previous landlord, to get real time information even if the applicant has no social security number or credit history. This approach can reveal signs of responsibility and financial stability that might not appear in a traditional credit check.
In addition, landlords can order a criminal history report from AAOA using only the applicant’s name and date of birth or contact AAOA for an international tenant screening quote. Landlords can also review bank statements or tax returns, helping to paint a more accurate picture of the
applicant’s suitability as a tenant. Combining tenant screening tools with added, incremental risk mitigation methods like TheGuarantors’ products enables landlords to make better informed decisions when renting to non-traditional renters.
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3 – Offer Deposit Alternatives with TheGuarantors’ Deposit Coverage
Security deposits are a tried-and-true way to safeguard rental income against damage and defaults. However, for some renters, especially those with limited liquidity, a traditional deposit can be a significant barrier. TheGuarantors’ Deposit Coverage product provides a flexible solution that benefits both landlords and tenants, offering tenants a lower-cost deposit alternative while offering landlords robust financial protection.
Instead of requiring renters to pay a full deposit upfront, TheGuarantors’ Deposit Coverage allows tenants to pay a smaller, one-time fee. This product is especially helpful for tenants who might lack the cash reserves for a hefty security deposit, allowing them to keep more of their cash and lower move-in costs. For landlords, it provides the same financial coverage as a traditional deposit, including protection against property damage and unpaid rent, while also helping to attract a broader pool of renters.
For example, freelancers with irregular income or retirees with sufficient savings but no steady
income can move in without paying a hefty deposit, reducing vacancy times for landlords. For
landlords, it’s a win-win: they retain the financial protection they need while offering renters a
convenient, more affordable entry to housing.
CONCLUSION
As the rental landscape changes, more non-traditional renters, including freelancers, recent graduates, and international students, are entering the market. Landlords who can adapt their leasing strategies to attract and retain these renters are well-positioned to benefit from a broader, more diverse tenant pool.
Using tools like TheGuarantors’ Rent and Deposit Coverage products provides financial assurance when renting to high-potential but non-traditional tenants. Coupled with AAOA’s comprehensive tenant screening services, these solutions allow landlords to approach each applicant with a nuanced understanding of their reliability and ability to meet financial obligations.
Incorporating these strategies not only helps protect rental income but also enables landlords to tap into new, promising markets with confidence. By focusing on innovative solutions like these, landlords can maintain a healthy occupancy rate, mitigate financial risks, and ultimately, drive long term profitability in a competitive rental market.
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Written by Kevin Kiene
Landlord insurance costs have risen significantly over the last decade. In just the last four years, the average cost of property insurance has increased by 25 to 45%.
Rising insurance costs directly cut into investors’ returns and can impact investing strategies. To ensure their properties stay profitable, Landlords need to be aware of changing insurance costs and have a plan for dealing with them.
Several factors have impacted insurance costs in recent years. As a general rule, Landlords pay more for insurance than homeowners do. Insurance companies see Tenants as a higher risk than owner-occupants. To compensate for this risk, Landlord insurance typically costs 20-25% more than homeowners insurance.
That said, the cost of both Landlord insurance and homeowners has increased dramatically in the last decade. Several factors have led to this increase, including:
Rising insurance premiums mean increased operational costs for Landlords. This leads to decreased profits and less attractive returns. While some of the added expense can be passed on to Tenants through increased rent, this isn’t always the case.
Insurance costs are fixed. Even if a property is vacant or if rental markets soften, Landlords are responsible for paying insurance premiums. This cuts into cash flow and makes properties less desirable for investors.
Small Landlords and Landlords in high-risk areas are the most impacted by higher insurance rates. Property owners in California and Florida have been hit the hardest.
Extreme weather has caused insurance costs to double or triple in these coastal areas. Many Florida homeowners are paying four times the national average for insurance. In addition, it’s prompting some insurance companies to leave the areas altogether. Experts anticipate that Texas, Louisiana, and Colorado will see similar increases in the coming years.
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Insurance costs aren’t going down and will likely continue their upward trend. Landlords need to be aware of this and proactive about addressing it.
The good news is there are things you can do to minimize the impact insurance costs have on your investment portfolio. Here are some tips for dealing with this new reality:
Landlord insurance is a rising concern for Landlords, but it’s an issue that Landlords can manage with good systems and planning. Effective Tenant Screening and property management are two key ways Landlords can help to keep insurance and operating costs down.
Visit ezLandlordForms.com to start a Tenant Screening, create a Lease, or customize a preventative maintenance checklist. We have tools for every phase of the Landlord lifecycle and can help you get the most out of your investments. Create a free account today.
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