From signing a rental agreement to choosing roommates, here are the things you need to know about renting to roommates as a landlord.
Living with roommates can be challenging. However, as a landlord renting to roommates, things become a little more complicated. You will have to carefully write a lease or a rental agreement. As a landlord living with a roommate, you still have the same rights as if you were renting out the entire unit to them. But there are more things you will need to keep in mind so you and your tenant can be happy. Things such as house rules are essential in situations like these. Let’s see what the most important things to know are.
Renting to roommates: a lease vs. a rental agreement
A lease versus a rental agreement – which is the right choice for you? Although many people think they are the same, they have one key difference. What makes one different from the other is the time for which you will be renting it out to them. A lease is signed for a more extended period than a rental agreement. A rental agreement lasts much shorter than a lease. It is usually signed from one month to the next. With the rental agreement, you can change the terms before you renew it. And, with a lease, you can’t change the rent price until it is over.
A lease can give you security for a more extended time. You don’t have to look for a new tenant and have secured income for a while. But, as a landlord renting to roommates, a better choice may be signing a rental agreement. In case you don’t like living with your roommate, it makes it easier to part ways. The fact that you rent to your roommate does not give you the right to evict them if you do not like living with them. That’s why a short-term contract is the better option for you. You can change the contract terms for the upcoming month if there is anything you wish to change.
What you need to have in your rental agreement or lease
In your rental agreement or lease, you can add helpful information for you and your roommates. Most importantly, it should contain the cost of the rent. Aside from that, you can have it written down when you want the rent to be due. If you want your roommate to leave a security deposit, write this down. You must, of course, include some basic information about yourself and your roommates. You can use this opportunity to write down some basic ground rules. Write down on what date your new roommate can move in. As experts from statetostatemove.com advise, staying organized during the moving process is crucial. Your new roommate will move in stress-free and can start unpacking on schedule.
For example, you can write down whether pets are allowed and under what terms. Another essential thing to include is maintenance. Even though you are living together, you still have to give them notice. You will have to tell them whenever you want to do repairs, upgrades, and other maintenance. Write down the number of days you will let them know beforehand. In the agreement, you can talk about basic house rules. You can write down things such as whether smoking is allowed or not. When you clearly define these things beforehand, you ensure you don’t encounter any problems later.
Choosing a roommate as a landlord
Finding the perfect roommate may seem impossible at times. When renting to roommates, you want to live with someone you can trust. Plus, you want to live with someone who keeps their home as tidy as you do. All of this may seem challenging to find in one person. However, with careful selection, you can find the ideal roommate to rent to. Before you make a final decision, contact them a couple of times. You want to see what kind of person they are and whether you have a similar lifestyle. Ask questions to see how reliable and trustworthy they are. You don’t have to be friends and like the same things. However, having the same viewpoint on parties and house guests is essential.
Even if someone seems like the perfect roommate, talk with multiple people. In case your first choice of roommate backs out, you will have someone else to call. You might be pleasantly surprised and find someone better than your first choice. Either way, you will be more comfortable with your roommate choice when you know you took the time to meet multiple people. One of the things that can help is to ask them for references. You can ask their friends or former roommates for their input. You will feel good about your choice when you know some people can say positive things about your new roommate.
Be prepared for emergencies
Sometimes, things don’t go as planned. There’s always a chance of your roommate suddenly leaving. They may accidentally cause damage to your property. That’s why being prepared for emergencies is very important. A security deposit is a valuable tool for securing the safety of your property. If your roommate moves out and doesn’t fix any damage they may have caused, you will be prepared. You won’t have to break the bank to get your property in good shape for your next roommate.
As a landlord, it’s best to leave some money aside if you can. Finding a new roommate can take a long time. And, during this time, you want to be secured. That’s why creating an emergency budget for this problem is crucial. Even if you find the perfect roommate, it’s still a good idea to have a lease or rental agreement. This will give you safety as a landlord.
To sum up
Being a landlord and renting to a roommate has its challenges. It is much different from a couple of roommates living together and paying rent to their landlord. You will have to be more careful with your choice of tenants. And you will have to find the fine line between being a landlord and being a roommate. But this doesn’t mean that being a landlord and a roommate simultaneously is impossible. It can be great. When renting to roommates, all you have to do is carefully select them and sign a contract. Now, you know you are secure and have found the perfect person to live with.
Besides shelter, your rental property should keep your tenants secure. Read on to learn how to improve the safety of your rental.
We all want to live in a safe place, but as a landlord, you are also responsible for maintaining the safety of someone else's home. You also have an obligation to protect your business's valuable assets. You have a legal responsibility to take reasonable precautions to keep your tenants' homes secure because a break-in is upsetting for everyone involved, especially in the case of furnished dwellings. Although it's unsettling to think about, burglaries do happen to people, and ignoring security concerns won't make things better. In order to improve the safety of your rental, you don't have to break the bank, and there are many options available.
Secure the door
What is the most important thing you provide to ensure the security of your tenants? If the exterior doors of your building are not secured, burglars and other unwanted guests will have easy access to your tenants and their belongings. Make sure the door locks are working, and the doors are closing properly.
Deadbolts are a more robust security measure than a doorknob lock alone. It could be a good idea to place a peephole in the door, so your tenants can see who is knocking.
Keep the windows secure
Rental homes may have multiple entry points, including windows. If the windows aren't locked, burglars might easily break into the apartment, especially if it's on the ground floor or second floor.
Make sure that all of the locks on your windows are fully operational and in good condition. Add window bars for your tenants' peace of mind. It's possible that some people will turn down your offer just because of how they look.
Set up smart locks
Smart locks require tenants to enter a PIN to enter their homes. Some people want a key fob in addition to the code for further security. These smart door locks are useful for evicting tenants when their lease is up. To prevent the previous tenants from entering, update the code.
If you frequently lose your keys as a renter, this is a great solution. They need only learn the code once to never be shut out again. You'll also benefit from this excellent news because you won't need to employ a locksmith or grant them entry to your property.
Add to or improve the lighting
Having adequate lighting is a simple way to improve the safety of your rental. Safer pathways and more aesthetic outdoor areas are two benefits you can reap from installing automatic lighting. Having a safe rental will usually retain your tenants longer. Look around the rental property after dark to see if there are any areas that could benefit from extra light. Make sure there is sufficient lighting around your home to see everything on the property, even if your tenants don't turn on their outdoor lights. Pathway lighting will ensure the safety of residents walking to and from their homes after dark, and floodlights are an excellent option for lighting the sides of a structure. Think about installing solar panels to cut down on your monthly energy bills.
Set up surveillance cameras
Formerly prohibitively expensive security camera installations are now more affordable for homeowners, giving you and your tenants more peace of mind. Tenants are prohibited from installing security cameras inside their unit, although they can be used to monitor the front door, stairwells, and back of the building. Because of this, cameras are effective even when they are not actively recording.
Establish a safety system
A security system is an expensive investment, but it will help you feel protected in your own home. You can find a security system that fits your needs and budget since there are several options to choose from. You also have the option of choosing a home security company. As there are many of them to choose from, you should find an adequate solution to your problems and needs. Door and window sensors, smoke detectors, and motion-detecting lights are all essential components of a comprehensive security system, so keep those in mind while you shop.
DIY security devices are convenient since you can easily set them up and access them from afar. As long as you're connected to the device, probably through an app on your smartphone, you'll be able to use it. Monitoring costs are usually not too high on a monthly basis, although some tenants may be willing to pay more for peace of mind.
Make exit points accessible
One easy way to deter unwanted visitors is to maintain a spotless entrance and exit to your rental home. Trim massive bushes, so they don't block the view of your house from the street. If you're worried about potential criminal activity, you might want to install surveillance cameras at the entrances and exits of your property. By keeping all exits and entryways unobstructed, we ensured that first responders could get to the scene quickly and residents could get out safely.
Employ the services of a property manager
Hiring a property manager can give you peace of mind whether your building is empty or occupied because they will be responsible for the building's upkeep and security while you are away. Experts at consumeroponion.org suggest that you look for different providers and services online. A property manager can help with issues like maintenance, problem-solving, and security if you are unable to be physically present at the rental property.
If you want to make sure your rental property is in good shape and improve the safety of your rental, you can ask the property manager to do random inspections on the tenants. They might even show up when the place is deserted to send a message to would-be burglars that someone is keeping an eye on things and using the space.
At the end of a lease, collect all keys
Never allow your renters to leave with the keys to your rental property after they have moved out. While your renters may have been reliable and pleasant, you never want extra keys lying around.
You never know where the keys will wind up. When your renters leave, meet with them to inspect the unit and hand over the keys. It may take a few hours out of your day, but it will significantly improve the safety of your rental.
Are you ready to create a perfect home office in your new residence? Here’s how you can do it in a few simple steps.
Whether you're just starting your own business or have been working from home for years, having a home office in your rental can make working from home more enjoyable. Whether you're renting an apartment or a house, these tips will help you get set up with the best possible working space.
Choose a good location
Once you've decided on the type of space that will work best for your home office, it's time to find the perfect spot. There are many factors to consider when choosing a location for your home office.
It's all about the lighting
When setting up your home office, it's all about the lighting. Once you find a new home and start furnishing it, you want to create an environment that is inviting and comfortable for you to work in. To do this, you need to keep in mind the following:
Get creative with storage solutions
The first thing you should do is make sure your storage solutions are up to snuff. This can be challenging if you don't work from home full-time and just need the occasional space to work on some paperwork. But it doesn't have to be impossible. For example, if you have bookshelves at home already, consider using them as storage for your office supplies instead of in the living room where they usually go. It will save space and keep things organized.
Another thing you should consider is using a small table in your living room. It would make an excellent surface for storing paperwork or other materials that are easy to reach. If neither of these options works for you, try hanging a shoe rack from an unused wall; this is especially helpful if your rental unit has limited closet space. Finally, if all else fails, plenty of wall-mounted shelves are available online that can make bare walls look like they were meant specifically as storage spaces!
Invest in quality furniture
When setting up your new office, it's crucial to invest in good quality furniture that will last. You want to be able to enjoy your space for a long time! Before buying furniture for your home office, consider the following:
Decorate with plants and other natural elements
For all of these reasons, it's important to decorate with plants and other natural elements. Plants can help improve air quality, reduce stress, purify the air, and save money on heating and cooling bills. On top of that, they can also help you cut down on your energy bill by providing shade from the sun and a break from the wind. This is particularly useful if your office doesn't have much ventilation.
The benefits of incorporating plants into your home office design don't stop there! They give off oxygen which helps keep us alert. And if you're a plant person like me, then it's nice having something green around too.
Choose a neutral color scheme for your walls
When renovating your new home, especially the home office, consider choosing a neutral color scheme for your walls. You want to choose a color that will go with anything and one you won't be tired of looking at years later. For example, some prefer bright colors like red or yellow in their home offices. Mainly because they feel more energized when they look at them. However, if these colors aren't your style or don't reflect your personality well enough, the room may not feel like yours.
It's better to choose something neutral, like white or light gray, so it can complement any decorating scheme without being overpowering or distracting from other elements in the room. However, if you have time to plan when you move into your apartment space (or even tap into your creative side), consider painting one wall as an accent color. This way, it won't detract from anything else in the room but adds another dimension for visual interest!
We hope that these tips have helped you get started on creating your dream home office. Remember, there's no right or wrong way to do it! As long as you take the time to think through what kind of space best suits your needs and how you want it decorated, then any mistakes along the way will be easy enough to fix. Most importantly, you enjoy working in this space so much that it feels like home, even when you're not at home.
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Want to keep tenants on your rental properties? Read this list of 7 ways to raise your tenant retention rate now!
It’s the priority of every landlord to keep high-quality tenants in their properties. Tenants that don’t cause trouble and always pay their rent on time. That said, however, you won’t be able to find perfect tenants every single time. Still, it’s also important to remember that tenant turnover is one of the most expensive parts of rental properties. As such, landlords generally need to avoid tenant turnover as much as possible. To help you with this, we’ve put together a list of 7 ways to raise your tenant retention rate.
Thoroughly screen tenants before accepting them
First up on our list of the seven ways to raise your tenant retention rate is finding good tenants in the first place. Screening your tenants before allowing them to stay on your property is the best way to ensure they won’t cause trouble and you won’t have to kick them out. So, do a background check, verify their income and look into some tenant references. When talking to the tenant references, ask them questions such as: were there issues with the tenant, did they pay rent on time and in full, how did they maintain the property, and would they rent to this tenant again? If you don’t like what you hear, it’s probably best to decline the tenant. Additionally, consider some staging tips for your rental property to attract tenants in the first place.
Keep rent increases consistent and fair
As a landlord, one of the priorities for your rentals is to bring in profit. As such, it’s understandable that, over time, you’ll increase the rent rates to stay profitable. However, prices rising suddenly and by too much can scare off a lot of tenants. Try to keep the increases smaller and introduce them over more extended time periods. Additionally, do market research and justify your reasons for increasing the rent. A good rule of thumb is to keep the rates lower than market rates and implement them slowly. Additionally, experts from Peasley Transfer & Storage advise that, if you do have to turn over a tenant, there are benefits to having a storage unit on standby. A bit of extra space never hurts.
Give incentives for lease renewals
One of the most important ways to raise your tenant retention rate is to give incentives for lease renewals. After all, your tenants renewing their lease means they will stay on your property, which should be a priority. The most effective incentive is, of course, a discount on the rent. However, this isn’t always an option, and you must get creative. For example, you can consider partnering with companies to offer your tenants deals and other similar things. Remember, you need to keep your tenants interested, so whatever offer you make, you need to make sure it’s something they’ll consider.
Keep an eye on the rental markets
Local amenities are a big part of retaining your current tenants. If your properties start to get outdated, tenants will look for better places to stay, and you will lose them. As such, it’s essential to constantly monitor the local rental markets and stay up to date with your properties. Remember, upgrades to your rental properties are investments and will pay for themselves in the long run. Of course, questions like should you install smart technology in your rental property are good to ask. But, generally speaking, the answer is usually yes, especially if other properties in the area are starting to do it.
Make maintenance a priority
Nobody wants to stay on a property that is falling apart, and that’s completely understandable. This means that you should always prioritize maintenance for your rental properties. Be proactive with your maintenance, and make it a routine that you stick to. If some unexpected problems occur, whether it’s a complete accident or the tenant’s fault, make sure to fix them as soon as possible. Of course, avoiding emergency repairs is the best way to deal with them, and if a tenant notifies you of an issue, it’s important to answer promptly and get it fixed. This also builds trust and shows that you are a professional, which are both excellent for tenant retention. Finally, if you need to change the flooring on your properties, consider how to choose the right flooring for your rental property. These things are going to keep your tenants happy and in place.
Provide quality customer service
No matter how you look at it, customer service is essential for all businesses, and rentals are the same. If your tenants feel heard and valued, they will likely stay on your properties. This starts as early as their move-in date. You must provide all the information your tenant needs to move into the property. From there on, make sure to listen to their requests and worries and reply promptly. If any sort of issue arises, answer them as quickly as possible and see that they’re solved just as quickly. And when dealing with problems or general maintenance, keep your tenants updated on the progress. Remember, everyone likes being heard and valued, and it goes a long way for your tenant retention rate.
Be professional but also personable
Every landlord has measures and punishments for damage to the property, missed payments, and other issues. It makes sense, as they need to enforce the lease rules to stay in business. However, remember also to be understanding with your tenants. For example, if your best tenant happens to miss a payment, try to check in with them. See what the problem is and try to find a solution instead of immediately resorting to punishments.
7 ways to raise your tenant retention rate – wrap up
Landlords need to ensure their tenants stay on their properties to avoid losing profit. Thankfully, there are quite a few easy ways to increase retention rates if you’re willing to put in a little effort. We hope that this list of 7 ways to raise your tenant retention rate helps you out.
Wondering what kind of floor is best for rental property? Read this guide on how to choose the right flooring for your rental property now.
Choosing the flooring for a rental property can turn out to be a difficult choice. After all, picking out the right flooring for a rental is much different than choosing for your own home. Replacing the flooring in a rental property is an investment, and you want to ensure it pays off. As such, making the right choice is vital to your long-term success, and you should consider it carefully. There are a lot of factors that go into this choice, and you need to consider all of them. To help you out, we've put together a guide on how to choose the right flooring for your rental property.
Choose based on location
When trying to choose the right flooring for your rental property, you should consider the location. This is because certain types of flooring are better suited to different environments, and you can feel the difference. For example, if your property is in an area that is hot and humid, tile flooring is the best choice. Hardwood flooring is typically considered the best option; however, there are certain situations where other choices are better. As such, look into what every type of flooring offers. Pick the one with the most benefits in regard to the surface you will be laying it on. Little things like this are a big part of making your property more attractive to renters. Your main goal, after all, is to attract tenants to your property and always have someone staying there. So, using everything you can to make the property attractive should be a priority.
Choose based on target clientele
When you want to choose the right flooring for a rental property, you have to consider what kind of clientele you want to attract. For example, if your property is a high-end rental, the tenants will expect lovely flooring. Luxurious flooring is required for high-end rentals; therefore, you should consider options such as hardwood flooring or other durable and fancy floors. On the flip side, if you're targeting tenants in a less fancy area, you can get away with cheaper flooring. Remember, you should only invest in your property as long as it's profitable. So, for less valuable properties, you're better off choosing low-maintenance flooring. Additionally, experts from 24/7 Logistics Services note that you should be very careful when moving new furniture into your properties. After all, you want to ensure that the property doesn't get damaged, and flooring gets damaged quite easily when furniture is transported onto the property.
Think about being pet friendly
Do you plan on allowing tenants with pets in your rental property? Well, you should know that this limits your options quite a bit. All in all, all flooring options that can trap shed hair are out of the question. Additionally, you shouldn't use flooring which is susceptible to stains. This leaves you with three choices: laminate, hardwood, and tile flooring. These three options are the best for pet-friendly properties since they don't trap shed hair and are very easy to clean. Laminate is a particularly good fit as it's also relatively low maintenance in the long run. However, when you are interested in keeping your property in good shape, you should also consider some tips for preventing water damage in your rental home. The less you worry about maintenance, the better in the long run. So, consider how you can protect your investment early on.
Invest in durable flooring
Are tenants frequently changing in your property? Then you might want to consider durable flooring. This is because short-term tenants don't take as much care with the property as you might like. Unfortunately, this leaves the property at higher risk of damage, and damage to the floor is quite common. Additionally, if you're frequently changing the furniture in the property, durable flooring is also a good choice. The most durable floors you can find are laminate, linoleum, vinyl tiles, and vinyl sheets. Durable flooring is generally fairly low maintenance, so you can get more than one benefit from the investment. However, remember to think about where to put the furniture in the property while installing the new floor. You can also consider disassembling furniture to make it easier to move and avoid any possible damage to the furniture during transfer. Transferring your furniture while it is in pieces is also safer for the flooring.
Consider low-maintenance flooring
Low maintenance flooring generally has the highest return on investment rates when compared to other flooring types. This is because you don't have to put much effort into maintaining this type of flooring. We've already mentioned laminate, linoleum, vinyl tiles, and vinyl sheets as part of this category. However, for more (and some cheaper) options, you should consider engineered hardwood, carpet, cork, and floating wood tiles. The longer you can put off maintenance, the better, and these flooring options serve that purpose quite well. And when it comes to saving money, you should also consider ways to save water at your rental property. You'd be surprised how much of a difference saving water can make in your profits. So, do your research and implement multiple ways to save more money in the long run.
How to choose the right flooring for your rental property – wrap up
Choosing the right flooring option for your rental property can significantly affect how successful the property is overall. It might come as a surprise, but flooring plays a huge part in attracting tenants and as such, making the right choice is vital to your property's long-term success, especially if you change tenants frequently. The decision can come down to several factors, but what's important is that you do your research and consider every option carefully before coming to a final decision. After all, changing the flooring can take a while, so you should avoid having to do it often. We hope this guide on how to choose the right flooring for your rental property helps you come to a decision, and we wish you a good day.
Concerned about water damage on your rental property? Read our list of 7 tips for preventing water damage in your rental home now!
Water damage is a serious problem across many US homes, causing billions of dollars' worth of damage every year. The reason that water damage is so prevalent is that every home has running water. To make things worse, water leaks are very hard to detect before more extensive damage is already done. Untreated water leaks are especially harmful in rental properties, as they can seriously affect the investment and livelihood of the landlord and property manager. So, to help you avoid issues with your rental property, we have put together a list of 7 tips for preventing water damage in your rental home.
1. Inspect plumbing yearly or biannually
The best way to deal with plumbing issues is to catch them before they become more severe. As such, inspections are essential to preventing water damage in your rental home. After all, most leaks and old pipes have warning signs before they burst and start flooding. So, the only way to miss them is to neglect regular inspections. Or, if you are doing regular inspections, they aren't thorough enough to spot the problem. Make sure to hire experts, or if you're doing the check yourself, make sure you know what you're looking for. And while we're on the topic, you should know the difference between normal wear and tear vs property damage. We recommend that you perform these checks yearly, but biannually can also work.
2. Inspect the roof, chimney and attic
It can be easy to focus solely on the water damage inside a home. However, water damage can just as easily come from outside, especially in states with a lot of rain. Regular checks of your roof, attic and chimney can reveal wear and tear, which can quickly evolve into more severe issues. You should do this check biannually; however, we recommend inspecting the outside of your home after every heavy rainfall or snow. Additionally, if you're someone who's moving into a rental property, experts from heartmoving.us recommend doing a check as soon as you move in to make sure. After all, you don't want the damage to be blamed on you, so prevention is in your best interest too. Landlords are advised to perform a move-in inspection and note all pre-existing damage on a checklist.
3. Regularly clean and maintain gutters
Another common source of water damage is the home's gutters. After all, the point of gutters is to direct water away from the house, which is a good thing. However, when they're not cleaned or get damaged, gutters can have the exact opposite effect, and they can retain water. If water gets stuck in your gutters, it can cause severe damage to your roof in the long run. As such, after every heavy rainfall, or every few months, you should ensure the gutters are cleaned and well maintained. Remember, the most common issues of this problem are ice damming and gathered debris. As a tenant, you can easily do a check yourself, but be careful not to damage the gutters yourself while checking. As for property owners, remember that keeping the property well maintained is an excellent way to make your property more attractive to renters.
4. Insulate the pipes
Even if your tenants take excellent care of the pipes in your property, or if you give them guidelines on how to do it, problems can still happen. As such, installing pipe insulation is the best way of preventing water damage in your rental property. Sure, this isn't the cheapest thing to do, but the price of having the insulation installed is tiny compared to how much you'd have to pay to replace burst pipes. As for tenants, always be careful how you use water fixtures around the home. The tiniest mistake can lead to serious consequences. And if you're planning to move out of a rental property, especially when it comes to apartments, you want to make sure you leave everything spotless when moving out. Landlords should talk to their tenants and remind them that they will perform a move-out inspection, so everything needs to be in order.
5. Maintain basement drainage
If your property has a basement, it's crucial to ensure no water gets stuck in it. It's easy for the basement to flood and for that to go completely unnoticed. However, fixing a basement flood isn't as easy as solving other problems around the house. So, making sure the drainage system is working properly is quite important. Regular checks on the drainage system, preferably every few months, should help you prevent water damage in the basement. Also, if the basement is used to store belongings, this becomes ever more important. The last thing you want is to go into your basement and find everything you kept there to be drenched. However, it would help if you also considered how a property manager can benefit from a storage solution.
6. Use a catch basin
Some properties can have issues with water gathering around the base. A good solution, in this case, is to install a catch basin, which will ensure no water gathers around the home's base. A catch basin will effectively redirect the water from the basement and foundation, thus preventing structural damage.
7. Install a sump pump
An excellent way to make sure there's no water building up in your basement is to use a sump pump. Essentially, any water which might otherwise gather in the basement will drain into the sump pit, which you can later pump out a distance away from the house. However, keep in mind that sump pumps must also be maintained regularly to work properly.
Water damage is one of the common issues in properties all across the US. However, avoiding this kind of damage is very important for rental properties, as the damage can seriously lower the property's value and the landlord's investment. So, it's imperative to do your best to prevent it both as a tenant and a manager. Fortunately, most ways to do this are straightforward, only needing regular checks to ensure problems don't become serious or stop them outright. We hope this list of 7 tips for preventing water damage in your rental home helps you avoid water damage, and we wish you a great rest of your day.
These tips on how to save water at your rental property will reduce impact on the environment, and reduce your bills.
Whether you’re renting a home or an office, one thing is for sure – you want to save money on bills. Paying attention to how you spend water at your rental will save you money and protect the environment. So, what are the ways to do something good for the planet and reduce your water usage? Well, here are the main 6 ways to save water at your rental property and be a good citizen of our planet.
Reasons to seriously consider saving water from now on
Not all people understand the importance of paying attention to how much water their household spends daily. Here are the reasons to start spending water more conscientiously:
How to save water at your rental property? Six top ways to be more water-conscientiousIf you’ve never thought about it, saving water on a daily basis may seem impossible or even difficult to do. However, the truth is a lot different. Small habits can make a big impact, and they won’t bother you but quickly become a part of your daily routines.
1. Deal with the leaks
The first thing to do in your rental property is check for any leaks. Even the least noticeable ones can be a big water waste after a long time. Remind your landlord or do it yourself – every home’s plumbing should be checked once a year. Sometimes, tiny leaks are not easy to notice, and they can waste so much in the long run. Also, leaks can cause a lot of damage to your appliances, cabinets, and other items in the kitchen or bathroom. That’s why it’s necessary to do regular checks of the whole plumbing system in your home or office.
2. Go for better water fixtures
Modern water fixtures can provide better pressure and even help you save water at your rental property. They are perfect for tenants searching for a home where they will try to reduce the amount of water when doing the dishes or showering. Replacing them doesn’t need to be expensive or difficult, but it can be a big change in the long run. Consult with your landlord and talk about replacing the faucets and showerheads in your rental property.
3. Save when doing laundry
Doing laundry is another task that can waste so much water if we’re not careful. Some tips can help you save:
If you’re about to move house, don’t forget to save water while packing. Experts from Triple 7 Movers Las Vegas suggest carefully wrapping and protecting your clothes and other items, so you don’t need to wash them before and after the move. Dust and dirt are common when moving long-distance, so extra protection will go a long way.
4. Turn off the tap when not needed
Several daily tasks in your bathroom can waste so much water. Turn off the tap while brushing your teeth, washing hands, and taking a shower. It would help if you brushed your teeth for a couple of minutes. There’s no need for water to be running the whole time. Use the tap wisely and use it only when you need to rinse the products of your body. It’s a simple habit that can truly make a difference to the water bill.
5. Save when doing dishes
One of the best ways to save water at your rental property is to run full cycles in the dishwasher. Modern dishwashers are environmentally friendly and spend less water than you would need to hand-wash the same amount of dishes. Make sure you fill the dishwasher and do full cycles each time. However, not all rentals have a dishwasher to create more space when organizing a small kitchen. In this case, you’ll have to be more practical with hand washing. Carefully scrape food leftovers, fill the sink, wash the dishes altogether and then rinse them. Avoid washing the dishes one by one while the tap is constantly running. This method wastes so much water!
6. Cool water in your fridge
If you drink tap water, the chances are you left the water running until it cools down a bit before pouring it into the glass. Water gets warmer in the pipes, so some people need to cool it down before drinking it – but that’s a huge waste of water. In the summer months, the amount of water waste this way can really add up. Instead, you can pour it directly into a jug and place it in a fridge to cool down. This way, you’ll always have cold water at your disposal without making a huge waste.
Being environmentally conscious is about implementing small habits to create a lifestyle. As you can see, these simple ways to save water at your rental property are not difficult to do, so you can start practicing them even today and do something good for our planet.
Whether you’re renting out your house, apartment, condo, or townhouse, you’ll obviously want to attract the best possible tenants. There are several ways to make your property more appealing to prospective renters, such as undertaking repairs, making upgrades, and improving aesthetic features. It’s also important that you market the property as effectively as possible and portray it in a good light.
Clark Real Estate can help you with all of this through their full-service propert management services. However, it never hurts to get a thorough idea of what it takes to make your property more attractive.
Repairing as Much as You Can
While most renters are open to a property that isn’t exactly perfect, leaving major repairs undone is usually a big minus. At a minimum, the utilities must be working properly, and the entire structure should be protected from the elements. There are federal and state laws that specify the minimum requirements of a dwelling, so make sure those are all met to avoid legal troubles.
Aesthetic repairs are a bit of a gray area, since some tenants may be less offended by minor flaws, such as chipped paint, dents, or marks around the house. However, larger issues, such as holes in walls or damaged appliances, can make properties much less attractive, even if the dwelling is sound overall.
Upgrades Are Appealing
If it’s within your budget and it makes sense for the neighborhood, upgrading appliances and fixtures can make a big difference in who’s willing to rent your property as well as how much you can expect to charge. Newer appliances are enticing to potential renters and can make the entire property seem more attractive. If the property is older, replacing tiles and locks, crown molding, repairing or replacing stair rails, and redoing older fixtures, such as doorknobs or light fixtures, can help you find a tenant more quickly.
Managing Your Property and Business
Being a landlord can be a stressful but rewarding process. If you have prior real estate experience or like to be hands-on, and you have the time, you may want to manage the property yourself. However, using an experienced property management agency like Clark Real Estate to collect rent, coordinate repairs, and communicate with tenants can be a relief if you're generally busy with other things or don't want to deal with tenants directly.
Marketing the Property Well
How the property is marketed has a big influence on how quickly you’ll be able to find a new tenant. Advertising online, using realtors, and placing listings in local newspapers and publications are common and straightforward methods. However, potential tenants may also enjoy physical marketing materials, such as brochures. And don’t underestimate the power of social media. This is a great avenue for marketing your property. Take Instagram, for example. This is one of the top social media sites, and it’s a great platform for showcasing your property. If you’re all thumbs with social media, that’s okay! Free online tools make it easy to design Instagram posts with the help of customizable templates. You can also choose from a library of fonts, images, graphics and colors to make your design stand out.
Although many renters just want a place to live, you’ll be able to command the highest value by upgrading everything you can and making sure big repairs are handled before advertising your property. Market the property in a way that renters can appreciate and that highlights the best features of the property. And make sure you’re prepared to manage your property, or pass it off to the experts at Clark Real Estate.
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Suppose you've decided that this is the year to achieve your business dreams from your home because you realize all the benefits that come with doing what you do best as and when you see fit. But there's one glaringly obvious problem - your current home is too small. Here's how to make the necessary changes, so you can accommodate both.
If you're looking for a new home in the Reno/Sparks area, visit our Reno Property Management website.
Check if it is allowed
Before you even decide on a home where you can run your business, you'll first have to check if it is allowed. This would entail checking the rules of business zoning in your area to see if you can operate your business from your home premises. Furthermore, you may have to apply for a special license or permit depending on the type of industry you're in. So best to have these all checked out before you even resume operations so that you don't end up entangled in all sorts of red tape before you even begin.
Check your budget
Your budget will also have to be tailored to take into account your move, what with all the extra expenses that will be involved in moving your business and its belongings over with you. For example, you may need to take out extra insurance depending on the coverage provided by your moving company if the coverage they do provide is insufficient. Also, your budget is going to have to cover all the extra expenses associated with moving and if you're moving to a new state then the additional cost of living expenses will need to be taken into account too.
Finding a property that will meet all your requirements
Finding a property that is going to meet all your requirements is going to be something else to think about too. After all, it's going to have to be big enough to cater to both your business and your family. Furthermore, it may have to have additional rooms for a home office, for example, and it may also need to have ample parking space or access to ample parking space if you are going to have clients visiting every now and again.
Make sure you have all the basics covered
If you are planning on going full steam ahead with your business operations as soon as you're settled in, then you'll want to make sure you have all the basics covered as far as equipment and furniture goes. When thinking of choosing the right furniture for your home office, you should combine practicality with style to ensure that you are as productive as possible in your home office.
Then, you'll want to think about investing in the necessary software to run your business smoothly. You will require an easy to use bookkeeping system to ensure your accounting efforts are up-to-date at all times. Here, we're referring to accounting software that allows you to store and organize your receipts adequately so that you can benefit from tax savings down the line whilst adhering to the applicable tax legislation. It should also provide you with the tools to manage your cash flow better so that you stay on top of incoming and outgoing expenses.
These are just a few of the major deliberations that need to be had before you think about up and moving everything somewhere new. But it's vital that you do to ensure you have the wherewithal to not only cope but thrive during this new transition.
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Learn about the questions to ask when viewing a rental property so you can ensure that you rent the best possible home for you and your family!
Finding a home is a tiring and challenging task. Even if you rent a property, it is still a place where you will spend a part of your life. So, naturally, you want it to be perfect for your wants and needs. To help you find one such place, here are some questions to ask when viewing a rental property.
How and when should I pay rent?
Different landlords have different preferences when it comes to paying rent. This is why one of the most important questions to ask a prospective landlord is how they expect you to pay and when. After all, it makes a difference. If your landlord expects the rent on the fifth of every month, it will affect how you budget your money until the end of the month. If you need to pay your rent around the thirtieth, when you typically have the least amount of cash on hand, you have to plan before it. Similarly, some landlords like to get cash in person and might visit or require you to visit them. While some prefer you transfer the money to them online.
Can I expect the rent to change?
Asking whether the rent will change in the future is essential, especially if you plan to live somewhere long-term. Living in a 'perfect' apartment for a couple of months only to have your rent nearly double all of a sudden is the worst. If you can't afford the new price, you might need to move out in a hurry. This is why a wise sub-question is: Will you inform me at least a month or two of your decision before you change the rent?
How much are the utilities?
Sometimes, you come across a place for rent that seems like it’s come straight out of your dreams. The property is beautiful, the rooms amazingly organized, and the furniture and appliances in top condition. Even the rent might be low! You rent it out quickly and live your life in bliss for a month. And then you get hit by the sky-high utility bills. Another intelligent question in the same vein is whether there are any outstanding utility debts because they can either land on your head or increase the cost of your utilities.
Will you help with any repairs?
Knowing who is responsible for what is critical when trying to find your ideal rental. If an appliance breaks down, can you count on your landlord to replace it? What about if a leak suddenly pops up in your bathroom? Or if there is a problem with the roof? If you do not clarify such things beforehand, you might have to spend a lot more money than you originally planned to.
Can I freely decorate?
Everyone wants to feel at home in the place they're renting, and there are many things to do after moving that can help them feel that way, from unpacking and cleaning to decorating. It's important to focus on these steps and make your rental feel like home, but be careful with decorating. Some landlords do not like it when you make too many changes. So, make sure to clarify how far you can go.
Do you allow pets?
Do not assume that just because your landlord hasn't explicitly told you that you couldn't keep a pet, you can do it. The subject might not even come up unless you bring a pet to viewing. And if you get a pet or already own one, you may be in trouble if you haven't discussed it with your landlord. If you want to find the best possible rental property for you, one of the most important questions to ask when viewing a rental property is whether or not pets are allowed.
How often will you visit?
Some landlords like to make sure their property is well looked after. Some, however, take this too far and pop in to check on you every other week. If this is something that would make you uncomfortable, then you need to check with your potential landlord and figure out how often they are planning to make visits.
Have you had infestations before?
Among questions to ask when viewing a rental property, asking about previous infestations in a rental is often overlooked. This is a mistake, especially if you are looking for an apartment. Just because you've called in exterminators in apartment buildings doesn't mean your neighbors have. And if they have declined to do it, the infestation will repeat itself frequently. Not to mention that taking care of an infestation might require you to move out and take your things with you temporarily. Disassembling furniture when moving to make it easier to transport is a hassle. Let alone finding a temporary place to stay. So, it may be best to pass up on such apartments.
How new are the appliances?
You might think it's not polite to ask about the age of appliances in a furnished apartment viewing. However, this is a crucial question if your landlord has made it clear that you will need to take care of replacements or repairs. Even if the landlord pays, it will still be a pain if things break down often.
Have neighbors caused problems before?
If there is one thing that can make life a living hell, it's terrible neighbors. One of the important questions to ask when viewing a rental property is whether there have been problems with the neighbors in the past. If the landlord admits to having had problems, or if they get dodgy with their answers, pass up the property. Of course, the landlord, not living on the property themselves, might not know enough to comment on this. So, one of the things to remember when moving out of your rental apartment, if you want to be extra nice, is to leave your contact info so prospective tenants can consult you about your experiences.
Now that you are familiar with the questions to ask when viewing a rental property, the only thing left is to be patient. Never rush into renting a place because it seems nice or because it’s cheap. Sometimes, paying a little more is worth it in the long run. And even the prettiest of rentals might be hiding serious problems.
Clark Real Estate
305 W. Moana Ste C
Reno, NV 89509