There are several important things to inspect before signing a rental agreement. Read about the most important things to look out for.
Moving into a new home can be a fascinating event. But moving away requires a lot of planning and preparation beforehand. One of the things everyone should do before they move into their new home is to inspect it. Knowing the things to inspect before signing a rental agreement can help you decide whether to rent that home. When you check the house thoroughly, you’ll know its actual state before packing your things. You’ll know whether the home's safe and secure and whether it is worth considering moving into.
Electricity is one of the things to inspect before signing a rental agreement
Faulty electricity in a home can lead to severe problems. A house that doesn’t have good electricity isn’t just annoying. It can also be dangerous. That’s why you should always inspect a home's electricity before signing a rental agreement. Check every light switch and lighting fixture when you examine the house. That will help you see whether there are any problems with the electricity. Afterward, try out the appliances. That will help you see whether there are any problems with the electricity and whether the appliances work. You can ask a professional to inspect the electricity before you sign a rental agreement to ensure there aren’t any problems.
Inspect the plumbing as well
Another essential thing to inspect before you sign a lease agreement is the plumbing. Not only can plumbing problems be challenging to deal with, but they can cause damage to the property and your things. Mold in the bathroom clearly indicates something is wrong with the plumbing. In addition, mold is one of the most dangerous things for your health that you can find in your rental property. Water damage on the walls or the floor is another way of knowing whether everything is in order with the plumbing. If there are any issues with the plumbing, take care of them before you move to protect your things from water damage. To protect your items during the moving process, experts from Rockstar Pro Movers advise you to use high-quality packing materials to protect them. That will ensure their safety during transport even further.
Heating, AC, and ventilation
No matter how great the property is, it can be challenging to live in it if the heating and AC aren’t working correctly. Inspect these things to find a home you’ll feel comfortable in at any time of the year. You won’t have to worry when the seasons and temperatures change. Besides this, make sure to check whether they are clean. A dirty AC and ventilation system can be dangerous for your health. If you notice they are dust-filled, ask the owner to take care of them before you move in.
Inspect the paint
Before you start planning your move, check out the home's interior. Take a look at whether there are any stains or scratches on the walls. Even if this is something you can live with, knowing that the damage existed before you moved in is essential. You won’t risk losing the deposit after you move out due to the paint damage. Of course, if you notice any water damage to the walls, notify the owner right away. Once the damage is taken care of, you can move in. If you don’t like the color of the walls, ask beforehand whether you can change it. Asking important questions like these will help prevent problems later on.
Safety and security
One of the most important things about the home you choose is related to its safety. Before you decide whether to rent it, check to see whether it is a safe and secure place to live in. Security cameras and security codes are some of the things to look for. Inside the home, look for a fire extinguisher and fire alarms. If there are fire alarms, inspect whether they are functioning. A carbon monoxide detector is another plus to look for in a home. You can also check out the crime rates for the neighborhood to know how safe the area is. That will help you decide whether to move here or not.
Take a look at the furniture
Don't overlook the furniture if you want to rent a furnished home. That is one of the most important things to inspect before signing a rental agreement. Inspect whether it is damaged or whether it needs cleaning. That is especially important to do with wooden furniture that may have termites. Bedbugs are another severe problem you need to be on the lookout for. In addition, see whether you have all the furniture you need. The amount of available furniture and storage space will help you determine which property to rent.
Moving in after signing a rental agreement
Now that you’re done with the inspection planning, it's time to move. Moving can be a little more complicated if you are moving from one state to another. To save money on your interstate move, downsize the number of things you own by decluttering. After you finish decluttering, it’s time to find the right movers and calculate your relocation costs. You can find expert help in the state to help you relocate safely, even from CA to Nevada. To save even more money on your move, pack efficiently. Put similar items together and use every box to its fullest potential. In addition, make sure to secure the boxes and label them. Not only does this make moving more manageable, but it will also make unpacking a breeze.
These things to inspect before signing a rental agreement are crucial. If you don’t inspect the home beforehand, you risk several things. First and foremost, you risk moving into an unfinished home or needing repairs. Things such as plumbing and electricity can cause several different problems if they aren’t in order. And if you are looking to move into a furnished apartment, the state and quality of the furniture will affect how you feel in the space. An inspection is one of the best things you can do to ensure your safety and comfort. It may take a little organization and time, but it will pay off as you can completely relax in your new home.
Learn what questions to ask your prospective tenant’s references in order to find the best tenant for your rental that won't cause trouble down the line!
Choosing to let someone live in your rental is always a risk. If they cause considerable property damage, then you’ll definitely fail to turn a profit. In order to avoid this, it’s important to know what questions to ask your prospective tenant’s references.
Do they have any pets or bad habits?
The very first of the questions to ask your prospective tenant’s references is whether they have any pets or bad habits. This is a question you can very easily slot into the conversation, whether you got a personal reference, a work reference, or a reference to one of their previous landlords. The latter, of course, will provide the most reliable information. This is especially important if you are renting to tenants with kids since they can be tempted to try to work around your ban on pets by hiding them from you.
Are they violent or cause problems?
This is another one of the questions to ask your prospective tenant’s references, irrespective of who they are. Friends and family will hesitate to say anything negative about them, but even their hesitation reveals a lot. Naturally, if their boss or previous landlord does reveal a tendency for problematic behavior, you should immediately give up on leasing out your rental to them! Even if they claim the person has changed since then, there’s a chance that they’ll revert to their previous behavior. And you do not want to risk your rental in this manner.
What’s their social life like?
While it may seem like an odd or innocuous question, this is very important. You need to know whether your tenant will feel compelled to organize parties or large social gatherings. While they are not an issue per se, frequent parties or too much alcohol can still lead to serious damage being inflicted on your property. And, if you are renting to roommates, it is doubly sure to check both of their references for this potential pitfall. When people room together, the scale of the social gatherings can grow and increase the potential for your rental to get damaged.
Do they make their payments on time?
This is a question you need to ask the landlords listed on your potential tenant’s references. Their rent payment history immediately reveals whether you will have problems with getting your payments regularly. Of course, some allowances should be made. Running late once or twice over a period of five or six years is more than okay. But, if they have a tendency to run late often, or ask for frequent extensions, then your own budgeting suffers. You won’t be able to rely on their payments, and that might not be something you want to deal with.
What can you tell me about their personality?
This is a question you want to ask the employer or landlord of your potential tenant more so than their friends or family. Family or friends tend to view problematic personality traits far more leniently than they should. A former landlord, however, can attest to the quality of their character more reliably. You do not want to rent out your property to someone confrontational. Or someone who makes an issue out of everything. Once a lease has been signed, you are more or less stuck with them, so make sure they have a personality you can stand for the duration of the lease.
Did they take care of the rental properly?
This is perhaps one of the most important questions to ask your prospective tenant’s references. Of course, the only ones who can attest to this are their past landlords. If they haven’t had a previous landlord, and you have their parents as one of the references, you should ask them about the condition of their room at home. The question may seem humorous, but if answered honestly, it can give you a lot of information. Failing that, you can always ask about their tidiness and cleanliness at work. This, too, can provide you with some insight into how they’ll treat your rental.
Were there any unexpected issues?
We have here another question aimed at former landlords. If they ask for clarification, you can ask if any repairs were suddenly needed due to damage inflicted by the tenant. Some damage can be accidental, such as stains or scratches. However, if they’ve broken an appliance or a piece of furniture, it can hint at something worse, even if it was carefully disguised as an accident. If they have a history of breaking things, you probably want to remove your better furniture and decorative pieces. As the experts from hansenbros.com love to point out, they can stay safe in storage for as long as needed.
Did your other tenants have any complaints about them?
One of the best ways to gauge whether a tenant will be problematic is to ask about the complaints of their neighbors. If their former landlord or neighbor can attest that there were no problems, you can rest assured. If there were a qualified property manager looking after the rentals, they’d also be able to provide a lot of pertinent information on this subject. However, you probably don’t want a combative tenant who might disrupt the lives of your other tenants on your property.
Would you let them lease your rental again?
The final of the questions to ask your prospective tenant’s references, if they’re a landlord, of course, is whether they would let them live in their rental again. There is no better way to check whether you want to let them lease out your property. If the answer is no, then even if they’d offered nothing but praise for the tenant previously, you can be assured there was something they’d held back.
Carefully selecting the right tenant for you
By using the questions to ask your prospective tenant’s references well, you’ll be able to find the perfect tenant for your rental! What ‘perfect’ means is different from landlord to landlord, of course. So, make sure to throw in any additional questions you believe are important to you!
Let's learn ways to make kids safe and comfortable in a rental and how to easily turn it into a place where they can flourish and thrive.
Renting a home can be a fantastic solution for families, but it can come with some challenges. When you have kids, safety and comfort should be at the forefront of your mind when renting a home. So what can you do to make your kids safe and comfortable in a rental? With the help of experienced property managers, we did thorough research, and here's how to adapt your new rental so that your kids feel cozy, safe, and fully comfortable; so, if you're ready to take your rental from drab to fab, get ready to let your imagination run wild! Join us as we explore creative ways to make kids safe and comfortable in a rental so your kids can get creative and be themselves.
How to make your rental safe and comfortable for your kids?
As a parent, ensuring that your kids feel safe and comfortable in their home is of the utmost importance. But what happens when that home is a rental? Renting a home comes with its own set of challenges, especially when it comes to making the space safe and inviting for your kids.
However, with a little creativity and effort, you can transform your rental into a cozy and secure home for your family. There are plenty of decorating ideas for rental that you can use as inspiration to decorate to your taste. And when it comes to making your rental child-friendly, we're here to help you. So let's cut to the chase and explore ways to make kids safe and comfortable in a rental.
Child-Proof Your Home
One of the most important steps in making your rental home safe for your kids is to child-proof it. This will reduce the risk of accidents and injuries to your kids. You can start by removing any hazardous items from reach, such as cleaning products, sharp objects, and anything that could pose a danger to your children. Covering electrical outlets and securing loose rugs will prevent trips and falls. It's essential to make sure that all windows and doors have working locks, as well as to install smoke detectors and carbon monoxide detectors throughout the home. This will give you peace of mind and ensure that your children are safe.
Organize Your Home for Safety
Organizing your home can make it safer for your kids. You can use child-friendly storage solutions, such as low-level shelves and drawers, to organize toys and games. This will help to reduce clutter and keep the home tidy. Using labels or pictures to help your kids find what they need and putting things away when they're finished playing will make the home more organized and safer for your children.
Keeping your home tidy and clutter-free is crucial to reduce the risk of accidents and injuries. This is especially true if you have toddlers running around. Get creative with storage solutions in your home, and in case you lack space, listen to the word of advice from the friendly team from Pro Movers Miami and rent a storage unit. It's an inexpensive and efficient solution to keep your home neat and your belongings safe.
Create a Safe and Cozy Sleeping Area
A good night's sleep is essential for kids, so it's crucial to make their sleeping area as safe and comfortable as possible. You can start by checking that the beds are sturdy and in good condition. Consider using a fitted sheet on the mattress to prevent accidents and to make it more comfortable.
You should also have plenty of soft and cozy blankets on hand, especially during the colder months. If possible, try to place the beds near a window to provide natural light during the day. This will create a peaceful and inviting environment for your children to sleep in.
Add Personal Touches
By making an effort to personalize your rental, you'll instantly make it feel like home for both you and your kids. You can add photos, artwork, and other decorations to the walls. This will help your kids feel more connected to the space and make it feel like a true home. If possible, let your kids help with the decorating and choose items that they love. This will give them a sense of ownership and pride in their home and make it more special to them.
Incorporate Natural Light
Natural light can make a big difference in creating a warm and inviting environment for your kids. When renting a home, look for a property that has plenty of natural light, such as large windows or skylights. This will help to create a bright and cheerful environment that your kids will love.
If the property doesn't have much natural light, consider adding lamps or other light fixtures to help brighten up the space. Not only will this create a more welcoming atmosphere, but it will also help to reduce stress and promote better sleep for your kids. And let's not get into the importance of vitamin D for your kids.
Use Color to Create a Cozy Environment
Colors can play a big role in creating a cozy and comfortable environment for your kids. You can use soft, warm colors, such as pastels or light neutrals, to create a calming and inviting atmosphere. Consider adding a pop of color with some bright accents, such as a colorful rug or some artwork.
However, if you want to make sure to get your deposit back, check your lease or consult your landlord about whether you're free to make such changes to the place. If you're not allowed to paint the walls, you can always add some color with curtains, bedding, or wall art. You can even make a fun day out of creating family home art together!
Encourage Play and Exploration
Encouraging your kids to play and explore is a great way to make your rental home feel like a home. Setting up a play area where your kids can let their imaginations run wild is an excellent way to create a fun and safe space for your kids. You can use toys, games, and other activities to encourage exploration and learning. Make sure that the play area is safe and accessible, and keep it organized and tidy. This will allow your kids to play and learn in a safe and comfortable environment.
As you can see, with a little effort and creativity, you'll easily make kids safe and comfortable in a rental. By following these tips, you can ensure that your kids feel safe, comfortable, and happy in your new home. And in case you're still looking for that perfect rental, make sure to reach out to expert property managers. They'll understand your wants and needs and, based on them, help you find a rental that perfectly fits.
Are you thinking about moving to Reno, NV? Whether you’re a current or prospective entrepreneur, Reno is a fantastic location to run a business. The city and state boasts all kinds of wonderful opportunities for entrepreneurs. You’ll enjoy robust community support for small businesses, an educated workforce, and no shortage of local resources designed to help local businesses thrive. In a rocky economy, the value of launching a business in a supportive environment cannot be overstated.
Availability of Rentals
If you’re not in a position to buy a home, renting is a great alternative, especially in Reno. The city has a variety of rental options at price points suited to various budgets. Look for homes in a neighborhood that fit the needs and wants of your family.
Once you’ve chosen a few suitable areas, view online listings to find properties in your price range. Most online rental sites will allow you to filter your search results based on your desired number of bedrooms and bathrooms, so remember to take advantage of these tools! Consider working with us here at Clark Real Estate to find the best rentals in Reno.
Explore this and other reasons you should consider setting up shop in Reno:
If you are a new landlord and don’t know much about renting to tenants with kids, you should check out our article and learn valuable tips.
Renting is one of the most sought-after businesses today. And it makes complete sense—people like not having to work 9 to 5 and being their own boss. Renting gives you the freedom you don’t have with a regular office job. Not to mention that it can be a really lucrative endeavor. So, it’s no wonder people rent their guest rooms or convert their garages into small apartments. While all this sounds great, it doesn’t mean there are no bumps in the road when it comes to renting business, especially when it comes to renting to tenants with kids. This subject has been debated a lot, simply because some landlords often need help when renting to families with kids, especially really young ones. So, if you are a new landlord and are stressing about renting to tenants with kids, you should check out this article and learn a little more about that topic.
First and foremost, you cannot discriminate against families with kids. Not only is it morally wrong, but it is also forbidden by law. While it’s natural to have concerns about kids being noisy and messy, the solution is not to ban them from renting. Chances are the parents will be responsible and make sure their kids don’t break anything or cause problems. If you are still on the fence about renting to tenants with kids, try to look at it from an economic point of view. Not renting to families with kids significantly lowers your income. Millions of people with families today are renters; there are single mothers and fathers with kids. Completely cutting off this type of renter can be a financially terrible decision for you.
Do work on a relationship with your tenants
One simple way to calm your nerves about tenants with kids is to simply talk to them. Try and start a healthy, friendly relationship with them. Share some of your fears with them and explain why you were hesitant to rent your property to them. Most tenants will be understanding. Especially those with kids. It works in their favor to have a good relationship with you. People who have kids don’t want to risk being kicked out of a property due to their kids misbehaving. They prefer being able to stay in one place for a long time because they want to give their kids stability. If you want to get off on the right foot with your new tenants, you can help them settle in. For example, if they are moving to Nevada and hiring movers, you can offer some advice. Tell them to let experts jump in and deal with a moving process and offer to connect with a trusty Nevada moving company you have hired before.
Don’t be unpleasant to them
Sometimes you might not really want to rent to tenants with kids even if it could be financially great for you, but due to anti-discrimination renting laws, you will have to. This can naturally be really frustrating and make you feel angry. However, taking this out on your tenants would be a horrible mistake. Your frustration is no excuse for being rude and unpleasant to them. It is not only wrong, but it can also be really bad for your business. One of the keys to success in the renting business is leaving a good impression and getting good reviews and feedback from past tenants. When a landlord behaves badly towards his tenants, it reflects poorly on his business. Bad reviews from tenants are really damaging and can turn people away from renting your property.
Do make your property child friendly
You can make your property child-friendly in a few simple and affordable ways. This is a nice way to make your tenants feel welcomed and to make sure your rental is safe. The first thing you can do is get cabinet locks. They will make sure little kids can’t reach any potentially dangerous items or liquids in kitchen and bathroom cabinets. These locks are affordable and easy to find in stores. The next thing you can do is get covers for electrical outlets. Electrical outlets can be really dangerous for little kids, so it’s better not to risk it. These covers are also affordable and easy to find in stores. And, finally, don’t forget safety nettings for windows. Kids always run around, and these settings make sure they don’t fall out of a window. This will leave a good first impression on your tenants and attract others to rent from you as well.
Do be understanding when renting to tenants with kids
No matter how responsible the parents that are renting your property with their kids usually are, they might struggle a little during the first few weeks in a new home. This is a big change for kids, and they might be a little noisier or messier due to stress. According to experts at Best Long Distance Movers, moving, especially long distance, is really stressful for kids, and they should be given time to settle in. Try and remember this during those first few weeks. Chances are that once kids settle in, there will be no problems. However, if the bad behavior continues after that, you have every right to raise your concerns and, in the worst-case scenario, evict the tenants. Be patient and understanding but still set boundaries and house rules.
These are some basic dos and don’ts of renting to tenants with kids. As you can see, it can be challenging at some points, but it’s not unsolvable. The key is to be welcoming and understanding but up to a point. There should be mutual respect between you and the tenants. It’s best to talk everything through right at the beginning. Be honest and upfront and expect the same from them. Also, don’t forget the financial element and the importance of getting good reviews from your tenants.
Not owning the property doesn't mean you can't give it your personal touch. Here's how to make your rental feel like home!
Even though you might not own a property, it's only natural to wish it feels yours while you live there. However, this can be challenging for renters in many ways, as renting comes with specific rules. For example, many landlords have a rule against nails on the walls for hanging artwork.
That's why it's vital to ask your specific questions to your landlords before you choose the property, as you're the one who's going to be living here. For that reason, we create a list of ways to make your rental feel like home. Some of these ideas will help you feel more "at home" after a long day at work and simply help you enjoy the space more.
Make your rental feel like home: Directions
Renting a home or apartment can be an excellent option for many people as it gives you freedom and flexibility. Still, it can also feel temporary and lack a sense of belonging. However, for many people, renting is the only convenient option at the moment or the only one that's doable. So, if this is the option you're going for, and you wish to move to a new city and start fresh there, we say: Go on!
Once you pack your belongings, find a team you can trust to transport your belongings safely, and say goodbye to your loved ones, you'll experience a mixture of feelings. In all of that, it's essential to be organized and stay on track. So, once you hire interstate movers for your California-Nevada move, it's time to focus on how you'll get a hold of your life in a new home and environment.
Therefore, if you're looking to make your rental feel like home, there are several simple and cost-effective ways.
One of the most effective ways to make your rental feel like home is to add personal touches throughout the space. For example, hang pictures of your family and friends, put up artwork that you love, and display sentimental items like family heirlooms or vacation mementos. These personal touches will help make the space feel more like your own and add a sense of warmth and comfort.
In addition to hanging pictures and artwork, there are many other ways to add personal touches to your rental. For example, consider adding throw pillows or blankets in colors or patterns you love or decorative accents like vases or candles. These small details can go a long way in making the space feel more like home. Also, magnetic frames are a good solution if landlords aren't keen on putting nails into walls.
Creativity when it comes to storage space
Maximizing storage is key to making any space feel more organized and efficient. If your rental lacks built-in storage, there are many ways to create additional storage solutions. Invest in furniture with built-in storage, like a coffee table with drawers or a bed with storage underneath. Alternatively, you can use creative solutions like under-the-bed organizers for this purpose.
Another tip for maximizing storage is to declutter regularly and eliminate items you no longer need or use. This will help free up space and make the room more open and welcoming.
Lighting is the key
Good lighting can make a huge difference in how welcoming and comfortable a space feels. If your rental has harsh fluorescent lighting, consider replacing it with softer, warmer tones. You can also invest in floor or table lamps to create a more cozy atmosphere.
In addition to replacing the light bulbs, you can also play around with the placement of your lighting to create a more inviting atmosphere. For example, you could add a dimmer switch to your living room to create a softer, more relaxed feel or use floor lamps to add a warm glow to a bedroom.
Plants will make your rental feel like home instantly
Adding a touch of greenery can bring life to any space and make it feel more welcoming. Choose low-maintenance plants like succulents or herbs that can thrive in your rental's lighting and temperature conditions. If you don't have a green thumb, consider getting a plant known for being easy to care for, like a snake plant or a peace lily.
Plants add a touch of nature to your home and have many benefits. For instance, they can help to purify the air, reduce stress, and even improve your mood. So not only will they make your rental feel more like home, but they may also improve your overall well-being.
Invest in comfy furnishings
Having comfortable furnishings can make a big difference in how much you enjoy spending time at home. If your rental came furnished and you chose it based on its staging, you might not have much control over the furniture choices. However, you can still make the space more comfortable by adding throw pillows, blankets, or even a rug to make the furniture feel more inviting.
If you have the option to bring in your furniture, consider investing in pieces that are both stylish and comfortable. A cozy couch can make a huge difference in how welcoming and relaxing your home feels.
Have a home office
If you're working from home, having a dedicated workspace is crucial. Set up a desk or table in a quiet corner of your rental and add personal touches like plants or artwork to make it feel more like your own.
Setting up a home office can help increase productivity and create a separation between work and leisure time. So whether you're working on a laptop or a traditional desktop computer, it's important to have a comfortable and functional space to work.
Don't forget the outdoors
If your rental has a balcony, patio, or yard, make the most of it by adding furniture and decor to create a comfortable outdoor living space. Consider investing in a small grill or fire pit to make the space more inviting and enjoyable. You could also add some potted plants or hanging baskets to bring a touch of nature to the area.
If you don't have a lot of outdoor space, you can still create a welcoming area by adding some seating and a small table. This could be the perfect spot for enjoying a cup of coffee in the morning or relaxing with a book in the evening.
The takeaway from how to make your rental feel like home
Overall, your wish to make your rental feel like home isn't impossible. There are many simple, cost-effective ways to make your rental feel like your own. By following some (or all) of our tips, you can turn your rental into a comfortable and welcoming space that pictures your personality and that you love spending time in.
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.
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.
There is no universal solution to this issue. Many factors come into play if you should install smart technology in your rental property, including the type of rental property you own, the number of units in your building, and the preferences of your tenants. Landlords who want to improve their property's efficiency and the quality of life for their renters may find smart technology a worthwhile investment. But it is essential to weigh the benefits and drawbacks of any smart technology solution before making a choice. Landlords should carefully consider their options because there are many ways to accomplish the same goals without spending money on smart technology.
How does smart technology function in a rental?
Electronic plug adapters and freestanding sensors are external devices that can provide the same functionality as a system hardwired into the house's structure and managed from a central control panel without requiring installation or rewiring. These home automation systems help people build "smart" homes that can be controlled by an app on a user's smartphone or tablet over a wireless, direct connection.
Builders and investors in the rental market are weighing the pros and cons of installing smart home automation systems to, among other things, attract tech-savvy tenants who are willing to pay higher rents and to more actively manage maintenance, increase security, and prevent property damage. Renters who want smart home features but whose landlord is unwilling to provide them can save money by buying their own devices that won't void the lease or cause damage to the property.
Now, let’s go over some pros and cons of smart technology in rental properties:
Safety in the home is enhanced through automation.
If you want to keep an eye on the safety of your property's perimeter and prevent and lessen the impact of structural issues like leaking pipes, then you should set up cameras and sensors. All Season Movers can give you plenty of helpful advice if you're moving to a new, unfamiliar neighborhood. Security systems give tenants peace of mind and assist in preventing unwanted intrusions, but the level of protection they offer depends on the system's design and implementation. For a studio, a door sensor and a smart security camera are enough, but for a bigger home, you may need more sensors to keep track of all the doors and windows.
Remember that you are responsible for adhering to all laws and ordinances in your area and protecting the privacy of your tenants. Camera installation in a rental property requires confidence on both sides, whether you are the tenant or the owner of the rental property. The renter needs to know that you won't be sneaking around in their home.
Automation of energy
Another reason to install smart technology in your rental property is energy automation. Smart technology can alleviate landlords' concerns about their tenants accidentally leaving lights on or the temperature set too high or too low while they are away at work or on vacation. The smart lighting, thermostat, and plug systems all aim to control the temperature in a room, turn off individual outlets, reduce energy waste, and protect the environment. There is also the option of installing energy monitors, which can help you save money by tracking energy use down to the individual room level and revealing any potential energy leaks.
Smart instruments can reduce your maintenance costs by hundreds
Water collecting in one spot can become a serious issue soon. Unfortunately, problems that begin anywhere (the basement, a tenant's washing machine, or even beneath their sink) may go undetected for long enough to cause significant harm.
Smart moisture sensors are affordable, hassle-free insurance coverage that you may install in such areas. With this gadget, you'll be notified as soon as an issue is detected, potentially saving you hundreds of dollars on maintenance. Moisture sensors can be a lifesaver if you own a property with a basement or another potentially hazardous area that isn't monitored or used daily.
Where do you stand with your online connection?
If your Wi-Fi connection is weak, your smart devices won't be able to do their jobs properly, defeating the purpose and making life more difficult for you. Before installing smart connections, you should make sure that your community has the necessary connectivity to support them.
Concerns about safety
One of the cons of having smart technology in your rental property is the question of safety. While smart technology has the potential to enhance the safety of a rental property, it also presents its own set of challenges in this area. Theft may occur, for instance, if you're renovating, so renting self-storage can be a great solution for your items. To mitigate this risk, landlords should only deploy smart devices that have been thoroughly researched for vulnerabilities and patched when necessary. In addition to fixing any problems, they should show tenants how to use the equipment correctly.
Some risks come with putting smart technologies in rental properties, but you can lessen these risks by taking the proper steps.
There is a learning curve associated with using any technology, and for those who aren't up to date on what's possible in the digital realm, smart technology might seem particularly daunting. Because of this, it might help to have analog options for renters who aren't as good with technology or to choose devices with apps that are easy to use.
Numerous high-tech home automation products are currently available. There are benefits and drawbacks to installing smart technology in your rental property. Research the products and manufacturers to find the best fit for your needs before making a purchase. Well-implemented technology may make a landlord's job easier. If you put in the time to learn about your demands and those of your tenants, you'll be able to zero in on some fantastic technological options for your rental home.
Clark Real Estate
305 W. Moana Ste C
Reno, NV 89509
Reno Property Management