Require Your Tenants to get renters insurance
According to a survey by Allstate insurance, 60% of tenants nationwide do not have renter’s insurance. The cost of renter insurance is very cheap, usually $15 to $20 per month, and within the price range for most tenants who are not absolutely destitute. Some landlords are requiring their tenants to carry renter’s insurance because it protects the landlords cash flow. [...]
Rental housing program teaches responsible property management
Comments OffThe Ludington Police Department and the Mason County Sheriff’s Office conducted a rental housing training program for local property owners, rental homes, mobile home parks and apartment communities. One of the most important topics they covered was how proactive landlord behaviors such as tenant background checks can prevent alot of problems.
For example, participants learned one irresponsible or disruptive [...]
Tenant’s Worst Nightmare : Property Foreclosure
In a difficult economy, tenants can a face their worst nightmare: moving into a apartment only to learn that the property has been foreclosed and they must get out. After moving costs, tenants are facing with moving their stuff again. Any legal action is destined to cost money. Also while living in the foreclosed property they might be subject to losing [...]
SuperBad Tenants: a landlord nightmare
Channel 34 news in binghamton New YOrk has a great story about a super bad tenant that wil make your head shake and your wallet cringe. There’s a stereotype in our culture about bad landlords but not one about problem tenants. There could be after reading this. According to the article, it’s common for tenants to trash apartments, and [...]
