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Top Ten Tax Deductions for Property Owners

Top Ten Tax Deductions for Property Owners

Every year, millions of landlords pay more taxes on their rental income than they have to, because they fail to take advantage of all the tax deductions available for owners of rental property. Rental real estate provides more tax benefits than almost any other investment. Often, these tax benefits make the difference between losing money […]

The Top 5 Items to Replace or Upgrade in Every Rental Property You Buy

The Top 5 Items to Replace or Upgrade in Every Rental Property You Buy

After you have purchased an investment property, have you ever encountered the dilemma of figuring out which things should be replaced or upgraded? Chances are you have already spent so much money acquiring the property, you may be reluctant to spend an extra dime in renovating the place (or at least, delay renovations until the […]

Should you ever relax your tenant screening criteria?

Should you ever relax your tenant screening criteria

Vacancy is expensive. In fact, it’s one of the biggest costs that a landlord may have. And it can sometimes cause landlords to get desperate. In such situations, it may be tempting to relax your screening criteria to get a unit filled. It’s understandable… You have an empty unit that is losing money every day, […]

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How much should I charge for an application fee?

How much should I charge for an application fee

One of the biggest responsibilities a landlord has is to gather applications and screen tenants. (And if you don’t require an application it’s time to start!) Landlords everywhere are constantly running applications every time there is a vacancy. And usually it takes multiple applications before a vacancy is filled. It doesn’t take very long before […]

Can you evict a tenant for lying on their application?

Can you evict a tenant for lying on their application

This is a question that we got asked recently: Can you evict a tenant for lying on their application? And it’s a good question! Good tenant screening will weed out most of the bad tenants… But it’s not 100% fool proof. Unfortunately, sometimes a bad tenant can still slip through the cracks. When this happens, […]

[PART 3] Tenant Screening: Knowing when to approve or deny a rental applicant

Tenant Screening Knowing when to approve or deny a rental applicant

This week we are continuing our series on tenant screening. In part one we talked about how to read a sample credit report and fill out an application scoring sheet. In part two we talked about what to verify on a tenant application. This week, we are talking about how to approve or deny an […]