Landlord Checklist: What do you do when your resident passes on?

You may probably think that from the blog title that we mean when the resident moves out of your apartment to live in another domain. Well, actually, in this case, we mean it quite literally. What we are writing about are some of the steps, concerns, and dilemmas you may run into when your resident passes away in the premises they rent from you. “To sleep: perchance to dream: ay, there’s the rub; For in that sleep of death what dreams may come when we have shuffled off this mortal coil, must give us pause: there’s the respect”. Hamlet Act 3 I knew this was going to happen No body[…]

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Apartment Renter Tip: Mom & Pop Landlord vs. Professional Property Management: Vol. 1 Tenant Screening

So you are looking for a new apartment to call your home. But you cannot decide which style of apartment living is going to be the right choice for you. With all of the factors flying around in your head like, commute time to work, great school systems, nice neighborhoods, amount of rent you will pay, and how long it will take you to go pick up a gallon of milk; now you need to decide what type of building and landlord do I want to have that will best suit my rental needs? I do not intend to finish up this blog with a recommendation of which one is better[…]

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New Year + New Marijuana Laws = New Challenges for Massachusetts Landlords

In November 2016 Massachusetts voted in one of the most dreaded laws by landlords in the legalization of recreational marijuana. Most landlords are concerned with what this means for the rental properties and how this is going to impact their rental businesses. The obvious fear is, now that recreational pot is legal, that tenants will now be blazing up and puffing weed inside their apartments and think there is nothing the landlord can do about it. A Little Knowledge Can Help Blaze a Trail So now what do we do? Apparently pot is legal and there is no stopping it from coming into our rentals. But what does the law really[…]

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Property Manager Screening Tips To Find Better Renters

I have had discussions with all types of landlords big and small that have been renting apartments for decades and the consensus is the same; screening for good residents is job number one. The entire Landlord/Tenant relationship depends on having a pre-qualified renter who will respect the other residents, respect the property, respect the rental agreement, and pay the full rent on time when due. This is the cornerstone to running a successful rental business and you must be firing on all cylinders for this one. Missing any one of these components will eventually lead to cracks in the foundation of trust in the relationship somewhere down the line. Lets[…]

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Pretty Leaves! Pretty Soon! Better Prepare Your Residential Apartment Rentals Pretty Quick!

Two short months ago we were enjoying our vacations, going to the beach, having family BBQ’s, and working on our tans. It happens every year when we say it in September, “The Summer went by so fast this year”. This week I have already been stopped in traffic by local school buses loading up sleepy-eyed students in disbelief that they are on their way back to school. As much as I hate to admit it myself, the days are getting shorter and the nights are getting cooler. There is no more denying that patches of color are starting to appear along the highways and it will not be long before the[…]

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Avoid Revolving Door Housing Court Eviction Costs from Bad Property Managers

Your property should not be a revolving door of bad tenants coming in and going out. The number one cost you cannot ever recover from a property, is a vacancy. When you are not collecting rent you cannot cover your debt for the property. You cannot pay your contractors; you cannot pay your mortgage taxes and insurance. The worst of all is that you cannot make repairs and your property accumulates deferred maintenance issues. This is the slow death of a great property all the way down the scale to a poorly performing D property. Well listen closely. I am going to let you in on a dirty little secret[…]

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The “Landlord” Lone Ranger

Know your State Sanitary Code, Building Code and Tenant/Landlord Laws in your local market. I see it happen all of the time in our local Northern Worcester County Landlord Association. I call them Lone Rangers. Some would-be-hopefully-landlord reads a book or attends a weekend seminar. They have stars in their eyes with visions of grandeur. The see the big picture as a full-color dream laid out before them of riches and fortune because they are going to buy their first property and strike it rich as Real Estate Investors. They put down their down payment, get the financing, get the keys, then sit back and wait for those rental checks to[…]

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