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Go4Rent Magazine is a monthly publication created to inform and educate Realtors and landlords.
Even after the global pandemic has calmed down and people head back to in-person interactions worldwide, the real estate industry has made permanent changes in this digital-dominant world. Fueling that trend is a growing population of digitally savvy renters who expect technology to be a part of their home-shopping experience, including social media, self-guided tours and virtual tours.
If you are a new landlord or tenant, you may have never heard of renters insurance. However, it is becoming a requirement for your tenants to obtain it.
Regardless of where a Realtor’s farming location is, having a Tenant Selection Criteria form evens the rental playing field for all. This uniform rundown is a documented checklist that Realtors can use when selecting, accepting and denying any prospective tenants.
Renters are usually eager to start seeing homes immediately. However, it’s important to take a step back and ask certain questions before showing a home. Setting expectations and avoiding miscommunications will save time and get to the closing table sooner.
A 2019 report from the National Association of Realtors (NAR) confirmed that 93% of prospects used a website in their home search. While this statistic is not surprising in the modern age, it spotlights the urgency of maintaining a strong online presence and reputation. This is why Realtors getting positive online feedback is a must.
For a landlord, a rental property is an uphill battle against mishaps, calamities, the hands of time and sometimes nature itself. To guard their investment, property owners must plan ahead, maneuver tactfully and sometimes be prepared to cut their losses.
“Do you have a pet-friendly policy?” It’s a common question that landlords receive before attempting to rent a single-family home.
Although some modifications cannot be considered such as replacing all the flooring or repainting the entire home, allowing minor modifications helps tenants feel like a rental property is indeed “home."
Each state will exhibit different property code requirements for rekeying rentals. This is partially due to the demographics and population needs of individual landlords and tenants.
Property managers and landlords are often faced with uncomfortable choices: to rent to the well-meaning but credit-challenged tenants or wait until the ideal candidates pop up.