Go4Rent Magazine
Go4Rent publishes a bimonthly magazine for landlords and Realtors intended to be informative, educational and enjoyable to read.
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Any routine expense occurred in the master device or master rekeying during change of tenancy is incurred by the landlord. Any breach of the landlord/tenant agreement that results in a rekeying or change of security devices, such as abandonment of the property by a tenant, will make the rekeying or change of security device by the landlord an expense that can be deducted from a tenant’s security deposit.
Rekeying is spelled out in most state codes by focusing on a lease section. However, not much mention seems to be made of rekeying in Florida State Codes. Florida State Rental Code, especially Florida Statute, Part II, Section 83, is a good guide on leases and habitability, which includes rekeying since safety and security is part and parcel of habitability and most states will generally focus on habitability. Habitability by definition means that a property is safe, secure and in good enough condition to be habitable.
The property code laws in Texas regarding rekeying are very specific even as to timeframes for rekeying. In fact, in Texas Property Code, Section 92.156, there is a specific seven-day period in which a property needs to be rekeyed upon vacancy. Privacy and security of a tenant in Texas is a huge consideration. Therefore, the State Code there does require a limit on the number of keys to be issued for each unit.
In Texas, a landlord is advised to retain a property manager to avoid liability when rekeying or keeping charge of any existing keys. Rekeying a property by a landlord himself or the property manager also carries liability in Texas, and recommendations are made to have a professional locksmith undertake all rekeying of properties when needed.
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The Ins and Outs of Working with Investors
While tenants of rental properties focus on factors such as property quality, location and monthly rent, investors may focus on one overarching factor: return on investment. Here’s what Realtors need to know about how investors generally decide whether they want to invest in rentals.
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Rental Inspections: Don’t Wait Until Move-Outs Only
Move-in/move-out inspection and periodic inspections are important aspects of managing a rental property. By better understanding what to look for during inspections and how often to schedule them, it is possible for landlords to avoid common mistakes.
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Creating a Go-To Contractor List
Agreeing to a contractual relationship, such as a service maintenance agreement, with a vendor could significantly speed up any frantic searches—especially during emergencies and late-night hours.
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Navigating Out-of-State Rental Properties
Today’s housing market is a bit of a seesaw. In 2022, the Federal Reserve hiked its benchmark interest rate six times. Higher interest rates mean loans are more expensive for consumers. But no matter what happens with inflation, people need a place to live. This is leading property owners to look for a means of disposable income. And sometimes the real estate investor may choose a property from another state.
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Is That Emotional Support Animal Legit?
It can be difficult for landlords to tell if someone has a legitimate ESA or simply a pet. Banning a tenant with an ESA could lead to legal action against the landlord. Fortunately, there are ways that landlords can fairly differentiate between the two to comply with the Fair Housing Act.
1
Repairs: Who Pays for What?
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.
2
Can Pet-Friendly Homes Bring Better Tenants?
“Do you have a pet-friendly policy?” It’s a common question that landlords receive before attempting to rent a single-family home.
3
Tenant Modifications That Make a Happy 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."
4
How To Protect Yourself From Marginal Applicants
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.
