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It's a fast-paced rental market, and many Realtors are hunting for the best new lease listings in their area. Finding them before it's too late won't be an easy task. The National Association of REALTORS (NAR) reports this fierce field has grown larger and more competitive.
The lease is the backbone of every landlord-tenant relationship. A good lease can protect the landlord from facing any undue burden caused by the tenant. A bad lease leaves the landlord vulnerable and makes it difficult to hold the tenant accountable. Here are some commonly overlooked rules that every landlord should consider when drafting a new lease.
Realtors want to get their clients approved for the first single-family home or condo rental they apply for. Unfortunately, that’s not always realistic. There are, however, certain tips that Realtors can use to help their clients strengthen a rental application, increasing the likelihood of getting approved for the first choice. Here are six suggestions.
A rocky past is not an automatic rejection. A Letter of Explanation is an opportunity to explain suspicious reports and give the landlord the full context of the situation. The following is a list of what should and shouldn't be included in the letter to help a tenant secure the rental.
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.