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Calendar late fees

Late Fees: Are you Using them Effectively?

Every landlord has encountered tenants who don’t make paying rent on time a priority. Usually, a late fee will be implemented to act as a threat, not an actual debt. Since it’s a threat, the tenant often won’t pay the late fee. And once they’ve managed to avoid the late fee the first time, they may take advantage of your leniency in the future. This can result in aRead more
Long-term guests couch surfing

How to Handle Long-Term Guests

As a landlord, finding out that someone has been living on your property unbeknownst to you is far from good news. Long-term guests aren’t bound by the terms and conditions of the lease, so having them reside with your actual tenants is a problem waiting to happen. If you’ve found yourself wondering why the office has suddenly been changed to a makeshift bedroom or the couch in the livingRead more
Effective Marketing

Effective Marketing: 4 Ways to Improve Your Rental Advertising

Believe it or not, the first ever paid advertisement in the US was for an estate in Long Island that was posted in the Boston News Letter way back in 1704. Keep that in the memory bank for office trivia night. Now I’m sure you’re aware, but marketing strategies have changed quite a bit since that first American ad. Landlords now rely on online listings, social media ads, andRead more
Moving out

Moving Out: 5 Ways to Ensure a Smooth Transition Between Tenants

Whether it takes place over a day or over a week, handling all the various tasks of moving out your former tenants and new tenants in is a complicated and tiring process. Furniture needs to be moved, keys need to be collected, and damages need to be assessed, all on a tight deadline. Here are a few tips that can help make the process a little less daunting andRead more
Late rent fee invoice - Innago

Late Fee System and the Innago Solution

A late fee system is an important part of the management process for any landlord worth their salt.  It only takes a line or two in your lease agreement to grant yourself a significant ally in your monthly rental collection.  In fact, aside from an eviction notice, the threat of a late rent fee is often the only impetus strong enough to compel delinquent tenants to submit their rent.Read more
Vacant unit_brokers

Are Brokers and Leasing Agents Worth the Investment?

So you’re a landlord with a good amount of vacant units and you’re faced with a tough decision, how do I fill them? You have a few options: place an ad online, contact your current tenants and see if they have any friends looking for a place, or… hire a broker or leasing agent to find a renter for you.  Under the right circumstances, brokers or leasing agents can beRead more
Laptop at the beach

“Landlording” Without Boundaries

"Landlording" Without Boundaries Choosing to manage rental property into retirement a decade ago was not as possible as it is today. Not only is it feasible, but it can also be an extremely smart and lucrative way to invest your money. Over half of the population wants to relocate in their retirement years. This could easily keep some potential property owners or current property owners from leasing their propertyRead more
Generation Z looking out

Renting to a New Generation: Are You Ready?

The apartment industry has been obsessing over millennials for years. And for good reason.  Millennials are responsible for the recent, drastic increase in rental housing demand. But believe it or not, there’s already a new generation on the way. Generation Z or the “iGeneration” will be moving out and into the workforce starting in 2017. The iGeneration hasn’t been precisely defined yet, but it roughly consists of individuals whoRead more
Student housing

College-Age Tenants: What to Expect

Understanding your renter is one of the most effective ways to become the best landlord possible. When you know your demographic, you’re better able to cater to your tenants’ wants and needs and will be better prepared for the challenges that demographic may present. If you are investing in rental property near a college campus, you should be ready to work with the college-age tenant. This specific group bringsRead more
Woman using a smartphone

Communicate with Tenants for Pain-Free Management

Communicate with Tenants for Pain-Free ManagementIn 2017, there are constant distractions.  Your tenants may sign their lease with the best of intentions, but too often they begin shirking responsibilities: rent comes in late, they don’t submit late fees, minor maintenance requests fester, etc.  And while some of these renters are truly bad eggs (how did they get through the screening process?), others are just forgetful.  It’s not an excuse,Read more

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