Learning Center
How to Calculate Prorated Rent
Most landlords prefer to set a rental due date on the first of the month. Sometimes, however, this does not align with the tenant’s move-in date. If tenants were to move in or out 10 days after the start of the month, charging a full month’s rent for those 20 or so...
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The Risks of Accepting Cash Payments for Rent
The Risks of Accepting Cash Payments for Rent It Might Be Time to Switch to a Digital Payment Method Accepting cash for rent sounds great, and it makes sense that a cash method would tempt many landlords. After all, cash is convenient — you don’t have to worry about...
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10 Essential Lease Terms for Your Rental Agreement
Fundamentally, a lease agreement is a legal contract that ensures access to a rental property in exchange for payment. The things the tenant can and cannot do with that property, the terms of payment, and the responsibilities of each party are all defined in the lease...
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Requiring a Lease Guarantor: A Strategy for Safer Renting
Total insurance premiums in 2017 reached nearly $1.2 trillion dollars. Suffice it to say, Americans like to reduce risk when it comes to their financial investments. Homes, cars, and even lives can be insured. But as a landlord, other than your lease and an effective...
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Altering a Lease Mid-Term
A lease is a contractual agreement that dictates a landlord-tenant relationship for a future period, typically twelve months. But the circumstances around that agreement are not static. It is common for both landlords and tenants to request changes to a lease...
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Online Leasing: 5 Common Myths & Misconceptions
Accessing, signing and storing documents of all kinds online is commonplace in today’s increasingly digital world. Nevertheless, many landlords are reluctant to make the switch from traditional pen and paper to digital. Of course, it’s important to be cautious about...
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Month-to-Month Leases: A Landlord’s Guide
(Note: The terms “fixed” and “annual” leases are used interchangeably. Both refer to traditional 12-month, fixed leases in the context of this article.)Twelve-month, fixed-term leases have long been the standard structure for residential rentals, but they aren’t the...
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What are Individual and Joint Leases?
Primarily, two methods of structuring a lease for multiple tenants are available: you can sign each tenant individually (or “by-the-bedroom”), or you can sign the tenants jointly. Individual leases provide flexibility during the leasing process while joint leases...
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Online Leases: How Do They Work?
Online leases are a valuable tool for improving your property management. Among other great benefits, they can reduce your units’ turnover time while simultaneously adding convenience for your tenants. If you’re unsure about the legality or difficulty of leasing...
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Understanding the Importance of a Lease Addendum
Murphy’s Law has several subtle variations, but the general message is as follows: if something can go wrong, it will. Many landlords can vouch for this with their rental properties. The truth is that the longer you manage properties, the more problems you are likely...
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