My Rental Property Coach

In this day and age, there is a form to cover every possibility in the rental property business. From pet leases to utility sharing agreements, everyone will agree “it’s best to always get it in writing”. Making sure that all of the rules are clear before a tenant moves in leads to fewer disagreements and a cooperative landlord/tenant relationship. These signed documents can also protect the landlord if a sub-standard tenant should slip under their radar and take up residence. If you are just starting out with one rental property, there are 4 essential rental property forms that you should have on hand before you start to look for a tenant.  You can click through if you would like to purchase any of these forms for your own use. Application Form The Application Form i s the first form that a prospective tenant will fill out for you during the first meeting if they are interested in renting from you. It covers the personal information of all the people that wi...

  Talk to any landlord and they’ll likely have a tenant horror story to tell – myself included! When you buy your first rental property and become a new landlord, tenants are one of the most important factors to consider. Not only will they be looking after your property for you, they will also be paying it off and ultimately building your wealth in real estate. Your ability to attract and keep great tenants will determine whether your rental property investment will be successful so it’s important to know the basics. ADVERTISING Writing a detailed advertisement has two purposes: it allows you to describe all of the benefits of your rental property and it’s also the first step in describing the type of tenant you are looking for. You can be clear about whether you allow smoking, whether you allow pets, the amount of rent and damage deposit expected and the length of lease term you are looking for. With all of this information available in the ad, you have already narrowed the f...