Uncategorized
Property Management Statements Explained
How do property management statements work? I’m Kyle at TrueDoor Property Management. I’m going to explain how to understand the statement for your rental property. Each property management company will be using different software, but most statements work the same way. Our company uses the Appfolio software system and I’ll be showing you statements from…
Read MoreShould I rent out separate rooms?
Should you rent out each room individually, or rent the entire house to one family? You are going to see a lot of YouTube videos out there saying how profitable it is to rent out the rooms in your rental property to individual renters, instead of renting the property to one party or family. Doing…
Read MoreWhen is rent late? & How to collect the rent!
When is the rent due? How do I collect the rent? When should I start an eviction? These are all common questions by property owners. The lease agreement sets the terms for when rent is late. There’s a lot of variations out there, so please read the lease contract carefully. Most leases are going to…
Read MoreDoes the renter pay for Yard & Pool care?
Is the tenant or property owner responsible for paying the gardener and pool cleaner? Many rental properties, especially single family homes, have a nice yard or maybe even a swimming pool. There is no law that says either the owner or renter should be in charge of cutting the grass or cleaning the pool. The…
Read MoreCan you force tenants to be clean?
How can you force the tenants at your rental property to be clean? Nobody likes the idea of dirty renters, but what can you do about it? Everyone has a different standard for what clean is, so let’s start by saying there’s messy renters and then there’s unsafe-level-dirty renters. For your average messy renter, there’s…
Read MoreCan you deny college students?
College students have a bad reputation when it comes to rental properties. Some of the stereotypes are they are loud, they throw parties, they have too many roommates, they use drugs and drink too much, they break things and are generally hard on properties. So many landlords ask us do I have to accept college…
Read MoreHow many people can live in my rental?
How many people can live in your rental property? I’m Kyle at TrueDoor Property Management. I understand that you want to limit the number of occupants living in your rental. More people can increase the wear and tear. But beware, this is a sensitive issue. HUD gives us some basic guidelines. They say a property…
Read MoreFind a new renter before the current one moves out
The tenant at your rental property just gave notice that they are moving out. Let’s talk about how you can find a new renter before the current one moves out. You have two options when your tenant moves out. Wait until they have vacated or start advertising and showing right away. I recommend starting right…
Read More$20K Mistake. What appliances should I provide in my rental?
$20,000 dollar mistake: What appliances should I provide for my rental? As a landlord you don’t think providing an appliance could be a $20,000 mistake but you’d be wrong. Once upon a time in Orange County California there was a landlord that rented a house to a family with a year old refrigerator. The fridge…
Read MoreHow Long Does it take to Find a Tenant?
How long does it take to find a tenant? When your property is on the rental market, you want to find a tenant as quickly as possible. It should not take more than 30 days to find a qualified tenant. Rentals that are in high demand should rent faster, often within 1-2 weeks. Single family…
Read More