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Showing posts from July, 2017

Finding a Great Tenant for Your Rental Property

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What makes a great tenant? You will be meeting a lot of different tenants as you go through your business. Some tenants will make your life as a landlord a breeze while others will make it hard for you. Taking the time to  find a great tenant for your rental property  can help protect your investment and help it grow. Here are 5 tips for placing a tenant in your rental. Tips for placing a tenant in your rental You need to understand the laws: Find out the appropriate federal and state laws that cover landlords and tenants. Start with the  Fair Housing Act  and get a clear outline on what constitutes illegal discrimination against qualified tenants. Read how you can base credit or criminal history but never on race, religion, national origin, gender, age or family status. Formalize it by creating a rental application form: This is the kind of document to collect personal information about your applicant so it will be easier for you to perform ba...

Risk Management for Landlords in San Antonio

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Have you considered how you can protect yourself from possible future issues, legal disputes, and problems with tenants? There are distinctive advantages and benefits of being a landlord. However, if you aren’t cautious, you may also open yourself up to unnecessary risks. The key is to protect and look out for yourself by being prepared, above all else. According to the Rental Protection Agency, there are more than 108 million renters in the U.S. and more than 22 million landlords. It’s easy to understand why landlords and property owners want to know how they can identify and address potential risks for tenants. Here are top risk management tips for  landlords in San Antonio TX : Do not skip screening tenants. Unnecessary risks can be avoided by carefully screening your potential tenants. Don’t just accept everyone who wants to sign a lease agreement. Check if they have a job. Do they have previous instances of evictions? Past behavior is the best way to predict futur...

All About San Antonio Property Management

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Why do real estate investors in San Antonio need property management? One of the frustrations landlords have in common is thinking they will make a lot of money and instead end up pouring an enormous amount of time into managing their property. Landlords go through a trial and error process in getting the right tenants, for example, but it just eats up all their time.  There are things real estate investors who venture into home rentals do not even know themselves. There’s the city licensing laws, landlord-tenant laws, maintenance, and the appropriate contractors who will take care of things on a timely basis. Tenant screening is a minefield. U.S. Department of Housing and Urban Development or HUD is dealing with an increasing number of violations for discrimination with homeowners who do not know the fair housing laws, the parameters involved in terms of dealing with people fairly. The effort that you need to exert in order to advertise your home re...