Author: Memphis Buy and Hold

As a landlord or property manager, one of the most frustrating situations you may encounter is a tenant who fails to move out of the rental property in a timely manner. While most tenants will honor their lease agreements and vacate the premises on or before the lease expiration date, some may remain in the property even after the lease has expired.

When it comes to investing in real estate, you may be tempted to stay close to home, and this is understandable. You’re more likely to understand the market and feel more comfortable being nearby while looking for tenants or collecting rent. It may seem daunting, but several real estate investors find it lucrative to seek out markets in other cities or states in order to secure more affordable investment properties. 

Getting rid of bad smells after a tenant moves out is one of the unpleasant parts of being a landlord. But, if you don’t take the time to do this, issues with funky odors or a foul stench can severely impact your cash flow.

There have been some discussions lately about the legitimacy of wholesaling. Others argue that it can be done properly with full disclosure and reasonable margins between the wholesaler’s purchase price from the original seller and the sales price to the end-buyer.

Have you ever wondered what to do when your tenant has a guest come to visit them, but they wind up staying for months? At that point, are they a tenant? Should they be paying rent?

Managing rental properties is a complex task, especially when it comes to keeping track of which tenants are paying on time and who has outstanding balances. If you’re not maintaining an accurate paper trail and organizing your finances, your investment property can quickly become your greatest nightmare.

The residential lease agreement form is a formal legal contract, and is used in the lease of apartments and homes. Renting a home or apartment is not as easy as money being exchanged, you must first outline many factors and legally bind yourself to agreements made in the residential lease agreement. All parties must be involved in the contract, and are also bonded to all the terms and conditions.

Keeping clear documentation is an essential part of your work as a landlord. With the correct paperwork, it will be easier to run your business, prove eviction cases, and ensure that your properties are managed properly.

Are you frustrated with the performance of your investment portfolio? Are you enraged every quarter as you read your financial report, only to find that your investment dollars decreased in value again?