Cash for keys is an unfortunate necessity in the world of rental properties. Whether for tenant issues or just wanting a tenant gone, cash for keys can be an easy and clean process to get a tenant to leave a property. What is Cash for Keys Cash for Keys is when the landlord pays the tenant to vacate the property, exchanging money for the tenant to turn over the keys. There are multiple reasons that a landlord could want a tenant gone but whereas the eviction process is very painful, cash for keys can be cheaper and easier.  It either be an alternative to evictions or a method of convincin ..read more

When it comes to needing a tenant to vacate the premises, it can be difficult to know when to submit an official note to leave. Fortunately, we’ve put together an overview to help guide you through the process. Below, you’ll discover what a notice to vacate is and what you should include in your letter. What is a Notice to Vacate A notice to vacate is a letter given by the landlord to a tenant asking them to leave the premises by a certain date. Typically, the notice provides specific reasons why there is a request to leave the rental property. There may be a variety of reasons a landlord give ..read more

Being a landlord comes with many commitments and responsibilities. It can also be quite a risky endeavor as cases where tenants pack up and leave without any notice can happen. Therefore, it’s important to be prepared if a “bad tenant” scenario happens to you. To help you, we’ve prepared a detailed tenant abandonment guide. By knowing how to react and what to do in this situation, you will be able to handle it in a less stressful way. Keep in mind that it’s very important to find ways to prevent this from happening to you. Nowadays, there is the option of using property management software li ..read more

If you’re a landlord, you might be wondering about the best way to accept or block partial rent payments, especially during an eviction process. Each situation will be unique to the landlord-tenant relationship, but there may be times when you do want to accept partial rent payments: Split rent payments between roommate tenants  Trustworthy tenant needs a little extra time but typically pays rent in full each month However, if you’re still getting to know your renters, or need to block rent payments in the event of an eviction, you’ll be needing options that can accommodate both scenar ..read more

The concept of cash for keys is unfamiliar to many, but it is a less complicated alternative to the eviction process. While you must be careful to follow local and federal laws when completing cash for keys agreements, it often makes the transition between an owner and tenant seamless. This will allow you to easily and efficiently run your rental business. What is a Cash for Keys Agreement? A cash for keys agreement is where you pay a lump sum of money to the current tenant in order for them to vacate the property. This is 100% legal as long as you follow the correct procedure, as well as sta ..read more

It’s not unusual to hear someone ask, “What are squatters rights?” The term has become so ingrained into our vernacular—even kids love to shout it when claiming a coveted living room chair from their sibling—that its definition or history has become hazy over time. In this blog post, we’ll cover a few frequently asked questions about squatters rights, run through the basic principles required to claim squatters rights, and what to do if you discover a squatter on your property.   What are squatters rights? Adverse possession—otherwise informally known as squatters rights—is a legal t ..read more