All About Landlord Disclosure Requirements (Landlord Guide)
RentPrep | Landlord Blog Featuring Free Advice For Landlords
by Kristi Mergenhagen
5d ago
You know you’re responsible for meeting certain standards as a landlord, but did you also know that you’re responsible for specific landlord disclosure requirements when renting to a new tenant? Landlord disclosure agreements are an essential part of every lease. Failure to provide these disclosures means you could be sued by a tenant or otherwise have your business affected in a severe way. What disclosures are necessary in your state, and why is it essential to ensure these pamphlets and informational documents are correctly delivered? Learn all that you need to know about required disclosur ..read more
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What Is Debt Service Coverage Ratio In The Rental Industry?
RentPrep | Landlord Blog Featuring Free Advice For Landlords
by Kristi Mergenhagen
1w ago
Knowing how to analyze rental properties is just as important as being able to properly finance your investments. When you uncover the DSCR meaning in rental real estate, you’ll find that you may be able to do both of those things at once. DSCR, also known as debt service coverage ratio, is a financial ratio used to present how much cash flow is available to handle financing payments. This number enables property investors and lenders to see a property’s performance clearly and concisely. Suppose you’re working in the rental industry and are lacking financing options, or you’re uncertain how y ..read more
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What Is Accelerated Depreciation In Real Estate? (Guide)
RentPrep | Landlord Blog Featuring Free Advice For Landlords
by Kristi Mergenhagen
3w ago
Ensuring your profit margin as a landlord is about more than property management—it’s also about tax management. Taxes play a significant role in the overall finances of your business, and they can even provide big breaks. Understanding your options for accelerated depreciation on real estate is essential so you don’t miss out on this potential opportunity. Real estate accelerated depreciation enables landlords and investors to pay less in taxes in the earlier years of owning a property rather than dividing the entire depreciation amount over nearly 30 years. Doing this can free up cash flow e ..read more
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Landlord-Tenant Law: The Foundation Of Your Rental Business
RentPrep | Landlord Blog Featuring Free Advice For Landlords
by Kristi Mergenhagen
1M ago
If you’re working as a landlord or property manager, you’re likely already familiar with landlord-tenant law. Even if you don’t know these laws by that name, they outline the rights and responsibilities of both parties that must be followed during a tenancy. Landlords unfamiliar with applicable laws often find themselves in trouble. Financial and legal issues run rampant whenever landlord-tenant laws aren’t followed correctly. Do you know how to evict a tenant in your state legally, for example, or are you putting your business on the line when carrying out an eviction? Knowing about the syste ..read more
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What Is Bonus Depreciation? How Landlords Use This Tax Cut
RentPrep | Landlord Blog Featuring Free Advice For Landlords
by Stephen Michael White
1M ago
The financial aspect of working in the rental industry often becomes overwhelming. For both new landlords and those with experience, tax time is a challenging part of the year. One topic that’s been confusing landlords in recent years is bonus depreciation. Bonus depreciation is a type of tax deduction that has been updated for a short period of time to cover the entire cost of specific expenses, purchases, and investments. As a small business, 100% bonus depreciation applies in some scenarios. The trick, however, is knowing the bonus depreciation rules on rental property, to understand where ..read more
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What Is Landlord Retaliation? Dos And Don’ts For Landlords
RentPrep | Landlord Blog Featuring Free Advice For Landlords
by Kristi Mergenhagen
1M ago
When things get frustrating for landlords, retaliation against tenants occasionally happens. Feeling out of control of the property they own, landlords sometimes make the mistake of overstepping their legal boundaries and committing landlord retaliation. Retaliatory action, however, is a serious offense. These actions typically move landlords further from conflict resolution and closer to fines or fees. Learning what is and is not allowed when addressing tenant actions is key to avoiding accusations of landlord harassment. Do you understand what is and is not legal when working with renters wh ..read more
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What Is Wholesale Real Estate? (And How It Affects Landlords)
RentPrep | Landlord Blog Featuring Free Advice For Landlords
by Kristi Mergenhagen
2M ago
Wholesaling is not a new practice, but is growing in popularity in the current investing world. Wholesale real estate involves a middleman finding a seller rather than the buyer or the buyer’s agent handling this marketing and research process. But what is it about wholesaling that’s valuable to real estate investors and even landlords working in the rental market? Will this type of investment business negatively affect your own purchasing potential if wholesalers are working in your area? Landlords have these questions and more about how this unique investment process works. Let’s get into th ..read more
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What Is Rental Yield? Easy Rental Yield Calculator & Guide
RentPrep | Landlord Blog Featuring Free Advice For Landlords
by Stephen Michael White
2M ago
Owning rental property isn’t all it takes to grow your rental business. Analyzing your properties, markets, and plans is also essential to long-term success. Rental yield is one of the best calculations landlords use to calculate how much they make from their properties. What is it about rental yield that is so powerful? The rental yield calculation is helpful at many stages of the rental process. From choosing rental investment properties to effectively improving underperforming units, this number can guide your next steps. Without a guide, you may be pouring money into the wrong parts of you ..read more
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How To Run Credit Check On Tenant
RentPrep | Landlord Blog Featuring Free Advice For Landlords
by Kristi Mergenhagen
2M ago
Updated September 2022 If there’s one piece of advice that landlords need to remember above all other advice, this is what we would say: Always take enough time to properly review rental applications before you offer to rent your properties to any tenants! No matter how great a tenant might seem when you first meet them, there’s always the chance that there is more risk associated with renting to them than you initially realize. One step in the review process that can be a bit tedious or overwhelming for landlords is the credit check for renters who are applying to stay at your property. Doing ..read more
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Utility Laws In California (RentPrep Guide For Landlords)
RentPrep | Landlord Blog Featuring Free Advice For Landlords
by Kristi Mergenhagen
2M ago
While landlords are required to provide access to utilities at their rental properties, are they also required to cover the cost of those utilities? Now, you don’t have to pay for utilities for your tenants, but you do have to follow the terms of California landlord-tenant laws on utilities when renting in the state. There are specific rules about how you can handle utility payments for tenants, and breaking those rules could lead to significant fines. Don’t risk these avoidable costs, lawsuits, or disagreements with your tenants —take some time to understand utility laws in California. From w ..read more
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