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What else can I help you with?
I am unhappy with our property rental company can we keep your tenants and finish with the rental company?
You need to review your contract to determine if you can end the agreement.
Today renting a property is one of the important sources of income for landlords. What are steps for screening tenants before signing a lease or agreement?
While renting your property, you need to ensure that your tenants are qualified for handling or residing in your property. Screening tenants helps you to get qualified tenants and you will get an opportunity to know your tenants better before signing lease or rental agreement.here are steps for screening tenants.
Should a landlord provide a fire extinguisher in a rental property?
Yes, landlords should provide a fire extinguisher in a rental property to ensure the safety of tenants in case of a fire emergency.
How can I calculate and maximize my rental yield when working out rental yield for my property investment?
To calculate rental yield for your property investment, divide the annual rental income by the property's value and multiply by 100. To maximize rental yield, consider increasing rental income by adjusting rent prices or adding amenities, reducing expenses, and ensuring the property is well-maintained to attract and retain tenants.
Can a tenant take furniture from a rental property without permission?
If the furnature is the tenants then yes. If the furnature came with the rental property as fully furnished, then the answer is NO. This would be classed as theft and they would be liable for prosecution.
What are the tenants' rights regarding the electricity meter in a rental property?
Tenants have the right to access and read the electricity meter in a rental property. They also have the right to request information about their electricity usage and billing. Additionally, landlords are responsible for ensuring that the electricity meter is properly maintained and functioning correctly.
Guard Against Tenants And Their Guests With Rental Property Insurance?
Rental properties can be a great investment, but like any investment, there's a possibility for loss. While you can do background checks and require security deposits from your tenants, the safety and security of your rental property is often out of your control. Make sure your policy covers you from damage caused not only by your tenants, but also their guests. Also look at your deductible. If it's higher than your reserved security deposit, are you able to potentially lose that amount if your property is damaged?
What is the Landlord Tenant Act?
The Landlord Tenant Act is the rights and responsibilities of landlords and tenants. General obligation of tenants and landlords. It also governs the rental of commercial and residential property.
What repairs is the tenant responsible for in the rental property?
Tenants are typically responsible for minor repairs and maintenance in a rental property, such as changing light bulbs, replacing air filters, and keeping the property clean. Major repairs, such as plumbing or electrical issues, are usually the landlord's responsibility. It is important for tenants to review their lease agreement to understand specific repair responsibilities.
How many days do landlords have to give tenants when they're selling the rental property?
None...but the new owner must give them 30 days to vacate the property...
What are the benefits and risks of investing in rental property?
Investing in rental property can provide a steady income stream, potential tax benefits, and long-term appreciation of the property's value. However, there are risks such as property damage, vacancy periods, and dealing with difficult tenants that can impact profitability. It's important to carefully consider these factors before investing in rental property.
What is the required notice period for tenants to vacate a rental property in New York, specifically when providing a 90-day notice to vacate?
In New York, tenants are generally required to provide a 30-day notice to vacate a rental property. However, when providing a 90-day notice to vacate, tenants should ensure they comply with the terms of their lease agreement and any specific requirements outlined by their landlord.
