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To be a successful landlord, you must first understand your tenants' wants. This will not only help you secure the best tenants quickly, but it will also help you retain your current tenants. And, as with any service, if you offer more and provide more value, you can charge more.  In this article, McKenna & Vane Property Management focuses on the top amenities every landlord should consider for their rental property!  Smart Upgrades Renters prefer anything that uses technology to make their lives easier. Property owners and renters alike ca…

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Being a landlord can be a lucrative career. However, just like any other business, it isn’t without risks. One such risk is rental damage.  Now, rental damage can occur in two ways: normal wear and tear and excessive damage. In this blog, you’ll learn their differences, and know your rights when they occur!  What Constitutes Normal Wear and Tear? The definition isn’t really straightforward, but normal wear and tear is generally described as the damage that occurs in a unit by a tenant living their day-to-day life.  So, what does this mean to yo…

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Renting out your home can be lucrative. A successful landlord not only sees the financial gains and tax deductions, but they can also see an appreciation of their rental investment. But being a landlord isn’t without its challenges. Chief among these being tenant complaints - an unavoidable part of being a landlord. Yet, if not approached well, tenant complaints can derail your investment significantly. On the other hand, managing complaints well is proven to help with tenant retention and mitigate tenant damage to your property. So, what are t…

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Property damage is inevitable especially when renting out the space to tenants. That being said, there are still steps that the property owner can take to help reduce instances of damage.  If you want to learn how to protect your rental properties from damages keep reading! Implement a Thorough Tenant Screening Process Before allowing a tenant to reside in the rental, you should always perform a screening. In the screening, you want to look at the tenant's employment history, perform a general background check and look at their credit score. It…

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A lease or a rental agreement is a contract between a landlord and a tenant. It clearly defines the terms and expectations between the landlord and tenant within the duration of the renting period. A lease or rental agreement is a legal contract, meaning that either party can seek legal redress in case of a violation. For a lease to be effective, there are certain terms that it must contain. The following terms should get you started. 1. Names of All Adult Tenants Living on the Property Having the names of all the adult tenants living on the pr…

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