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Employment holds steady in October

Landlords in certain parts of the country may encounter more qualified tenants, according to new jobs data from the Department of Labor. The agency reported that 41 states as well as the District of Columbia added jobs during October, with employment decreasing in just six states and remaining unchanged in three others. At the same… Read more >>

Tenant screening the most important aspect of renting

Landlords can leave themselves at the mercy of poor tenants or even scams if they don't exercise thorough tenant screening. A report in Apartment Management Magazine advised that landlords who want to avoid those issues take steps to protect themselves through well-written lease agreements and an organized screening process. The first step, said the report,… Read more >>

Incentives programs leading to lower turnover rates

A major apartment manager is employing unique tenant incentives to reduce the number of residents that move away from their communities. It's a concept that landlords in smaller communities may also want to consider, if they can afford it. Multi-Housing News reports that property management firm Barrington uses a "Resident Rewards Program," which gives tenants… Read more >>

Internet changing lease strategies

Landlords need to adjust to a changing rental environment, one where more tenants are employing digital means of researching and vetting apartment choices. Closing on a lease in today's rental market means increasing one's visibility in the venues where tenants are looking for apartments, reported Multi-Housing News. Many are getting recommendations and referrals from friends… Read more >>

Tenants’ termination notices just as binding as landlords’

When a tenant prematurely submits a notice terminating their lease, a landlord is not obligated to take them back should they decide to withdraw it. A report in the Los Angeles Times says that termination notices submitted by a tenant have just as much legal weight as one written by a landlord. If the tenant… Read more >>

New landlords may be unaware of costs

The state of the housing market has left many homeowners becoming reluctant landlords. This prospect is risky for homeowners, not only because they’re leaving their old homes in the hands of another person, but also because some don’t have the expertise to be a landlord. First-time real estate investors may be unaware of some of… Read more >>