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It’s true that property investments and leasing are good sources of passive income. However, without long-term tenants on your property, this cannot be achieved. With long-term tenants, you’ve assured a more steady stream of income. It also means saving money and time that would go towards finding new tenants. But to land qualified, long-term tenants landlords have to put in continuous effort to ensure their renters are satisfied. This guide will provide you with some tips and tricks to land and keep long-term tenants. Offer a Warm Welcome W…

To stay in its best condition, your property requires regular maintenance and care, but not everyone knows where to start. Though you shoud always renovate your property if need be, maintaining it doesn't have to be as expensive or as hard as it may seem. With decades of experience in the property industry, Taylor Street Property Management breaks down what you should know about the responsibility of both landlords and tenants for the maintenance of the property. Landlord Property Maintenance Responsibilities First and foremost, landlords rea…

A lease agreement establishes and binds the relationship between a landlord and tenant. The agreement is a legal document that explicitly describes the responsibilities of both the landlord and tenant. A solid lease or rental agreement acts as a guide, offering counsel and direction during tough situations. It provides information on rent collection, enforcement of penalties and fines, and also on property management issues. This article will provide a guide to landlords to help them craft a solid lease agreement. The Importance of a Lease Ag…

A lease is a contractual agreement between the landlord and the tenant. Tenants who sign a lease agreement, also known as a rental agreement, normally intend to stay until it expires. Sadly, this isn’t always the case. A tenant may need to move due to a job transfer, a divorce, or even a military deployment. Whatever the reason, though, breaking a lease is a serious violation and as a landlord, you may be able to recoup your losses by penalizing the tenant. But whether or not to penalize a tenant depends on their reason for breaking a lease. …

Defining Squatter’s Rights in Arizona Adverse Possession is a form of squatter’s rights. If a squatter resides in your Arizona property for a certain amount of time and meets a specific set of guidelines, then your property may be at risk of becoming theirs legally, even without an exchange of payment. As a property owner, you must familiarize yourself with the laws surrounding Squatter’s Rights in Arizona to prevent costly issues down the line. Understanding Squatter’s Rights in Arizona A squatter must be in possession of your property for a …