Charging Tenants Late Fees: Rental Property Advice

If you did your homework before accepting a tenant, chances are late rent payments will be few and far between for you.  If you rent long enough, though, some renter will eventually be late on a payment.  Even the best tenants aren’t perfect all the time.  This article is a compilation of a few thoughts on late rent payments, what fees you should charge, and how to make the most of late... 

Extra Heavy Items Clause in Lease Agreements

For rental property owners: If your rental property has more than one story or is not built on a solid foundation, you should consider writing an extra heavy items clause in your lease agreement.  An extra heavy items clause informs your tenants that certain extra-heavy furniture items (waterbeds, aquariums, weight sets, home gyms, and similar items) require your consent to be placed on non-foundation... 

Free Lease Agreement for Residential Rental Property Landlords

Our tenants recently informed us that they plan to renew with us for another year.   When they first started renting from us 4 years ago, I was in the midst of a law course as part of my MBA program.  I decided to put some of the information I was learning to (good?) use.  I developed the lease agreement that follows on my own based on information from that class, conversations with other...