Thursday, December 19, 2013

Do’s and Don’ts Tenant Screening


This one goes out to all of the new landlords, or those feeling hurried with the hustle and bustle of the end-of-the-year:


Do:

Call the tenant’s references listed on the rental application.


Don’t:

Email or text the tenant’s references. You need to speak to a REAL person.

DO: Pick up the phone & speak with references


Do:

Run a credit check.


Don’t:

Ask the tenant applicant for a credit score and take their word for it.


Do:

Verify employment. Check a website, make a phone call and get proof the applicant is employed where they claim to be.


Don’t:

Take “self-employed” as an answer. Request W-2’s to prove there is an actual income!


Do:

Verify identity with license or government issued form of ID.


Don’t:

Ask them about their religion, sexual preferences, or native origin. It’s none of your business and has no weight on your decision to enter into a lease according to the Fair Housing Laws of the United States.


For this and more information about tenant screening, please visit our website at http://www.atshome.com


<script>
  (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){
  (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),
  m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)
  })(window,document,'script','//www.google-analytics.com/analytics.js','ga');

  ga('create', 'UA-46720265-1', 'alwaysscreen.blogspot.com');
  ga('send', 'pageview');

</script>

Wednesday, December 11, 2013

Landlord Christmas List


Are you making a list and checking it twice? Here’s our list of people every landlord should include on his/her Christmas list!

 
Make your list, and check it twice!

1.      Your tenants: They like to know you are thinking of them during the holidays. A personalized not goes a long way in keeping the relationship running smoothly.

2.      Your trusty handyman: If he works weekends or holidays, you might want to send him more than a card. A bottle of wine or gift card to Home Depot couldn’t hurt either!

3.      Your security man (or service provider): Goes without saying, let them know you appreciate the work!

 

Others not to forget!

 

4.      Office Assistants: Because without them, you’d be completely disorganized!

5.      Property Managers: After all, you trust them with your investment

6.      Trash provider: Not an easy job, especially if you have multiple units

7.      Lawyers: As much as they love when you call for a problem, they like to hear from you when things are going well, too!

8.      Tenant Screening provider: Just because J

9.      Mail carrier: Their job isn’t easy either, especially if your property has multiple units and frequent change of faces.

10.  Real estate agents: You never know when you’ll have to call them up for help in filling a vacancy or buying a great investment property!

 

For this and more info on landlording, please visit us at http://www.alwaysscreen.com

Thursday, December 5, 2013

Landords: Planning to take a holiday break? Here’s how!


We know that working in the property management industry it’s almost impossible to “disconnect” and break away for a vacation. But, perhaps this year you can no longer put off that trip to see Grandma for Christmas, OR you’re finally taking a long weekend to go skiing. After all, landlords deserve vacation, too! 

 
Before you take a holiday vaca, make sure your interim landlord is prepared!


So, assuming there is someone that you trust implicitly being left at the helm, here’s our advice on ways to ensure things go smoothly in your absence:

 

1.      Make sure your stand-in has the names, phone numbers and and addresses every single one of your current tenants.

2.      Provide your sub with an extra set of keys that are PROPERLY LABELED for each unit.

3.      Leave behind a credit card or some signed blank checks in the event theirs a major event (i.e. costly repair) that is needed while you’re away

4.      Send your tenants a letter or email informing them of your vacation plans, and the name of your substitute landlord, and all of their important emergency contact info.

 

Just taking a few extra precautions can ensure you get a restful break from the daily grind of landlording.

 

For this and more tips on managing your properties over the holidays, please visit our website.

Wednesday, November 20, 2013

Reasons Landlords Should be Thankful


1.      New laws favor landlords

Over the past year, we’ve told you about several laws across the US that have been passed in favor of making your job easier. In Florida, it’s now easier to evict and landlords in Wisconsin can throw away abandoned items without facing prosecution.  Having the law on your side is always something to be thankful for!

 

2.      YouTube can help you do anything.

So, perhaps you aren’t a handy landlord. The good news is that it’s 2013, and if you have a computer and the internet, you can fake it until you make it. Did you know there are tutorials on YouTube for ANYTHING and everything home-related? Would you like a 20-minute instruction on installing aceiling fan? How about learning to fix a toilet in 7-minutes? Yes, we will always be thankful for YouTube.

 
Be thankful the answer to many questions are just a click away

 

3.      Delinquency and Foreclosure rates have improved

How much have they improved? Some estimates say to their lowest rate since 2008. This is good news for property owners everywhere, as a dip in foreclosures and delinquencies can only help the value of your own property to stabilize or perhaps finally see some improvement!

 

 

So what are you thankful for this year? Tell us below! For this and more information about landlording and real estate investing, visit our website at http://www.alwaysscreen.com

Thursday, October 24, 2013

Landlording by the #’s


Here are some interesting numbers and statistics about landlording in the United States:

 

·         Rented single-family homes are on the rise in the wake of the housing bust. Thirty-two of this country’s top metropolitan regions 1/5 of all occupied single-family homes are rentals (USA Today)

 

·         29% of single-family homes in Las Vegas are now occupied by tenants (USA Today).

 

·         Landlord insurance typically costs 25% more than homeowners insurance. (Houselogic.com)

 

·         Expect annual repair and maintenance costs to run about 1% of your property’s value every year. So, if your home is worth $100,000, you will probably spend at least $1000 in repair and maintenance. (MSN Money)

 

·         If your state does not have a law regulating late rent fees, know that a good average is 5% added on to the amount owed. (NOLO.com)

 

·         32% of homes in the United States are renter-occupied (National Multi Housing Council)

 

  

 
For this and more information for landlords, visit our website at http://www.alwaysscreen.com

Wednesday, October 16, 2013

Which is better: Hardwood or carpet?


Every property owner has to grapple with that all-important choice: carpet, or hardwood?

 

For homeowners, the decision should be based on lifestyle. But for landlords, there is more to it. There are several pros and cons to both surfaces, so here are some things to consider:

 

Noise

Is your rental on a second floor or higher? Some buildings mandate carpet flooring if there is living space below the unit because of the noise. Carpeted rooms are quieter than hardwood and for that reason some people also prefer it on the 2nd floor a two-story home.

 

Pets

Animals can ruin carpet easily, so if you allow them in your rental unit you might want to consider hardwood (or even laminate flooring). That’s not to say pets excrement can’t ruin hardwood also, but those circumstances would have to be extreme. Constant carpet replacement and cleanings can get expensive if pets ruin them frequently.

 

Expense

If you are remodeling a rental, consider that hardwood is expensive to install – up to more than $10/sq ft. Carpet can run up to $5/sq ft. However, wood is longer lasting. While it’s a bigger investment up-front, it will add value to your property for years to come as it rarely needs to be replaced.

 

Routine Upkeep

Carpet will hide everyday dirt better than hardwood. A tenant would have to sweep a hardwood floor more frequently than they’d need to vacuum carpet.

 

So which do you prefer in your rental and why? Comment below!

 

For this and more landlord tips, please visit ATSInc’s website today!

Wednesday, October 2, 2013

Kelly Osbourne sues her Landlord


Reality star and TV host Kelly Osbourn is suing her West Hollywood landlord after he refused to return her sizeable security deposit. Osbourne claims the landlord failed to properly inspect the apartment before she moved in, and is now holding her responsible for damages she didn’t cause.

 
Kelly Osbourne is suing her West Hollywood landlord
 
The landlord kept the whopping $18,700 security deposit for both damages and cleanup charges. The rental is located in a building where condos have sold for upwards for $3 million. Other celebrity tenants there have included Lindsay Lohan, who had her own issues with a previous landlord.

For this and more information on why landlords can retain security deposits, visit ATS Inc.’s website at http://www.atshome.com

Wednesday, September 25, 2013

How Paint Color Affects Mood


Whether or not you decide to let tenants paint the interior is your decision. However, should you be so bold as to forego the standard neutral tones in favor walls with color, keep in mind that your decision could impact the mood of your renters.

Some psychologists believe that color changes the chemicals in our brains, which directly correlates to our brain energy and level of excitement. For example, it is believed seeing the color red can increase heart rate and make us more alert. Perhaps it’s not the best color to use in bedrooms where one goes to relax.

 
Orange is considered to be warm and joyful color. It reminds us of the sun and ripe fruit, and therefore would be best suited for gathering rooms such as a living room or kitchen areas. Your prospective tenants might be turned off to too bold of a color in bathroom or bedroom areas.

A blue bedroom can create a calming effect for tenants
Blue is considered the most relaxing of colors. It should be used in rooms where one wants to feel calm and centered, such as bedrooms, bathrooms, or a personal office space.  Green is on the same spectrum of blue, and is also considered to make us feel serene and refreshed. Keep in mind that you can add green to a room not just by painting, but by adding plants or having a window that looks out to a lush lawn or trees.

For this an other tips on decorating your rental property, please visit our website at http://www.alwaysscreen.com.

Tuesday, September 17, 2013

Landlords to get automatic police updates


The Illinois town of Rockford is about to launch a new landlord registry that will alert property owners of any 911 dispatches made to their rental. The Rockford Apartment agency said they hope the new system will help “bring stability” to neighborhoods, and help landlords to make better-informed decisions about the tenants residing in their rental properties.

In order to register for the alerts, landlords will have to submit their contact information and addresses of their rental units. Those who do not comply could face fines by the city.
 
The way it works is once emergency services are dispatched to a property, the police will update the database and send emails to landlords. Both residents and property managers are hopeful this service will aid them in better managing their tenants.
 
Landlords will know if the police are called to rentals
For this and more information about screening prospective tenants, please visit ATS Inc.’s website today!

Wednesday, September 11, 2013

Why your tenants are moving out (And how to get them to stay)


Retaining good tenants is a great way to save yourself a lot of money. If you have a mortgage on your rental property, pay for advertising , cleaning and painting services, then you know vacancies can get quite expensive.  You need to find out if losing a good tenant is worth several hundreds or thousands of dollars from your bottom line.

 
Save money by retaining tenants

 



1. If you have reliable tenants who give you 30 or 60 days notice without reason, follow-up with them in person to find out why they are moving, and determine if there’s something you can do to change their mind.

 
2. If they tell you the rental is too small, perhaps you own another property with more square footage that you can offer when it becomes available. Or, offer to provide a large, secure shed on the property. Better yet, offer to add more shelving to closets and garage areas.
 

3. If they tell you they want something “newer”, offer to put some money into those upgrades you’ve been avoiding.

 
4. If they tell you the rent is too high, perhaps weigh the pros and cons of lowering it. Offering a $20/month discount for one year might be enough incentive for them to reconsider. After all, moving is expensive and a lot of work. Your tenant might be inclined to stay put in order to save a couple hundred bucks, rather than shell out thousands on a deposit, movers, and setting up utilities. Plus, even if you lose $240 for a year, it still could be much more if you have a vacancy for 1-2 months.

 
For this and more landlord tools, visit ATS Inc.’s website today!

Wednesday, August 21, 2013

Poor tenants to get shown the back door


A New York real estate developer has unveiled plans to build a waterfront tower in the Upper West Side of Manhattan that will include both luxury condos and affordable rentals.  What makes this building unique is that the developer plans to include two separate entrances to the building – one for the wealthy and one for the lower-income tenants.


Officials speculate that the builder is looking to cash in on tax incentives by offering affordable housing, but they want to keep the lower-income tenants are kept separated from those with the big bucks.

Just how much will it cost to use the exclusive entrance to the building? Well, a neighboring building by the same developer sells 1-bedroom condos for $1,000 a square foot.

Poor tenants have to enter luxury buildings through the back


The Department of Housing Preservation and Development is still reviewing the plans, which some lawmakers are calling “a blatant attempt at segregation.”  

What do you think? Should separate building entrances for higher paying tenants be considered discrimination?  

For more information about property management services, or to get the best background check for your tenants, visit ATS Inc.’s website at http://www.alwaysscreen.com

Wednesday, August 14, 2013

Pros of renting to tenants with pets


In a competitive rental market, some real estate professionals might suggest you offer incentives such as free wifi, first months rent free, or a store gift card to qualified tenants just for signing a lease. Others say the solution could simpler: just allow pets.

While pets can be taboo for landlords because of the possibility they could damage your rental, they can also bring about some positive benefits to a property owner.

Let’s look at some of the Pros to allowing tenants to have pets:

·         Less vacancies

If you advertise your rental as “pet friendly,” chances are there will be greater interest in your property.  One study found that rentals allowing pets rented in 19 days, versus 29 days for non-pet-friendly units1.   


·         More long-term rentals

The same study found that tenants with pets tended to rent for an average of 46 months, as opposed to non-pet-friendly units where the average tenant rented for 18 months.


·         More profit for landlords

Researchers also found that landlords who allow pets see more demand, and therefore can charge higher prices for monthly rent. How much higher? According to the survey, 20-30% higher rents.




Tenants allowed to have pets rent for twice as long as those who can’t


What is your stance on renting to a tenant with a pet? If you’ve had a positive experience, we want to hear about it. Comment below!


For more information about tenant screening, and other tools every new landlord or real estate investor needs, visit ATS Inc.’s website at http://www.alwaysscreen.com.

Thursday, August 1, 2013

SF Landlords Sentenced to 4 Years In Jail


Last month, two married California landlords were sentenced to four years in jail after being convicted of several reckless acts aimed at evicting and scaring their tenants. The crimes took place over a two-year span, and led the couple to become dubbed, “Landlords from Hell.”



The district attorney in San Francisco said the landlords harassed their tenants by cutting off power and phone service, changing locks, and illegally removing and/or destroying their belongings. They even were charged with soaking the victims’ clothes and electronics in ammonia and using a chainsaw to cut a hole in the floor of one tenant’s unit. They also severed floor joists in hopes of making the building unsafe, and hoping it would ultimately it collapse under the tenants.

The duo also sent fraudulent emails pretending to be their victims. The emails were aimed at making it appear as though the tenants were threatening to kill the landlords’ children.

Authorities say the motive behind the attacks was all due to the landlords wanting to renovate the rental units and sell them off individually. However, California has strict laws regarding the harassment of tenants by landlords, and prohibits the eviction of tenants without just cause.

For more landlord tips or to get the best background check, visit ATS Inc’s website today!

Follow us on Twitter!

Thursday, July 25, 2013

What people REALLY want in a vacation rental



This week, we’ve discussed how to pick the ideal location for those real estate investors interested in buying a vacation home, and what costs to consider. Today, we’ll examine what qualities tenants are looking for in a great vacation rental.

Privacy
Many people will choose a rental home over a hotel because they don’t want to be away from the crowds. Vacation homes without noisy elevators or private pool can be quite attractive to renters looking for some peace and quiet.

Space
Offer as many sleeping areas as possible without making the home too crowded. Pullout couches, trundles, bunk beds are great ways to increase the likelihood of renters because you can appeal to bigger-sized groups. Some people also prefer a rental property with a fully functioning kitchen so they can cook their own meals, or an outdoor space where they can barbeque and let their children play.

Renters like extra beds in vacation properties


Amenities
Vacationers want to hit the “easy” button when they arrive to a retreat for several days. So, having on-site laundry, free wi-fi, functioning kitchen appliances, and good parking are all big plusses. Also, being near a bus route, bike trail, or having a community gym can be very attractive property features. The more qualities you can offer, the more likely your rental will have high occupancy rates all year long.

Visit our homepage today to find out why ATS Inc. is the best background check choice for landlords, property managers, real estate investors and agents.