Repaint main rooms between each tenant

Do you paint your rental unit between tenants? Should you? Everyone knows it’s easier to market and show a rental unit when it is aesthetically at its best; that means professionally cleaned carpets, a pristine bathroom, and a glistening kitchen. But what about the walls? Nicks and scuff marks on the walls can make even the cleanest apartment appear unclean and “used.”

Most people don’t ever wash their walls, but dust, dirt and residue from smoke, perfumes and other things can build up on them, making them appear dingy. Barely noticeable to a casual observer, if you look closely at a wall inside any residence, you can tell whether or not the room is actually really clean.

Repainting at least the most high-traffic rooms between tenants is always a good idea. Even if by some miracle your tenant hung no pictures or curtain rods that required any kind of drilling, screwing or nailing hardware into the walls, chances are they did have and move furniture inside the residence, leaving scuff marks and scratches on corners and in hallways.

Knowing that you’ll most likely be repainting frequently, don’t spend a lot of money on super-high quality, super-expensive paint. Select something neutral and bright, and include a stipulation on the lease that allows for the tenant to paint ONLY IF they agree to repaint to the original color before moving out. Last but not least, select a paint color (and write the exact color name, number and manufacturer on the rental agreement) by a high-profile, easy-to-find brand, so you’ll be able to match the color exactly the next time a tenant moves out

Visit ATS Inc's homepage for more information about our Tenant Screening Services 

Follow ATS Inc on Twitter!

Girl becomes homeowner, landlord at age 14

Rental property investment is a business more and more people are getting into as a second, or even retirement, career. But Port Charlotte, Fla., might have the youngest landlord in the U.S. Fourteen-year-old Willow Tufano bought a house in a short sale in Port Charlotte for $12,000. The three-bedroom house is now rented out for $700 a month.

According to news reports, the home had been on the market for $100,000 at the peak of the housing bubble. It was listed at $16,000 but Willow (and her mom) got it for $12,000. Willow put down $6,000 cash and her mom, a real estate agent, ponied up another $6,000 for the house.

The teenager, who recently appeared on “The Ellen DeGeneres Show,” said she earned her money primarily from offering a service where she clears out foreclosed houses on behalf of the new investors, picking through the stuff and reselling any goods or appliances that she can. She also spends her weekends looking for deals from garage sales and reselling them for a profit on Craigslist. She started buying and selling things at age 12 and had $6,000 saved in a year and a half.

After closing on the house, she made a few improvements and turned it around to rent, becoming a new landlord at the ripe old age of 14. Not a bad start to what surely will be a career in rental property investment.

Visit ATS Inc's homepage for more information about our Tenant Screening Services 

Follow ATS Inc on Twitter!

Four key factors to consider when investing in vacation rental property

A few years ago (OK maybe more than a few), buying a vacation rental property seemed like a dream to many. Mortgage rates were high, properties were expensive, and available inventory in prime locations was relatively small.

But this isn’t a few years ago. Today, making your dream of owning vacation rental property is within reach, thanks to more vacation properties for sale, dropping prices and lower interest rates.  If you’re in the market to become a new landlord of a short-term rental, the key is to find the perfect property to make those dreams come true. Here’s what you want to keep in mind:

1 Location, location, location. Everyone envisions a gorgeous villa on the beach with spectacular views of the ocean. While oceanfront vacation rentals are among the most lucrative, there are plenty of other locations that can bring in rental revenue year-round. Think about what attractions are around you, think outside the box. Are there excellent shopping opportunities like huge outlet centers that draw crowds from out of town. Are you near a large college with a huge following of fans that are perpetually in need of a place to stay for games, graduation and other special events?  What about great golf courses or nearby amusement parks? The more attractions that are within an easy drive of your rental property, the better chance you have of keeping the place booked.

2

 Your budget. Be realistic about how much you want to spend on a vacation rental property, including what you’ll need to spend to furnish the place for your guests.

3.The size of property you need. How many people/couples/families are you hoping will be using the property at any given time?  Though not necessary, having a bathroom for each bedroom is ideal.

4Your future plans. How often do you plan to stay at the property? Do you hope to move there one day? If so, you want to select a place that suits your needs as well, though that should be secondary if your plans don’t include moving in for several years. You never know what might change by then. 

Visit ATS Inc's homepage for more information about our Tenant Screening Services 

Follow ATS Inc on Twitter!

Save social media for marketing

Businesses of all kinds are using social media, mostly as a marketing and public relations tool. Facebook pages, Twitter feeds, LinkedIn profiles and Pinterest accounts are quickly becoming must-haves in many industries. Interacting with consumers, gaining followers, promoting products and services … it all can be done online for free through social media sites.

But some businesses are finding another use for social media: Background checks. It’s a tempting practice, the ease with which you can look up a potential employee or tenant on Facebook to see what kind of person you’re about to hire – or accept as a tenant. But is it a good idea?

We think it’s a risky endeavor for a few reasons. First of all, there are privacy concerns associated with using people’s personal information and photos to make a judgment about their potential as a tenant. In fact, Fair Housing laws are in place to keep such discrimination at bay.

Second, it’s too easy to make a mistake. There are tons of folks out there with the same name, and you can’t be absolutely sure you’ve got the right Jane Doe’s Facebook page or Twitter feed. And even if you’re sure it’s the right person, the inferences you make about what you see could very well be false. For instance, just because Jane has a lot of photos of herself with two big dogs doesn’t mean they’re her dogs and will potentially be moving into your rental property with her.

It’s best to stick to the tried and true tenant screening methods of having the tenant applicant undergo a credit check, background check and employment verification. Leave the social media to your marketing plan

Visit ATS Inc's homepage for more information about our Tenant Screening Services 

Follow ATS Inc on Twitter!

Landlord can’t evict tenants for being Bears fans

We’re not sure how legitimate this claim is, but it gave us a chuckle and brought up a decent point about discrimination in the business of property management, so we thought we’d pass it along:

A landlord recently posted on the Landlord Protection Agency forum asking about the legality of evicting tenants who supposedly lied on their tenant application about being fans of the Green Bay Packers. After the couple moved into the home – which is within walking distance to Lambeau Field – they placed lawn ornaments, flags and other paraphernalia outside the home proclaiming to be Chicago Bears fans. This drew the ire of the absentee landlord, a Packers fan who is renting out his home until he retires in a few years and heads back to his beloved Green Bay.

According to the landlord, the tenants’ Bears paraphernalia had angered the neighbors and he was wondering if lying on the tenant application was grounds for eviction. The short answer is no. Lying about one’s employment or criminal record could be grounds for an application to be rejected, but someone’s affiliation with or involvement in a particular club, sport, team, church or other organization is protected under privacy laws. It’s unlawful to deny housing based on something that does not threaten the life or well-being of anyone, and is none of the landlord’s business.

While we’re on the subject, let’s also review the Fair Housing Act (Title VIII of the Civil Rights Act of 1968), which outlawed:

• Refusal to sell or rent a dwelling to any person because of race, color, religion, sex, or national origin.
• Discrimination based on race, color, religion or national origin in the terms, conditions or privilege of the sale or rental of a dwelling.
• Advertising the sale or rental of a dwelling indicating preference of discrimination based on race, color, religion or national origin.
• Coercing, threatening, intimidating, or interfering with a person's enjoyment or exercise of housing rights based on discriminatory reasons or retaliating against a person or organization that aids or encourages the exercise or enjoyment of fair housing rights.

Visit ATS Inc's homepage for more information about our Tenant Screening Services 

Follow ATS Inc on Twitter!