AnswerPortfolio & AI tools
What if a tenant abandons the unit?
Apparent vacancy is not conclusive legal abandonment. Review the jurisdiction's criteria, agreement and evidence before retaking possession,...
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AnswerRent & payments
What if a tenant pays partial rent?
Record the amount actually received and the remaining balance. Before agreeing to a payment plan or taking further action, check the lease and...
AnswerPortfolio & AI tools
What if my tenant is harassing the neighbors?
Take specific reports seriously, address immediate danger through appropriate emergency channels and investigate conduct fairly. Use evidence and...
AnswerPortfolio & AI tools
What if tenant damage exceeds the security deposit?
A deposit balance does not cap or prove a tenant's legal liability. Document the loss, complete the required deposit process and obtain advice on...
AnswerGetting started
What insurance do I need as a landlord?
Tell your insurer exactly how the property will be rented and ask for coverage suited to that use. Review building coverage, liability,...
AnswerAccounting & taxes
What is a cost segregation study?
A cost segregation study analyzes a property's costs to identify assets that may have different tax recovery periods. Its value depends on your...
AnswerPortfolio & AI tools
What is a good cap rate for a rental?
A capitalization rate is generally annual net operating income divided by property value or price, using a clearly defined convention. Whether a...
AnswerTenant screening
What is a good income-to-rent ratio?
An income-to-rent ratio is a calculation, not a universal legal qualification rule. Determine the permitted income assessment for your location...
AnswerLaws & local guides
What is a housing choice voucher inspection?
Voucher-assisted housing must meet applicable program inspection requirements before or during assistance as required. Confirm the local public...
AnswerLeases & renewals
What is a lease addendum?
A lease addendum records additional or changed terms that are read with the rental agreement. Its effect depends on the wording, required...
AnswerMove-outs & deposits
What is a move-in move-out inspection checklist?
Use the same organized record at move-in and move-out so condition can be compared. Include rooms, fixtures, keys, photos, comments and follow-up,...
AnswerMove-outs & deposits
What is a pay-or-quit notice?
A pay-or-quit notice generally demands payment of a qualifying rent amount or departure within the legally required process. Its availability,...