Blog

Scheduling For Your Residents

Charlotte Property Rental
Apartment living is not always easy for everyone. Each person just wants to live out their lives without much input from their neighbors, but in apartment living this isn't always an option. Thin walls, nosy neighbors, and scheduling differences abound and can cause friction between your residents if someone has different ideals about what is normal or okay to do in regards to apartment living. This is why sometimes having a sort of schedule for your residents may just be the best idea.
Although it may seem a little collegiate, having something like "quiet hours" or "courtesy hours" are not particularly uncommon in a complex. These are times when people should pay extra attention to how much volume they are making and generally take place at night. For example, asking people to be extra quiet from midnight until nine in the morning during the weekend but from nine pm to nine am during the rest of the week may be perfectly acceptable. The rest of the time, especially if you are having noise complaints, maybe just remind your residents that people can sometimes hear each other and keep an eye on how loud they are being.
Another thing that you may want to put up hours for is the laundry if you have some on sight. For example, my current apartment sits right on top of my building's laundry room and as a result I can always hear when someone is doing a load of wash. Although I understand that doing wash at two in the morning is sometimes a necessity, I certainly don't like being woken up by a machine kicking on. There are some people who sleep very lightly and it can be a cause of contention if they are woken up like this. Post hours of use in your on-site laundry room and hopefully your residents will follow them.
Although no one really likes to have schedules placed on them in regards to their housing, many of these things are rather small and are based off of common courtesy. As a result, most people will not mind small things like this but it certainly doesn't hurt to remind your residents that they may be doing something that can disturb others around them. Try having small schedules for those who live in your apartment buildings and complexes and see what everyone things about it.

Moving During The Middle Of The Month

Charlotte Property Rental
Sometimes, residents move in the middle of the month. This is rare, but it certainly does happen. This is especially true if you are currently on a month to month lease agreement with your tenant. Sometimes apartments are listed with a move in date in the middle of the month or even have "As Soon As Possible" written down. In situations like these, you may end up getting a notice that your current tenant will be leaving your place in the middle of the month. So what can do you in that situation?
The first thing to know is your state laws. For example, my state says that a landlord can collect a full month of rent even if the tenant leaves part way through. Some states have laws that say if a tenant alerts their landlord after the first of the month, no matter when they move out they must pay the rest of the current month along with the next. While most landlords won't enforce this, it is a possibility depending on your relationship with the tenant and what state they left your rental property in.
If you are the landlord of the apartment that someone is moving into in the middle of the month, you may also have some issues. The main thing to consider is how you want your tenant to pay the rent. Some landlords request the half month (or whatever period of time exists before the next month begins) and the full next month up front, others simply ask for a month at a time and get the check in the middle of the month. Others still will break it down into future monthly payments until the amount has been met for that little bit of time before they drop down the payments to the agreed upon amount. At the end of the day, the decision is yours but you need to be sure that you keep tabs on how it's going to work.
There is nothing wrong with moving in the middle of the month, but it may take a little extra work on both the tenant and landlord's part. Remember to read up on your state laws to know what your rights as a landlord are when it comes to a resident moving in the middle of the month and how you want to handle it.

Landlord Tips

Charlotte Property Rental
Becoming a landlord is an exciting and scary situation to find yourself in. There are some great things that come with being a landlord that you don’t really get with anything else. It’s such a varying way to make money, after all. You can rent out a single property or it can be your main/only source of income depending on how many units you have on the market at any one time. With so much that can be different from one landlord to another, there is quite a lot that can go wrong. This is especially true if you haven’t been doing this for long. Here are some tips to think about when you become a new landlord.

1.     Rent Collection. While it may seem like this would be the most obvious thing to keep on top of, it is also one of the most difficult things for many landlords to approach their tenants about. If your resident doesn’t send in their rent check on time, it may not seem like a big deal as long as it shows up within a few days. However, this may end up setting a precedent for them which says they can send payment to you late and it won’t matter. You are well within your rights to charge a late fee if you do not get your money by a certain time. There’s nothing wrong with giving your tenant a little leeway if they talk to you about it, but just letting it slide can really put you in a sticky situation if court proceedings ever need to occur over rent payments.

2.     Online Payments. One great way to avoid late payments is to collect your rent money online. It can easily be set up so that your resident has an auto-pay system which means they don’t need to remember to write out a check every month and worry about the post office losing the envelope or it being stolen. It is much more secure than other traditional methods of payment and most will be thankful for the ease of payment.

These are only two of the dozens of tips that we can give you, so stick around for a few more. You never know, there may just be a couple that you hadn’t thought of before, even if you’re an experienced landlord.

Inspections

Charlotte Property Rental
Having someone move into your rental property can be a scary thing. After all, you are trusting someone you don't even really know to not trash something you have put a lot of time, effort, and money into. Most of the time this isn't an issue, but sometimes it can end up biting you. I know I've certainly gone into apartments that had just been moved out of only to find a horrid mess that took ages to clean up again in order to show the space to new people. Sometimes, entire carpets or sheetrock need to be replaced due to the negligence of a previous resident. One thing that I have heard of some landlords doing to help prevent this issue is to host inspections.
Of course, in most states it is illegal for a landlord to come over unannounced without due cause. However, asking to show up a week ahead of time just to check in on the residents and the state of the apartment are fully within your rights. This gives them enough time to clean up any excess mess that comes from living in an area while it means that you can still see any damage that may have occurred at the hands of your tenants. Pets, children, and even clumsy or possibly drunk adults can cause a good amount of damage in a short period of time and sometimes it can help to put your mind at ease just to see that your apartment isn't torn to shreds.
Many apartment complexes have inspection laws written into their bylaws, regardless of whether or not they enforce them. For example, my complex can enter my apartment for an inspection for anything from seeing if we have enough carpeting down to checking for holes in the walls. Most people have never had an inspection, but it also allows the complex to make sure that there are not too many people living in one apartment. It is rare, but the inspections do certainly happen.
For the most part, you will not need to do inspections on your rental property while someone is still living in them. However, you may want to be upfront and tell your new resident that they may occur. This should ensure that they will be more careful when moving around in your apartment.

Moving In The Middle Of The Month

Charlotte Property Rental
Sometimes, residents move in the middle of the month. This is rare, but it certainly does happen. This is especially true if you are currently on a month to month lease agreement with your tenant. Sometimes apartments are listed with a move in date in the middle of the month or even have "As Soon As Possible" written down. In situations like these, you may end up getting a notice that your current tenant will be leaving your place in the middle of the month. So what can do you in that situation?
The first thing to know is your state laws. For example, my state says that a landlord can collect a full month of rent even if the tenant leaves part way through. Some states have laws that say if a tenant alerts their landlord after the first of the month, no matter when they move out they must pay the rest of the current month along with the next. While most landlords won't enforce this, it is a possibility depending on your relationship with the tenant and what state they left your rental property in.
If you are the landlord of the apartment that someone is moving into in the middle of the month, you may also have some issues. The main thing to consider is how you want your tenant to pay the rent. Some landlords request the half month (or whatever period of time exists before the next month begins) and the full next month up front, others simply ask for a month at a time and get the check in the middle of the month. Others still will break it down into future monthly payments until the amount has been met for that little bit of time before they drop down the payments to the agreed upon amount. At the end of the day, the decision is yours but you need to be sure that you keep tabs on how it's going to work.
There is nothing wrong with moving in the middle of the month, but it may take a little extra work on both the tenant and landlord's part. Remember to read up on your state laws to know what your rights as a landlord are when it comes to a resident moving in the middle of the month and how you want to handle it.

Page 4 of 78