Blog

Tenant Scams

Charlotte Property Rental
As I'm sure you know by now, there are terrible people in the world. This is simply a sad fact of life. Sometimes these people are horrible on a large scale, while others are content to simply be nasty to a few people for no known reason. While we may never know why people are like this, there are some ways to help you catch those who may be trying to rent from you under false terms.
People who claim a rental under false circumstances end up being the downfall to many wonderful landlords. Even the most intelligent can be sucked in by someone who is a good con artist. People who are acting in a criminal nature can be very charming and manipulate others without anyone catching on. While not everyone who acts this way automatically becomes a criminal, there are a few things that should send up a red flag or two. Here are some tips to look out for.
1. Bringing Their Own Credit Report. In today's world, anyone can use a program that edits documents to the point that you may not be able to recognize it as fake. While some people who bring their report in are just trying to be nice and save a little money, it is always good to double check what the companies actually say about them. It's very possible they don't have a good credit history and are trying to hide that.

2. Cash Up Front. While having some cash up front isn't odd, you need to exercise caution and common sense. If your client is offering you six months' rent up front and is ready to move in immediately, you're going to want to check up on them. Most people don't carry that much money around and just because someone has a large lump sum doesn't mean they have a steady cash flow, which is what you should be looking for. Dig deeper into their work if someone gives you an offer like this, no matter how tempting it may be.
We want to make sure that you are protected, especially at this time of the year. Always check up on people and make sure that they are who they say they are because you unfortunately just never know what someone is trying to do.

Packages

Charlotte Property Rental
Now that Black Friday and Cyber Monday have passed, many of us are going to start expecting packages to show up at our doors. The end of November is a common time to buy presents for the coming holidays and many people opt for either online shopping or have to have their items shipped to them due to the high demand of certain things in stores. Personally I am waiting for a total of five packages right now and believe me, I probably look like a kid pressing their face to the candy store window every time the UPS truck goes by. Even though only one of these packages is for me, I want to make sure that I get all of them.
The unfortunate thing is that people have a horrible habit of being atrocious humans to each other. This includes stealing packages that are left on doorsteps which is a common practice at this time of the year. While some companies make you sign for boxes that won't fit in your mailbox, others will just leave them outside without even ringing your bell or knocking on your door. It doesn't matter how safe your neighborhood normally is, either. Criminals know that this time of the year is ripe for easy takings and will travel farther to check doorsteps and porches to grab those unattended boxes.
If possible, we always suggest that you ask a neighbor who is home during the day to keep an eye on anything that may be delivered. They may even want to bring the package into their home until you arrive and can retrieve it. I know that my upstairs neighbor and I have an agreement that we bring any packages left on the stoop inside the front door to prevent theft. These simple things can help prevent you losing any presents that you meant to give.
It is always difficult to make sure that your packages are safe during this time of the year, but keeping an eye on the tracking of your package can help cut down on the possibility of theft. Talk to your neighbors and see if you can help each other out as well. After all, that's what this time of the year is supposed to be all about.

Residence Numbers

Charlotte Property Rental
Every building has a limit to the amount of people that it can hold. This is normally set by a fire marshal, but if you own the building you can set that limit lower if you want. For example, most apartments that have one bedroom have a two person limit. During this time of year, many apartments will see more than two people in an apartment during the day or even for a couple of nights. I don't know a single landlord that would have an issue with this, especially when it comes to people visiting for the holidays. However, how long is too long to be over that set limit?
During the holidays, most people travel to see their friends and family. This can involve going thousands of miles to see someone for a few days before going back home. Sometimes, however, they may stay for an extended period of time. This is common if someone is coming from overseas or if there are multiple events that are spread over a comparatively short amount of time. For example, a friend of mine is flying from Scotland where she now lives to Texas so that she can spend Christmas with her daughter. She will then stay with her for another almost two months until her daughter's child is born. Staying that long in a hotel is not only uncomfortable for most, but also extremely expensive. However, is it okay to have a resident of yours have a guest for that long?
We cannot answer this question for you as we do not have the special circumstances that are keeping your resident's guest there for an extended period of time. We don't even know if you would necessarily know if this was happening depending on how often you go over to check on your residents. However, it is something to think about. Just how long is too long to have someone staying in your rental property when they aren't on the lease? With the new year starting, it may be something you start to consider if you have a resident with a guest who is "only there until they get on their feet". Each situation is different, but sometimes changes do need to be made.

Snow Day Fun

Charlotte Property Rental
Most places above a certain point in this country will experience at least one snow day during the winter. Where I grew up, we would be lucky if we only saw five or six. Often we would be in school for an extra half month due to the snow preventing the buses from running in our area. Although most work places won't close down as easily as schools do, every now and then you will get those storms which shut almost everything down. Those are the days that most kids dream about but most adults dread.
If you have an apartment building or complex, you may be able to help the adults reconnect to their childhoods and enjoy their snow day just as much as the kids do. If you have a snow removal protocol that allows for people to stay on the property, then it is always a good idea to have a few activities planned in a common area so that either the kids in the complex can be taken care of while the adults move their cars or where everyone can have a good time while the snow continues to fall.
A crowd favorite is always going to be hot chocolate and marshmallows. Getting these things doesn't have to be expensive and now you can even get hot chocolate with the marshmallows already included. Having a projector screen and a family friendly holiday movie such as The Polar Express or Santa Claus is Coming to Town is also a great idea. This will keep the children occupied and give everyone some time off of worrying about what they can do while snowed in. After all, isn't this starting to sound like a pretty good idea to do by yourself for a day or two?
The great thing about this is it doesn't even have to be during an actual snow day. If you want, you can plan this to happen one of the weekends of this month as a community event. Having a place where everyone can get together and have a good time is always something that can be appreciated by your residents. It certainly doesn't hurt to save the idea for a rainy, or snowy, day though.

Renting in December

Charlotte Property Rental
Many people looking to rent believe that it is easier to find a rental during the winter months. The thought is that fewer people are going to be moving around the end of the year, which means that any apartments that have been left from the summer and fall will not be picked up around the holidays.. While this seems logical, is there actually any truth to it? Actually, according to a study done by RentHop.com, there most certainly is.
The study followed the average rent of a one bedroom apartment in ten different large areas. The results showed that from November through to April, there was a significant decrease in the amount of rent paid in every single city they checked. Even New York City, which is widely regarded as the most rented out city in the country had a difference of around $140 a month. When you take into consideration the fact that rent in New York City is some of the highest in the country no matter when or where in the city you look, this is an incredible piece of information. Each of the other cities followed suit to varying degrees. There were few exceptions in this study, however Charlotte, NC was one of them.
Interestingly enough, the rentals in your area don't follow this pattern. While the rent was calculated at the highest in August, the second highest month was January. November was actually the cheapest month on average to move to Charlotte, followed by December. There is actually a two and a half percent increase in rental prices between December and January. Unfortunately we don't really have any reason why this occurred in North Carolina.
As property owners in this state, you may have noticed the trend yourself. This may be due to the milder weather seen in your area as opposed to other locations, but even Miami, FL and Atlanta, GA followed this pattern. Knowing this, however, you can adjust your rent appropriately. You may also just want to wait a month or so for someone to come to check out your apartment. Ask around and see if anyone else has noticed this and what they do about it. Sometimes things are just different in some places and there's nothing we can do about it.

Page 2 of 73