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Making sure your rental property is well maintained, and livable is one of the most important duties you have as a rental property owner and your tenants are more likely to rent from well-maintained property. Such efforts not only help you to save the time and resources spent on repairs but they also help to improve your assets' value. At Mark Thomas Properties we believe maintaining your property correctly is critical to your success as an investor. So, we have provided the below tips to help you manage the maintenance of your property. Sched…

The term “normal wear and tear” is commonly used in the rental market. This term typically refers to the reasonable and expected depreciation of the property as a result of normal use. As a rental property owner, knowing what is considered as normal wear and tear is crucial. This can help you determine the maintenance and repairs that are due to reasonable wear and tear, and the ones that are due to neglect and abuse. When you run a rental business, wear and tear is usually a landlord’s responsibility to fix. But the tenant should be held acco…

Dealing with property damage caused by tenants is a stressful situation.Though property damage can happen to even the most responsible landlord, that doesn’t mean that there aren’t measures you can take to avoid such a serious problem. To lessen your risk of property damage caused by tenants, we’ve put together a list of measures that have worked well for our clients. Screen Prospective Tenants Screening prospective tenants is a proven measure to avoid future damage of your rental property. And it’s one of many reasons that you can trust Mark…

Landlords have many responsibilities after they rent out their properties. One of these involves resolving tenant complaints. Despite renting to the best tenants, complaints are an issue that you’ll inevitably come across at some point during a tenancy. When tenant complaints come up, you’ll want to handle them quickly and efficiently to keep your renters happy. The last thing your tenant will want is having their concerns delayed or not addressed at all. That would be a recipe for high tenant turnover rates, among other things. Generally spe…

Choosing the right tenant to live in your rental property is key to how successful the overall investment will be. The right tenant will, among other things, care for your investment property, make timely rent payments and communicate with you readily regarding maintenance. But how exactly do you find the right tenant for your rental property? Well, you start by screening your prospects thoroughly before allowing them to move into your rental property. To help you with this, we at Mark Thomas has put together the following is a quick guide to…