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In addition to providing a place for your renters to reside, as the landlord, you must protect them against risks such as burglaries, unauthorized access to the property, and other incidents. To ensure the safety of both your tenants and the rental property, one of your top priorities should be to strengthen general security by practical methods like increasing light sources, enhancing entry and window security, and conducting thorough tenant screening before leasing. For all landlords everywhere who wish to safeguard their properties, here a…

Putting things in writing ensures proper understanding. Financial institutions typically ask you to sign an agreement before opening an account or releasing a loan. As a landlord renting out your unit, this practice should also apply to you. You should have a signed leasing agreement with your renter. Lease agreements tie the landlord and renter to comply with the terms and conditions set in the agreement. They outline all of the landlord’s duties, property policies, clauses, and disclosures. In case certain situations arise, lease agreements c…

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…