What Exactly Is “Normal Wear and Tear”?

What Exactly Is “Normal Wear and Tear”?

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…

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Top Tips to Avoid Tenant Damage to Your Rental Property

Top Tips to Avoid Tenant Damage to Your Rental Property

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…

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Top Tenant Complaints and How to Solve Them

Top Tenant Complaints and How to Solve Them

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…

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A Quick Guide to Effective Tenant Screening in Durham

A Quick Guide to Effective Tenant Screening in Durham

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…

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The Benefits of Renting to Tenants with Pets

The Benefits of Renting to Tenants with Pets

Accommodating pets can have many advantages for a real estate investor. But before deciding to welcome pets in your rental property, it’s important to study the benefits and drawbacks to determine that you’re ready to welcome pet owners in your rental home. Remember that deciding to be a pet-friendly rental space means that you need to add a pet addendum to your leasing agreement. So, with this in mind, we at Mark Thomas Properties have put together this article to help you make an informed decision. Benefits of Accepting Tenants with Pets Whe…

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