Rental Property Tax Deductions: What Landlords Should Know – Keyrenter Main Line
There are many exciting and interesting things to learn about being a landlord. But, one of the most often overlooked topics is rental property tax deductions! As a new or experienced landlord, you need to take the time to become a master of your taxes to ensure...
A Landlord’s Guide on How to Help Tenants During the Covid-19 Pandemic – Keyrenter Main Line
The COVID-19 crisis has left millions of Americans in a tight financial spot. Many have been furloughed, laid off, or had to close their businesses. Others are saddled with medical bills from hospital stays or are dealing with grief from losing a loved one to the...
Essential Things to Do If Your Tenant Can’t Pay Rent – Keyrenter Main Line
The COVID-19 pandemic has put over 40 million people out of work in the US–a full quarter of the labor force. While there are no reliable estimates as to how many of these people are renters, we do know that nearly 50 million people in the US rent their homes. ...
How to Choose Between a House and Apartment for Rent
Renting a space has many advantages. A renter has a lot of flexibility. The renter can simply decide to go somewhere else to live if they please. The renter is also not tied down by a huge financial investment that may fluctuate from year to year. Renters are also...
Preparing Your Rental Property for Winter: Your Official Guide – Keyrenter Main Line
Did you know that every year winter storms cause an average of 1.5 billion dollars in property damage? If you own rental property, you may be curious about finding the best ways to properly winterize your investment homes. Keeping up with the property maintenance for...
How Property Management Can Streamline Your Rental Business – Keyrenter Main Line
When people take their first steps into becoming a landlord, they often expect that it will be a simple way to make a passive income. The dream is clear: find a tenant, put them in your property, then sit back and relax as the rental payments come in. The reality is...
The Importance of Regular House Inspections
As a property owner, regular house inspections are a proactive way to protect the overall value of your investment. While it is important to respect your tenants’ right to privacy, inspecting the rental home serves both you and them. In this article, we...
What is Considered Normal Wear and Tear in Rental Properties
A common term associated with property management is “normal wear and tear”. This refers to the expected depreciation that results from a tenant living in a property, not damages that result from a tenant’s abuse or neglect. But what does this really mean? Determining...
How to Properly Conduct a Tenant Screening
Every landlord knows that tenants can make or break a rental experience. A good tenant will allow you to do little work and still receive payments on time. However, a bad tenant will leave you to wonder about the state of your property as you write a “pay or leave”...
How to Best Deal With Problem Tenants
In property management, problem tenants are an unpleasant but almost inevitable part of life. Many problem tenants target small landlords who may be more flexible. Or perhaps they never intended to become a problem tenant but now it’s too late and they have to...
Common Landlord Mistakes to Acknowledge and Avoid
There are many things that landlords are responsible for. Due to this, it is possible and even common for landlords to make some mistakes. Knowing some of the most common landlord mistakes can help you to avoid making them. Insufficient Insurance Insurance policies...
Best Practices For Keeping Pests Out of Your Rental Property(s)
In most states, it’s legally required to offer and maintain a pest-free rental. However, it’s also a smart way to save money. It’s estimated that termites alone cost American homes more than $5 million in damages every year. Not to mention the fewer problems your...
Top Tips to Fill Your Rental Property Vacancies Fast
Vacancies ultimately result in expensive costs for landlords. The landlord will still be responsible for paying the regular expenses of maintaining a property, including taxes, maintenance, utilities, and the mortgage, but the property will no longer be bringing in...
Cheap Ways to Upgrade Your Rental Property While Increasing Its Value
Investing in upgrades to a rental property is very different from upgrading your own home. When you upgrade your home, you will likely choose an investment that will make your home more convenient or comfortable. However, when you upgrade your rental property, you...
Things You Should Include in Your Lease Agreement
The lease agreement can have a significant impact on your business. It helps to ensure that both you and your tenants are protected throughout the rental process. It is important to carefully consider every aspect of your lease agreement, as well as ensure that you...
The Major Steps of a Tenant Eviction in Philadelphia
Tenant evictions are never fun processes to go through. When it becomes necessary to evict a tenant, the landlord will have to follow the related laws in Philadelphia. Failure to follow the tenant eviction process can cause a landlord to suffer serious legal...
3 Upgrades the Really Boost Rent
If you want to reduce the risk of vacancies with your rental property, it pays to invest some money into upgrading the unit. Simple things like a fresh coat of paint are one thing, but tenants deserve to have a unit that they enjoy living in. Keyrenter Property...
Bed Bugs in Philadelphia
Bed bugs are small, wingless insects that feed on warm-blooded species to survive. Bed bugs were a problem in the early 1900’s, but then new pesticide developments helped to control them from spreading. However, in the past decade there has been an increase in bed...
How Much Do Property Management Companies Charge?
Property management company fees vary with different groups, so it is difficult to provide a flat-rate fee for everyone. The costs vary on a number of factors from how much engagement a property management firm handles. Let’s break down the costs of property...
Everything You Need to Know About Renters Liability Insurance
You may think that your landlord insurance policy will protect you no matter what goes wrong in your Philadelphia rental property. Unfortunately, covering your rental property is more complicated than that. A landlord insurance policy may save you thousands of...
How Does Property Management Work
Have you been on the fence about hiring a property management company to help you? Property managers are beneficial as they do tend to remove the day-to-day stress that comes with managing tenants and keeping up with property maintenance needs. However, understanding...
How to Avoid Bad Tenants
On average, an eviction costs a landlord just over $5,000 when lost rent, attorney fees, court costs, etc. are factored together. Repairing damage to a rental property leaves the landlord out-of-pocket another $2,200 or more. Renting your property to the wrong tenants...