Landlord Profits

Scam Alert: Landlords Beware!

Scam Alert Landlord2Landlord
has been receiving reports from around the country about scammers impersonating landlords in an effort to steal from unsuspecting renters. One such landlord in Ohio arrived at his property to do some repairs on his rental only to find that his keys did not work. He also noticed that his house was filled with furniture. After all was said and done, a scammer had put an ad in the local paper for a house for rent and had been showing it to hopefull renters. The result: a poor family family was out of $3000 in addition to the moving expenses of moving in and out.

Most people thought that the only victim was the renter. The landlord suffered the expense of taking legal action to evict the "tenants", the down time of having a long vacancy period and the cleanup of having to prepare the house for re-renting.

In these times of economic uncertainty, landlords need to be extra vigilant. We recommend making additional drive-thrus during times of vacancy.

Transferring Risk to Residents

Risk Watch

Requiring renter's insurance as a condition of residency can reduce owners' out-of-pocket costs for resident-caused damages by nearly 80 percent.
This article is based on the findings of a nationwaide study of apartment owner,representing more than 800,00 units. The information in this article can significantly reduce operating expenses and boost profitabiltiy. Read On

How to Handle Security Deposits

Probably the most litigated issue between landlords and tenants is the security deposit. Going to court can be expensive and can drain that deposit, leaving you with nothing for the repairs. As a landlord it’s important to iron out all of your security deposit rules when you first rent to a new tenant. Read On

3 ways Screening improves the neighborhood

Reviewing the criminal and credit background of prospective renters online is one of the quickest and easiest ways to reduce potential crime, property damage and other rental issues within your neighborhood. So with web-based tenant screening resources readily available, why don't more homeowners conduct applicant background checks before renting out their property?

The unfortunate answer is most individual property owners don't know they can legally and easily review a prospective renter's criminal and credit background with www.Landlord2landlord.com before making a leasing decision. Here are the top three ways tenant screening improves your neighborhood: Read on

Scam Alert

Consumers lose thousands of dollars each year due to common misperceptions. Here are some popular assumptions:

MYTH: You have the right to cancel any purchase within three days.

FACT: Contrary to popular belief, the three-day Cooling-off Rule (right to cancel) applies to only a limited number of cash or credit transactions of $25 or more. The Rule applies to door-to-door sales or other places other than at the company's regular place of business. Purchases of automobiles and other vehicles are not usually covered.

MYTH: You have the right to a store refund if you request one.

Read Myths

Must see video

If you havent seen the Will Ferrell video, The Landlord, click here. Many fellow landlords have suggested that we post it for our readership.

The Landlord

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Scam Alert: Landlords Beware!