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Deciding whether to allow tenants to paint your rental property can be a challenging decision for landlords. While some tenants may view this as a way to personalize their living space, landlords often have to weigh the potential benefits against the risks and costs. Striking the right balance between tenant satisfaction and maintaining the property’s value through regular property maintenance is essential. This article breaks down the pros and cons of allowing tenants to paint, offers considerations for making an informed decision, and expl…

Are you finding it challenging to build and maintain a positive relationship with your Durham residents? As a landlord, managing properties is just one part of the equation—the real key to long-term success lies in fostering respectful and cooperative relationships with the people who call your property home. Strained relationships can lead to late payments, property damage, and even high turnover rates, all of which can cost you time and money. However, it doesn’t have to be this way! By taking a proactive approach and implementing strategi…

Have you ever faced costly repairs or frustrated residents due to water damage in your rental property? As a landlord, water damage is one of the most common yet preventable challenges that can disrupt your property’s value and your peace of mind. Whether it's a small leak that goes unnoticed or a burst pipe during the winter months, water issues can escalate quickly, leading to structural damage, mold growth, and dissatisfied residents. By including clear maintenance responsibilities in your rental agreement and conducting regular inspections,…

As a tenancy nears its end, either party has the option to ask for a renewal or outright termination. If either party chooses the latter option; as a landlord, you may need to provide the tenant with a move-out letter. A move-out letter will help you lay out your expectations before going your separate ways. This is important to ensure that the separation is amicable and on good terms. On your part as a landlord, it’ll ensure that the tenant leaves the unit in good condition. And as a result, this can help you rent it out quickly after the te…

As a landlord, you must be intentional with your career to succeed. Treat it just like you would any other business and aim to be as professional as possible. Property management is in the service industry. And how well you treat your tenants will usually directly impact your bottom line. If you treat them well, you can expect repeat business and vice versa. The following are some of the things you should be doing every year but probably aren’t. Keep reading this article to learn more! Sign Long-Term Leases Lease and rental agreements can eit…