Showing a Property with Tenants
As the lease with your current tenant comes to an end, you receive notice that he or she doesn’t wish to renew their lease. While it’s every landlord's goal to have long-term tenants, sometimes you’ll find yourself having to look for new ones. It’s rare that you’ll be able to market your property and find a tenant willing to move in without seeing the property in person. It’s understandable that a prospective tenant would want to assess the quality of finishes as well as the amenities and utilities for themselves. There are two possibilities w…
Renting Out Your Home in Columbia: Everything You Should Consider
Have you decided it’s time to rent out your house in Columbia, Missouri? As a landlord, you’re bound to enjoy all the benefits that come with leasing property in the “Athens of Missouri.” Columbia has always been highly rated when it comes to livability. It’s no wonder the demand for housing is strong! With an excellent education system, premium health care from the University of Missouri, and beautiful outdoor options, Columbia residents are truly living their best life. Columbia’s economy has been experiencing substantial growth over the yea…
How to Attract Long-term Tenants
Long-term tenants make for consistent income, and having loyal tenants protects your financial spending in terms of maintenance expenses and marketing expenses. Moreover, you’re spared from constant tenant screening which can consume your time and resources. There’s even the added benefit where won’t need to rearrange your schedule frequently to accommodate property showings. Capturing their interest is a must! Ultimately, long-term renters are a landlord’s dream. But how do you get them? Here are tried-and-tested ways to turn your tenant…
Missouri Rental Laws: 11 Frequently Asked Questions about Security Deposits
A Missouri landlord is likely to require a security deposit from their tenant prior to or upon move-in. They require this deposit for the following reasons: To help cover any utility bills that a tenant does not pay before they move out. When a tenant signs a lease, most, if not all, of the utilities will be transferred to them. If they move out without clearing a bill, landlords have a right under Missouri's landlord tenant law to deduct the cost of paying the utilities from their security deposit. To help cover the cost of professional cle…
Breaking a Missouri Rental Contract
A lease or a rental agreement is a legally binding contractual agreement regarding rental properties. It binds the landlord-tenant together, to the terms of the lease agreement for a certain period of time. These agreements may run month-to-month or for a longer period of time, such as 6 months or one year. They often include a security deposit as well, though security deposits have their own set of laws. However, a landlord may run into a case where your tenant wants to break the lease agreement. There are a variety of different reasons they m…