Better Tenant Retention and Lower Churn As the first half of 2023 closes, we may be entering a period of economic slowdown which could stall wages and reduce employment levels. Some of your tenants will likely get caught in this temporary downturn. Some will end their lease due to unemployment while others will wave goodbye…

Will You Renegotiate Rent to Keep Tenants Leased? More tenants will be asking landlords for rent reductions in the next 3 months. There is an interesting dynamic that's leading to these increasing rent reduction requests, sometimes legit and sometimes not. Do you know how you'll respond to tenant's rent discount requests? Landlords Can Grant Discounts…

Rent is Due, but Not Collectable Landlords have enjoyed a particularly amazing run since about year 2010 with ultra low vacancy rates, intense rental demand, low mortgage rates, and rising rent prices. It's been an unprecedented decade for residential rental market investors, landlords and property managers. Yet now, with the Corona Virus "great shutdown," it's a…

How to Manage Tenant Leases Easily Tenant leases are at the core of the relationship between the property manager and the tenant. The lease defines the terms of a lease and generates automated accounting transactions. Leases are often created in a non standard fashion, and often landlords simply copy a lease they found on the…