Rentals: Do Not Skip the Property Inspection

Inspecting your property between tenants is crucial if you don’t want to have to pay for damages you discover later. Your tenant signs the lease and without hesitation you hand over the keys with the move-in/inspection checklist. “Get this back to me as soon as you can and let me know if anything is wrong,” you say. Sound familiar? Too many landlords ignore the crucial step of property inspections between tenants. However, the effort to accurately document damages to your property between renters can make recovering repair costs much easier, saving you from having to pay for the damaged item yourself,...

Occupancy: Minimizing Downtime Between Tenants

Looking to achieve maximum occupancy and revenue?  Read our tips below to learn how you can minimize down time between tenants. Rental Success $$ = Rate x Occupancy Here are some ways to minimize downtime between tenants in order for you to achieve maximum occupancy: Know the tenant’s exact move out date. Oftentimes tenants won’t tell you that they’ve moved out before the end of their lease. Someone renting your home through the end of the month may have already left on the 22nd. Find out if the tenant is gone so you can begin preparing the home for the...

Keeping It Clean Between Tenants

Ideas about keeping your property clean during and after tenants! You may find that tenants who stay for longer periods of time tend not to be the best housekeepers. But there are a few ways you can get your tenants to keep your home clean… Leave cleaning supplies inside the property. Mark them clearly as to their purpose, as you don’t want furniture polish being used on your hardwood floors. Keeping supplies under the kitchen and bathroom sinks will provide those much needed hints to your tenants to tidy up. Guide your tenant. Communication is key to keeping your home well...

Rent Negotiating Strategies – how to get renters to pay your rate

Are potential tenants constantly trying to negotiate your price?  Are you worried that you’ll sour the deal if you don’t discount? In general, tenants always ask for a lower rate or rent negotiating. It seems like no one wants nor expects to pay full price for anything…period. But if you’re like us, you want to get a reasonable rate because you’ve priced your property strategically from the start. Here are a few tips to help you get the price you want without souring the deal: Anticipate and Accept the Negotiation. You have researched your market, you know the comps and...

4 Reasons You Should Conduct Background Checks

Don’t forgo the background check or you may be sorry. Read more about how a simple background check can save you from a lot of hassles in the long run. For many property owners, going through the process of conducting a background check on prospective renters may seem like just one more hassle and/or cost. Many property owners will rent out a property to someone because they “have a good feel” for the person upon their initial meeting. Good feelings aside, however, you honestly have no idea who a prospective renter really is. Before you trust them with your...

Renter Tips: Converting Inquiries Into Tenants

CHBO can help you convert inquiries into tenants! You may get lots of inquiries asking about your furnished rental property, but are you effectively converting those inquiries into customers? Here are some tips to help you convert a rental prospect into a customer: Respect each lead. You never know how a lead will turn out so don’t let any stones go unturned. If you don’t call back a lead because you don’t like their proposed rate or because they have a pet, you may be missing out on the perfect renter who is willing to make compromises to work with...

Rent: Should You Take Credit Cards?

Accepting credit cards has its benefits:  Professionalism Convenience Competitive Advantage and more Learn why and how to accept credit cards by reading on. Yes!  Accepting credit cards is a must with corporate tenants who may be traveling on business and using the company card. It may be their only method of paying you. What are some of the other benefits to accepting credit cards? Professionalism: You give your tenants an expected level of professionalism and confidence that you’re running a real business. Convenience: You make it easy for them to pay you with little hassle and added work. They’re busy and...

Rental Tools from CHBO

Welcome to CHBO. Let us find you a renter and rental success! You are now joining the thousands of smart and successful corporate housing providers who use CHBO every day to find the best tenants for their properties. CHBO works to be your resource for rental tips, trends and tenants and in the weeks and months ahead, we will be sending you a few emails on specific topics to make you a more profitable landlord. CHBO was designed not just as a marketing website but also as a resource and educational toolbox to provide you with the knowledge and...

Tenant Issues: Death, Disease and Cleanup

I know, these are things we are not supposed to talk about, but there is comfort in knowing what to do just in case. Recently a landlord explained to me that their tenant had an infectious blood disease that when discovered required the entire rental property to stripped of all porous materials. All furniture, carpet, curtains needed to be removed from the property and properly disposed of. No need to panic, all costs were covered by the tenant! The landlord called Aftermath a specialized cleanup company and everything was properly taken care of. Aftermath provides you with a 28 point...

Tenant Surprises: Dealing With a Hoarder

Really it is never a dull day when it comes to dealing with tenants. As a property manager the more information we can give tenants and the easier we make it for tenants to follow our guidelines the better. But there are always days when we discover and tenant might have a different living standards than you expected and now what do you do? Property Problems: Dealing With a Hoarder Typical landlord worries include late payments, loud tenants and busy schedules. These concerns come with the territory, and most landlords have the experience and know-how to keep their properties...