4 Tips for Getting Corporate Tenants to Renew Their Leases Instantly

As a property owner, you know that your income for your corporate rentals depends on having active tenants living in them. You also know that corporate tenants tend to stay for shorter periods of time than tenants who sign traditional leases. You might think that this means you’ll be dealing with a lot of turnover and downtime in between tenants, but that really doesn’t have to be the case. If you follow a few simple tips, you’ll see more tenants extending their leases and much less time between tenants, too. Choose an Amazing Property Management Firm First of all,...

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...

Corporate Housing Rental Documents 101: The Lease Agreement

This article is part of a series of articles discussing the various documents you’ll need as a corporate housing landlord. In our last post we talked about the importance of a rental application. It’s the first step to protecting your rental property from unruly renters and serves as a way to qualify quality tenants. In this post, let’s talk about the actual lease agreement. This is the document you have your tenants sign once the application process has cleared and before they move in. It is often considered the most important document in the field of property management. To...

Congrats! You have a renter…. now what?

Now that you’ve spent all this time getting your listing up and running, it’s likely the inquiries will start rolling in. It can be an exciting and scary time for a new landlord handling their first interactions and transactions. Here are some tips to getting through it like a champ: Confirm credibility of the tenant. Ask your potential client why they’re looking to rent your property, who will be staying there and for how long, pets, etc. Once you feel they would be a good “fit” for your property, have them complete a formal rental application. There are template...

How to Make Sure Your Pet Policy Was Obeyed

We’ve written a lot in the past about allowing pets in your corporate rental and why you should, but not every property is “fit” to accommodate Fido. Some communities don’t allow pets at all, while other owners may not want pets in their units due to allergies or other reasons. If you do not allow critters on the property, make a clear statement to your tenant that they are, under no circumstance, allowed to bring pets into your property. Not theirs, not others. Include this “no pet clause” in your lease agreement as well. During checkout inspection, if you...

Ripped from the Headlines! What To Do with Unruly Tenants

This weekend’s Denver Post reported that a Boulder, Colorado couple was discriminated against by their landlord. The couple was gardening in thong undies and the neighbors were complaining to police of indecent exposure. But the police couldn’t do anything because the couple’s private parts were covered and they were within their legal rights. After police wouldn’t do anything, the community complained to the landlord, who then threatened to evict the couple if they didn’t put on more clothes. The landlord says this is a community issue and it has every right to evict the couple. So this begs the question,...