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Identifying normal wear and tear and how it differs from tenant damage is a hot topic for a lot of owners. Every single tenant wants 100 percent of his or her security deposit back, and every owner wants the tenants to pay for all expenses after move out. Today, we’re discussing what owners can expect when it comes to normal wear and tear versus damage. Landlord Tenant Law in Washington and Oregon The law in Washington and in Oregon is that owners are responsible for wear and tear, and tenants are responsible for damage. We educate both …

These days, the majority of tenants have pets. They want to move into a home with their cats, a small dog, or even a larger animal. As a rental property owner, you need to think about what can happen if you decide not to allow pets in your property. It eliminates a large part of the market and has other consequences for your property. Keeping Tenants Honest in Your Investment Property Sometimes, tenants will sneak pets into a no-pet property. When this happens, you have no way of knowing what kind of animal is in your home, and what it’s…

Most traditional lease agreements are for 12 months. Today, we’re talking about whether there are any benefits to owners with a month-to-month lease. Rental Agreement: Stability versus Flexibility If you’re worried that your tenant won’t follow the terms that are required to live in your property, a month-to-month leave gives you a little flexibility. But, it gives the tenants flexibility, too. They can move at any time with only a little notice. A 12-month lease is the most advantageous to owners who have done a thorough tenant screenin…

To earn the most money and place well-qualified tenants, you need to present your home in its best possible condition. Today, we’re talking about some of the most important things property owners need to consider when they’re putting their property on the rental market. Neutral Colors Inside the Home Make sure the interior is relatively neutral. If you have a new property coming onto the market and there’s some burgundy or teal or yellow paint on the walls, it might not appeal to your renters. Have natural paint throughout, and keep it l…

One of the questions that many owners may ask is: what should I be looking for when I’m looking to buy an investment property? There are a few things that we always recommend to owners. Work with an Experienced Manager or Agent First, have someone help you look. Whether it’s your property manager or a Realtor, make sure you have someone who can tell you if your potential investment has sound building components. Heating, cooling, and those kinds of things are important in making sure it’s not too expensive or too old to maintain when you…