How Do We Handle Water Leaks in Your Property?

Water leaks are one of the biggest pains we have in the home rental business. Here’s how you can avoid them before they even happen.

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Water leaks are probably the most menacing opponent we face in the home rental business. If you’re a homeowner/investor, I highly suggest getting additional rent loss coverage on your home for this specific purpose.

If you end up having a big leak, you’ll have to bear the full brunt of it most of the time. If we have a flooded unit, we have a tenant who can’t reside there. We will then have to immediately dry the unit out. However, that process takes three to five days to complete. During that time, you won’t be collecting any rent.

Half of our leaks result in insurance claims.

About half of our leaks result in insurance claims. The sooner we can get to them, the better. If you end up having to lose rent for a month or two, it will be offset by the money you saved by having that extra insurance.

If you have any questions for us or you’re thinking about investing in real estate, give me a call or send me an email. I look forward to hearing from you.

Should You Allow Pets in Your Rental Home?

You can choose whether you want to allow pets in your rental property. Here’s what we recommend.

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One of the most common questions we get from homeowners is if they have to allow pets in their rental home. The answer is no. It’s totally up to you what kind of pets, if any, you will allow in your home.

However, keep in mind that eight out of 10 people in today’s market have pets. Especially when rent is up a little higher and families are out there looking. Most families have one or two children and one or two pets. It just comes with the territory.

If you do choose to allow pets in your home, our addendum helps protect you. We’ll go inspect the property every four months and look for pet damage, as well as any other damage. We’ll send you pictures of any damage, as well as a picture of the pet in the home.

Our addendum protects you from pet damage.

We don’t take our pet policy lightly. We’re here to protect your home and put money in your account. If you don't want to allow pets, that’s fine, but just know that you'll be missing out on a huge part of the market and it might take us longer to find a tenant than normal.

If you have any other questions for us, don’t hesitate to reach out. We would love to hear from you soon.

Landlord or Tenant. Who Pays for Pest Control?

If a tenant leaves food out in the house and a rodent problem develops, who is responsible for pest control: the owner or the tenant?

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Pests can be a formidable adversary. Their job is to come into your house and find whatever food and water they can.

That’s why pest control is an incredibly important subject for tenants and owners.

As an owner, it is totally optional to carry pest control through the lease period of the tenants. That said, our addendum states that pest control is covered by the tenant.

Pest control includes rodent control. The owner has no control if tenants leave out food, which attracts pests—so they should not be held responsible. If rodent control is an ongoing problem mentioned in the owner’s interview, I would recommend that you continue to carry rodent control in your house.

The owner is not the one who attracted the pests, so the owner does not incur the costs of pest control.

Rodents are brought in by food not being stored properly in the home. So, as I mentioned, since the tenant is the one who attracts the rodents, they are the ones responsible for the costs of rodent control.

Although pest control is important, I would say that 90% of my homes do not have a rodent problem.

If you have any other questions about pest control or would like to learn more about how we take care of your investment properties, just give me a call or send me an email. Feel free to check out our site as well. I would be happy to help you!