What to Know About Renting to Tenants with Service Animals
Key Takeaways: Service animals are not pets—landlords must allow them even in “no pets” properties under fair housing laws. Landlords cannot charge pet fees, deposits, or enforce breed/weight restrictions for service animals. You may request limited verification (like a letter from a licensed professional) but cannot ask for details about a tenant’s disability. Tenants remain responsible for their animal’s behavior and any damage, and landlords can act if the animal poses a threat or causes significant issues. Animals of any kind - whether f…
Refinancing Your Rental Property Mortgage
Key Takeaways Refinancing is a strategic tool, not just a loan replacement. It can influence portfolio growth, liquidity, risk exposure, and overall return on investment for rental property owners. Landlords refinance for several strategic reasons, including lowering interest rates, improving monthly cash flow, accessing equity through cash-out refinancing, changing loan structures (e.g., adjustable to fixed), or removing mortgage insurance. Preparation is essential before refinancing. Lenders assess factors such as loan-to-value (LTV) ratio, …
How to Encourage Tenants to Report Repairs Promptly
Key Takeaways Early repair reporting prevents costly damage and improves overall property upkeep. Simple processes and clear expectations make tenants more willing to report issues. Respectful, consistent communication builds trust and encourages ongoing maintenance cooperation. Property maintenance works best when small issues are reported early. A dripping faucet, a slow drain or a loose handrail may seem minor to a tenant but over time these can lead to higher repair costs, safety concerns and frustration for everyone involved. Encouragi…
What to Include in a Rental Agreement
Key Takeaways A rental agreement establishes clear expectations and responsibilities for both landlords and tenants, reducing disputes. Essential elements include rent details, lease terms, security deposit conditions, and maintenance responsibilities. Liberty Real Estate Services assists landlords in drafting comprehensive rental agreements for a smooth rental experience. Are you looking for a way to ensure a smooth and hassle-free rental experience with your tenants? A rental agreement is one of the most important documents you can create a…
Tips to Find Great Tenants For Your Rental Property
Key Takeaways Price It Right: Set a competitive rental price by researching the local market and factoring in your property’s unique features. First Impressions Matter: High-quality photos and compelling descriptions can attract the right tenants and make your property stand out. Proper Screening Protects Your Investment: Thoroughly vetting tenants with reference checks and questions helps ensure reliability and reduces the risk of problems later on. Are you struggling to find reliable tenants for your rental property? As a landlord, the sear…
