Blog

Independence Day is a day for great celebration which can be clouded with injury when rules and regulations go unheeded. In fact, as a rental property owner, the thought of holiday explosives being utilized by your tenant on your property probably never occurred to you. While experienced property managers would generally build a fireworks or explosives clause into your lease agreement, there is still time for you to graciously side-step any potential mishaps.

Every property management company has specialized areas of expertise. In many cases, it is difficult to determine what makes a company tick without working with them first. IPS is heavily focused on five major areas of the property management business and suggests seek out such qualifications in looking for a company best suited to meet their needs:

Tenant turnover is a financial liability for rental property owners. However, there will always be that one tenant who wants out of a lease before it expires. Such desire could stem from a wide range of possibilities: job loss a reduction in work hours, illness and sometimes a tenant no longer enjoys living in a particular zip code. Whatever the reason, IPS suggests that there are five legitimate circumstances in which landlords would be prudent to allow the lease to be "broken".

Unfortunately, squatting does occur and often results in very sticky situations for property owners. Navigating such uncomfortable territory is a bit tricky and can be unsafe when not handled appropriately.

One of the biggest questions landlords face is whether to include utilities in the rent. All rental property owners are in the real estate business with a goal of maximizing cash flow and there are arguments supporting utilities inclusion in the price of rent. Perhaps your rental unit does not have its own meter or you're unsure as to how you would charge "per person".

The Beach Boys "raised a fuss" about "workin' all summer just to earn a dollar." In fact, they even threatened to take their "problem to the United Nations." Many landlords probably share the same emotions during summer months when prepping rental properties for warm weather season. Fortunately, there is a cure for the summertime blues and summerizing your rental doesn't have to be as difficult as it sounds.

Southern states are loaded with transient residents who are considering the option of renting out their homes. Innovative Property Solutions presents four points to consider as you determine whether renting out your home is the right move for you:

You don’t have to be a genius to own rental property. You just need a good business plan and a strategy for securing good properties at low costs. You don’t even need to live in the same state as your rentals.

Innovative Property Solutions handles questions regarding emotional support animals almost daily. Understanding policies & procedures, having a good handle on state and federal laws and knowing how to determine whether or not an animal has truly been prescribed for a tenant are all matters which are dealt with on a repeated basis. 

We recognize that not all landlords will be functioning locally. Therefore, we have constructed four hacks for the long-distance landlord: