Owner guides, page 37 of 46
The questions owners ask before they hire a property manager, answered by one. Search, or pick a topic.
Showing 325–333 of 412 guides
Tenants & LeasingShould I accept a co-signer or guarantor for a tenant?
A guarantor helps when the applicant's only gap is thin credit or a short income history. It does not fix a bad rental record. Here is how to screen one and what the guaranty should say.
Tenants & LeasingCan a property manager use my existing lease, or do I need a new one?
A lease already signed with your tenant stays in force when a manager takes over. For the next tenant and at renewal, expect the manager's own Texas-compliant lease, and here is why.
Tenants & LeasingHow do I know the lease actually protects me as the owner?
Read the lease against ten questions an owner actually faces, from a missed rent payment to a tenant who will not leave. If each has a clear answer, the lease protects you.
Tenants & LeasingCan my lease address smoking, subletting, and unauthorized Airbnb rentals?
Yes to all three. A Texas lease can prohibit smoking, subletting and short-term rentals, and the clauses are enforceable when they are specific. Here is what to write and how it is enforced.
Tenants & LeasingShould I require my tenants to have renters insurance?
Yes. Renters insurance puts the tenant's policy first for losses they cause and keeps claims off your landlord policy. Here is how to set the minimum, verify it and handle a lapse.
Tenants & LeasingDo tenants pay rent to me or to the property management company?
Under management, tenants pay the manager, not the owner. Here is where the money sits, what comes out before you are paid, and why keeping the ledger in one place protects you.
Tenants & LeasingWhen will the property manager send me the rent each month?
Owner rent transfers run on a set monthly schedule, usually a week or two after the due date. What happens in between, what can delay the transfer and how to plan your mortgage around it.
Tenants & LeasingDo property managers accept partial rent payments?
Most managers refuse partial rent once a tenant is late, because accepting it after a notice can undo the notice in Texas. When a written partial-payment agreement makes sense and how it is handled.
Tenants & LeasingWho sets late fees and makes sure they're collected?
The lease sets the late fee inside Texas limits, you approve it, and the manager posts and collects it the same way every month. How the fee is set, where it goes and what to check in your paperwork.
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