Rent Collection: What Happens if a Tenant Doesn’t Pay Rent?

By |2026-07-30T09:27:20+00:00May 22, 2023|

One of the agreements tenants make when they move into a property is to pay their rent on time. If they don't do that, the property owner will need to take action. Therefore, understanding what to do about late rent, how to enforce payment, and what's legal are very important parts of having rental properties. Here's what you need to know about late rent, along with six things you can do to make sure you find good tenants and enforce timely rent payments for tenants across all your properties through legal rent collection practices.

How Long Can a Rental Property Be Vacant? What to Know and Do

By |2026-07-27T05:15:50+00:00May 8, 2023|

If you're a property owner with vacant properties, you probably already know that empty homes and apartments can mean problems. Not only do vacancies cost you money in lost rent, but they're also at higher risk for vandalism and other types of property damage. How long can a rental property be vacant before it affects your insurance rates, bottom line, and maintenance requirements? Of course, that depends on the property and other factors, but it's important to reduce any costs or risks associated with letting a property sit empty.  Some vacancy time and loss of income between tenants are normal. After all, you may not often have one tenant moving out on Friday and a new one moving in on Saturday. Still, your goal is to reduce the time that any property sits empty. Here's how to do that, so you can keep your properties rented efficiently.

Should You Handle Rental Property Maintenance Yourself?

By |2026-07-30T11:28:37+00:00April 24, 2023|

Property owners must keep rental properties in good condition to attract tenants and maintain their value. One of the key aspects of maintaining a rental property is regular maintenance and repairs.  However, should you handle rental property maintenance yourself or hire a professional property management company to handle it for you? In this blog, we will explore some insights to help you determine if you should handle property maintenance or let a professional handle it.

Is It Worth It? Pros and Cons of a Month-to-Month Lease Agreement

By |2026-07-27T06:58:50+00:00April 20, 2023|

Published August 19, 2021. Updated April 20, 2023.  If you're a real estate investor in the Philadelphia area, keeping your rental properties full is a top priority. Sometimes, that may require changing up the way you do things. Maybe you've thought about offering a short-term lease agreement for some of your properties but weren't sure if it was the best route to take. If short-term doesn't make sense, are there other options for renters who can't commit long-term? What about a month-to-month option? Many property owners incorporate monthly leasing options into their operations, but it's helpful to understand the pros and cons of doing a month-to-month lease agreement before jumping into it. So, today, our Philadelphia rental management experts weigh in on the pros and cons of this type of lease and whether rental owners should consider it when planning leasing strategies.

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