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Property Management Blog

RESOURCES FOR OWNERS & INVESTORS


Blog Rental Scams and How to Avoid them!

Rental Scams and How to Avoid them!

The rental industry is filled with people that prey on unsuspecting would-be tenants. If you are looking for a home or apartment to rent, protect yourself from rental scams by learning how to spot them early on.Signs You Are Dealing With a ScammerScam rentals affect millions of A...
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Blog What is a make-ready?

What is a make-ready?

A make-ready is a process of preparing a rental unit for a new tenant after a previous one moves out. Terms that might be similar to make-ready are “apartment turn” or “turnover.”Make-readies are universally known as the bottleneck when it comes to filling...
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Blog Tax On Rental Income: Will You Pay Taxes?

Tax On Rental Income: Will You Pay Taxes?

Disclaimer: Let me preface that we at Innovation Property Management, Inc. are not accountants or tax advisors.  Below is some information on taxes in the US but should be verified by your accountant that knows your personal situation. Investing in rental real estate is...
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Blog What Is Renters Insurance? Is It Important To Get One?

What Is Renters Insurance? Is It Important To Get One?

It is essential for tenants to obtain renters insurance to protect their belongings. But more often than not, renters fail to do so because they feel it is a waste of money. This is a common and dangerous misconception.What Is Renters Insurance?Renters insurance is a type of prop...
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Blog The 5 Things To Clean To Get Your Security Deposit Back

The 5 Things To Clean To Get Your Security Deposit Back

If you’re renting your home, condo, or apartment, you probably paid a security deposit when you signed the lease. The good news is this deposit is refundable when you move out… as long as you meet certain requirements.Landlords use security deposits to protect their ...
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Blog Top Tenant Complaints and How to Solve Them

Top Tenant Complaints and How to Solve Them

As a property owner, you’ve likely dealt with tenant complaints.Being a landlord isn’t all about collecting rent at the end of every month. Dealing with tenant issues is another big responsibility when managing your rental properties.Tenant complaints are unavoidable,...
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Blog Should I Allow My Tenants to Paint my Rental Property?

Should I Allow My Tenants to Paint my Rental Property?

As a landlord, you should consider painting your rental property in a neutral palette. That way, the walls match any furniture colors.However, some tenants, especially long-term ones, would prefer changing the color of the walls. They may want brighter colors or want to follow a ...
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Blog What Exactly is

What Exactly is "Normal Wear and Tear"?

In this article, we will help you to understand what normal wear and tear is versus what is damage. You should always confirm the condition of the unit before a tenant occupies it and after they have vacated. This will help you determine any wear and tear or damage to the un...
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Blog Tips to Prevent Tenant Damages to Your Rental Property

Tips to Prevent Tenant Damages to Your Rental Property

You probably already have some kind of tenant screening process in place. But even so, one thing is almost always guaranteed for landlords – no tenant will ever care for your property like you would.As such, it’s important to take all the necessary steps to prevent da...
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Blog Think Before you Flush

Think Before you Flush

One would think everyone is aware of what not to flush down the toilet, but some people use the toilet as a trash disposal. Plumbers have reported things like cellphones and children’s toys being cleared from toilets. An average call to a plumber for drain cleaning can cost...
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