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Cold temperatures, ice, and snow can lead to costly damages if proper precautions are not taken. Whether your property is a single-family home or a multi-unit building, preparing for winter is essential to protect your investment and keep your tenants safe and comfortable. With proactive planning and diligent preparation, you can avoid the stress and expense that often accompany winter-related property challenges. Importance of Winterizing Your Rental Property Failing to winterize your rental property can lead to serious problems. Freezing tem…

Landlords and tenants in Massachusetts have certain legal responsibilities when a rental is put to rent. One such responsibility is abiding by the Massachusetts law. The MA Gen L ch 186 § 15b is the piece of legislation that regulates the collection and return of such security deposit. As a landlord, you should clearly state these tenants' security deposits expectations in the valid written rental agreement. It's important for a landlord to be very familiar with how to handle a tenant's security deposits before you rent to them, or it can resu…

As a landlord, keeping your rental unit in good condition is a priority, but distinguishing between normal wear and tear and actual property damage can sometimes be a challenge. This distinction matters because it determines what can be deducted from the tenant's security deposit and helps landlords maintain fair expectations for your short and long-term tenants. Understanding “Normal Wear and Tear” “Normal wear and tear” refers to the gradual deterioration that naturally occurs to a property occupied by a tenant and its features due to time a…

A multi-family property can be a great investment. Multi-family homes and apartment buildings can provide you with a stable source of passive income. By renting out all the units in the building, you can earn a high rental income that lets you live a more comfortable life. In order to start enjoying the financial benefits of owning a multi-family rental, you need to find reliable, long-term tenants. If your renters are not sticking around for more than a couple of months, you’ll be unable to maintain a stable income and will start losing money…

Vacancies are every landlord’s worst nightmare. They not only diminish your rental income, but also end up increasing your maintenance costs. You’ll always want to ensure that you have a tenant in your property. High occupancy rates mean a steady income and lower expenses, resulting in a high return on investment. One of the best ways to ensure occupancy is by renovating your rental property. This can increase your rental property’s desirability, which can help both attract and retain quality tenants by keeping them happy. However, don’t renova…