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Water damage is one of the most common and costly issues landlords face, especially in multi-family rental properties. Whether caused by burst pipes, heavy rains, or poor maintenance, water damage can result in expensive repairs, tenant dissatisfaction, and potential legal liabilities. Proactively preventing water damage is not only essential for protecting your property but also for maintaining positive tenant relationships. In this article, Howzer Property Management will explore practical strategies to help landlords prevent water damage, r…

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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…

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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…

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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…

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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…

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