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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…

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…

Are you a landlord struggling to retain tenants? High turnover rates can result in loss of rental income, increased marketing and maintenance costs, and a negative bottom line. That’s why most landlords aim to retain existing tenants for as long as possible, no matter if it’s a couple of years or a decade. A simple way to retain tenants for longer is to let them customize their unit. This will make them feel more at home. Tenants who feel a higher sense of ownership over their rental tend to take better care of it, be more diligent with their…

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…

While some tenants will immediately sign a lease agreement, some will move out when the tenancy expires. As a landlord, there are a few tasks you must do to prepare your unit for the next group of residents that will occupy it. Staging a unit is recommended to make the space more attractive and easy to market. Keep reading this article to find more tips to consider when getting your rental home rent-ready! Post Your Vacancy Immediately on Multiple Listing Sites A vacant unit will still cost you in terms of maintenance. In addition, you even h…