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Communicating with tenants is easier because of today’s technology. So as a part-time or full-time landlord, you have to consider which one is best for you to use in your specific situation. When managing your rental properties, each method of communication will be more appropriate in particular situations. To help you in this regard, we at Taylor Street Property Management have put together this article to highlight how to effectively communicate with your tenants using email, text, or a phone call. Reasons to Email Your Tenants Sending an ema…

Keeping all your documents in order is crucial so you don’t have to sort through all your paperwork when you need it. Moreover, you should also ensure that you have a backup of all your documents just in case they get lost or destroyed. Nowadays, it’s easier to keep extra copies of your documents with the availability of cloud software. But having physical copies of these documents is a great way to back them up. Just make sure that they are stored in a safe and secure location where you can easily access them anytime you need to. Why Rental P…

If you plan on being a landlord, be aware that the hours can be unpredictable, especially when you need to address property emergencies. These can happen when you’re asleep or at unsociable times during the night. It’s great to be prepared and learn how to handle emergencies after hours. But by their nature, emergencies can happen anytime and, at Taylor Street, we believe it’s best to learn how to eliminate situations that lead to urgent property issues. Even if situations cause panic, discomfort, or inconvenience, it might not be considered a …

Owning and operating a rental property involves a number of costs. As a landlord, you need to be aware of the expenses you need to pay, especially those that recur monthly. But not all costs are expected. As a rental property owner, it’s crucial to know where you spend your money. Unfortunately, there are some costs that can easily add up without you noticing. As proper accounting is essential to prevent overspending, we at Taylor Street Property Management have put together a list of costs that you may not expect. Understand Legal Fees Ownin…

When tenants move out of the rental property, it should be in the same condition as it was found before the beginning of the tenancy. A dirty rental property can cause deposit disputes between a tenant and a landlord, which is why the property should be thoroughly cleaned before the end of the tenancy. This also helps to property be rent-ready for the new tenants. What is the End of Tenancy Cleaning? End-of-tenancy cleaning refers to cleaning the rental home before the tenant moves out. This is a general cleaning process where every corner of t…