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While not required by law, a lease agreement is an immensely practical and important document that you should use in all your rental agreements. You can use this lease to set out any rules you may want your tenant to follow. For example, you can use the lease to let a tenant know about their maintenance responsibilities and set clear expectations for your rent payments. But at Taylor Street Property Management, we believe that, for your lease to be effective, it must include certain basic information. Which is why we have put together the foll…

Do-it-yourself landlords are a common sight in every real estate market. Where some landlords manage their rental properties well, others struggle when they’re faced with the many challenges of property management. Maybe you put money into your home with the idea of renting it out, or maybe it was just a coincidence. In any case, there are a few strategies you can use to protect yourself from going to court or taking a financial beating from a property management mistake. To help new landlords like yourself, we at Taylor Street Property Manag…

To stay in its best condition, your property requires regular maintenance and care, but not everyone knows where to start. Though you shoud always renovate your property if need be, maintaining it doesn't have to be as expensive or as hard as it may seem. With decades of experience in the property industry, Taylor Street Property Management breaks down what you should know about the responsibility of both landlords and tenants for the maintenance of the property. Landlord Property Maintenance Responsibilities First and foremost, landlords rea…

Maintaining your rental property is an essential part of property management. To keep the rental property in top condition, it’s best for landlords to perform routine inspections and maintenance to prevent any repair issues from getting bigger. With regular property inspections, landlords will be able to identify problems early on and resolve them, before they get too big and costly to repair. In addition, the landlord-tenant law, most states include a provision about the responsibilities of both landlords and tenants to ensure that the proper…

A rental property's performance and profitability greatly depends on its management. So, the choice of who will look after the property is crucial. Managing your property alone is generally preferable for people with the time, expertise, experience, and resources. But some property owners may choose to employ a property manager to handle their duties so they can focus on enjoying their returns rather than dealing with the bother. To assist you in selecting the best course of action for your rental property, we at Taylor Street Property Manageme…