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Airbnb has become extremely popular in the last decade, and in 2020, there had already been more than 250 million nights booked through the company. If you don’t know what Airbnb is, it’s a third-party service that connects individuals with short-term rentals, often just for a single night, but many people rent for a week

No matter how much you try, it’s impossible to control everything your tenants do with your property. A large portion of the risk involved in owning rental properties is that tenants are unpredictable. One of the most problematic things tenants do is run an Airbnb business. Regardless of what’s in their lease, some tenants feel

By default, most landlords consider offering only fixed term leases. Fixed term leases are the most common type of lease, providing stability and predictability to both the landlord and the tenant. Typically covering a period of one or two years, these lease agreements form the backbone of the rental property world. But there’s another option

Landlords have to prepare for the unexpected. A tenant might damage your property or stop paying rent at any time without prior warning. That’s why it’s essential to have strong lease agreements—which will protect your investment. Your leases should be as detailed as possible so you have something to reference during a potential future dispute.

Tenants should be allowed to have guests stay a night or two, but long-term guests can pose a problem. Sometimes it’s just a friend or relative who’s visiting from out-of-town, but a long-term guest may include someone who has no intention of leaving. Technically, at some point a long-term guest becomes a tenant. What started

A lease agreement is the central tool in every tenancy. It gives you the legal authority to hold your tenants accountable for their behavior both outside and inside the courtroom. Do you have the following crucial policies in your standard lease agreements? 1. Notice requirements to terminate the tenancy When you accept a qualified tenant,