What Exactly Is "Normal Wear and Tear"?

What Exactly Is "Normal Wear and Tear"?

Most landlords can agree that the condition of the rental home remains a top billing priority. For this reason, it’s important to be aware of property damages and examine their cause. Is the damage a result of “normal wear and tear”? Or is it a sign of tenant abuse or negligence? We here at Real Property Group have compiled the following guide to help you understand the exact nature of your home’s damages. How Do We Define Normal Wear and Tear? Normal wear and tear can refer to the natural deterioration of an object. In a rental space, it can…

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How to Attract Long-term Tenants

How to Attract Long-term Tenants

Long-term tenants make for consistent income, and having loyal tenants protects your financial spending in terms of maintenance expenses and marketing expenses. Moreover, you’re spared from constant tenant screening which can consume your time and resources. There’s even the added benefit where won’t need to rearrange your schedule frequently to accommodate property showings. Ultimately, long-term renters are a landlord’s dream. But how do you get them? Here are tried-and-tested ways to turn your tenants into long term ones: Welcome Tenants …

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Renting Out Your Home in Columbia: Everything You Should Consider

Renting Out Your Home in Columbia: Everything You Should Consider

Have you decided it’s time to rent out your house in Columbia, Missouri? As a landlord, you’re bound to enjoy all the benefits that come with leasing property in the “Athens of Missouri.” Columbia has always been highly rated when it comes to livability. It’s no wonder the demand for housing is strong! With an excellent education system, premium health care from the University of Missouri, and beautiful outdoor options, Columbia residents are truly living their best life. Columbia’s economy has been experiencing substantial growth over the yea…

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Missouri Rental Laws: 11 Frequently Asked Questions about Security Deposits

Missouri Rental Laws: 11 Frequently Asked Questions about Security Deposits

A Missouri landlord is likely to require a security deposit from their tenant prior to or upon move-in. They require this deposit for the following reasons: To help cover any utility bills that a tenant does not pay before they move out. When a tenant signs a lease, most, if not all, of the utilities will be transferred to them. If they move out without clearing a bill, a landlord has a right to deduct the cost of paying the utilities from their security deposit. To help cover the cost of professional cleaning upon a tenant’s move out, if it…

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Breaking a Missouri Rental Contract

Breaking a Missouri Rental Contract

A lease or a rental agreement is a legally binding contractual agreement. It binds both landlord and tenant to the terms of the lease agreement for a certain period of time. These agreements may run month-to-month or for a longer period of time, such as 6 months or one year. They often include a security deposit as well, though security deposits have their own set of laws. However, a landlord may run into a case where your tenant wants to break the lease agreement. There are a variety of different reasons they may wish to break a lease, such as…

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