What Exactly is “Normal Wear and Tear?”

What Exactly is “Normal Wear and Tear?”

Using an object over time contributes to its aging and damage. This is generally referred to as normal wear and tear.

Property is also subject to this type of depreciation. It occurs to all rental properties when a tenant occupies it and uses your furniture and home appliances for example.

As a landlord in Snohomish County, it’s your prime responsibility to manage the necessary repairs, maintenance, and upgrades to keep normal wear and tear under control.

However, damages caused by tenants are exempted from a landlord’s duty to repair. (more…)

How to Attract Long-Term Tenants

How to Attract Long-Term Tenants

As a landlord, you want to attract long-term tenants. That’s because having a low turnover rate is great for your cash flow and ultimately your return on investment.

Building good relationships is a great way to make your existing tenants want to stay longer.

Low turnover rate isn’t the only benefit. When you improve your tenants’ quality of life, it will be easier to rent or even sell the property in the future. 

In order to keep good tenants, we have outlined solutions in this article that will help make them want to stay.

Keep on reading to learn about our strategies for successful tenant retention. You can also use these approaches to attract long-term tenants to your Snohomish County, Washington property: (more…)

7 Reasons You Should Require Renters Insurance in the Lease

7 Reasons You Should Require Renters Insurance in the Lease

Many renters in the U.S still think that a renter’s insurance isn’t necessary, which is often a huge mistake. This is at least according to an article by Forbes.

Two reasons could try to explain this. One is that tenants are usually under the impression that the landlord’s insurance also covers their belongings. Unknown to them, this is not so.

Landlord insurance only covers structural damage to the home due to any covered perils. Such perils include snow, hail, wind, or fire.

Requiring your Snohomish County, Washington tenant to have a renter’s insurance is certainly worthwhile. It can cover property damage resulting from a covered peril.

So, in today’s post, we are going to look at 7 reasons why you should require renter’s insurance in the lease. (more…)