Dec 09

Renewing the lease

By Neda Navidnia Property Management, ProTalk, Tenant

What is Lease Renewal?

Lease renewals refer to the process when a tenant would decide to extend their lease and continue living on your property.

The standard Texas lease automatically renews if no one takes any action.

Usually the lease gives each party 30/60 days to notify the other party of their decision. Landlord or tenant can decide if they want to extend the lease or not.

When to Renew:

It can be common question for any landlord when they get close to the end of the lease: Should I renew the lease with the tenant?

At your Dream Real Estate we recommend keeping good tenants, if the tenant meets all the following requirements:

Has been paying rent on time
Look after the property as if it were their own.
Knows how to communicate and be responsive
If they haven’t had issues or any other breaches of the contract

we recommend renewing.

Other Conditions:

We need to check the condition of the property.

To add another level of safety we take the following steps:

We schedule a time with the tenant and tour the property
We make sure that everything is in good working order
Check and make sure no evidence of upcoming major repairs is seen
Check what tenants might not see like mold, roof, gutters, fence, etc.

Processes:

Step 1: Checking the market rent, then we discuss it with the landlord and get their approval for the new rent amount.

Step 2: Review the tenants history of communication, payments and notes to see if we should decide to extend the lease or not. If not we will send them the required notice per the lease requirement time frame. (Check Not renewing lease)

Step 3: We offer the new rent and terms to the tenant and if they accept it we schedule a time with them to tour the property and take pictures. This is just to make sure that everything is in good condition.

Step 4: We’ll check the report and see if any repair is needed. If everything is in an acceptable condition we’ll send the documents to the tenant and get their signature.

Once the tenant signs the documents, we share the report and documents with the landlord.

The tenants will also receive a copy for their records.

Oct 06

Love0

What a Houston landlord need to know about having a pet in their rental property

By Neda Navidnia Energy Corridor, Fulshear, Houston, Landlord, Memorial, Pasadena, Pearland, Property Management, ProTalk, Richmond, Spring, Sugar Land, Tenant, Westchase

Hello landlords I have a scenario for you, let’s say you are managing your own rental property and after a few weeks of vacancy you find the perfect tenants. You feel confident about renting your home to them but they say hey, by the way, I have a pet which is a german shepherd. You can meet my dog and you’ll see how well trained and smart the adult german shepherd is.

Would you still rent the property to the tenants?

If you know about dogs you’ll know this dog most probably won’t cause any damages. You also can charge a pet fee, pet deposit and monthly pet rent that seems to be a good deal right?

Here lies the problem. Did you know that your home owner’s insurance can cancel your policy because this dog lives on the property?

So are you going to deny the qualified applicants just because of their dog?

If your answer was yes. Hold on!! We have a solution for that.

Contact me and let’s discuss these situations in further detail.

Here at Your Dream Real Estate we take the screening process to the next level by qualifying the clients and their animals (service animals included).