Templates & Checklists

Learn how to effectively communicate a rent increase to your tenants with this detailed guide. Discover the best way to notify tenants, reasons for a possible rent increase, limits, and a template for writing a rent increase letter. Ensure compliance with local laws and maintain a positive landlord-tenant relationship with this helpful guide.

A rent ledger is an essential tool for landlords and property managers to keep track of rent payments made by tenants. It is a detailed record of all rent payments, including the date the rent was paid, the amount paid, the payment method, and any late fees or additional charges. Rent ledgers can be physical or digital, and they can be used as evidence in case of an eviction or a legal dispute. Rentroom is a property management software that provides a rent ledger report feature, which allows landlords to easily keep track of rent payments, filter the report by tenant, property, or date range and export the report to a CSV file. By keeping accurate records of rent payments, landlords and property managers can ensure that all rent payments have been made on time and in full and can have a clear record of the financial transactions between the landlord and tenant.

A comprehensive understanding of what a lease addendum is, why it is often needed, how to add one to a lease and the different types of lease addendums. It also highlights the importance of compliance with lease addendum laws, which vary by state and local jurisdiction and it provides an example of a lease addendum. Additionally, it includes information on how to write an addendum to a lease, ensuring that it is consistent with the original lease agreement and does not contradict any existing terms. This information can be useful for landlords, tenants, and legal professionals when dealing with lease addendums.

It is good practice for tenants and landlords to work off of rental resumes because it provides a clear and concise way to present and review important information about the tenant. For tenants, a rental resume can help to increase their chances of being accepted as a tenant by demonstrating their responsibility and reliability as a tenant. It also allows them to present their rental history, employment history, and financial information in an organized manner. For landlords and property managers, a rental resume provides a quick and easy way to review the tenant's qualifications and determine if they are a reliable tenant. It helps them to understand the tenant's employment stability, rental history, and financial situation, which can help to minimize the risk of rent defaults and evictions.

As a landlord, one of your most important responsibilities is to find and select tenants who will take care of your property and pay rent on time. A rental reference letter can help you make an informed decision when deciding to rent your property to prospective tenants. This process is remarkably easy and can provide landlords and property managers with a level of comfort that they are renting to someone with a positive track record. This is why as an industry, it is helpful to require reference letter and also provide letters for former tenants.

A 30-day notice to vacate is a legal document that a landlord sends to a tenant who they wish to evict. Alternative terms include eviction notice or lease termination letter. As the name implies, the document gives the tenant 30 days’ notice of their eviction, which gives them enough time to make new living arrangements or contest the reason for eviction stated in the letter.

Landlords should use these reports before welcoming tenants, after tenants leave, and during tenancies. They’re vital for identifying potential issues. Rental inspection reports also give you the opportunity to ask your tenants about any problems they’re experiencing.