The subject line of this one pretty much says it all! First of all, your attorney should confirm that your lease needs to address insurance. Next, you'll want to educate your residents. Many of them may not realize how affordable renter's insurance can be!
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Kwikset SmartKey Locks Make Great Master Locks!
As we've previously told you, having a master lock system is a huge benefit to you as a landlord. Locks like the Kwikset SmartKey lock now allow for you to re-key the lock without removing the cylinder! This is a huge time saver and makes it well worth the investment into these kinds of locks!
Below are 4 pictures showing an example of how the Kwikset SmartKey locks work. At first glance, the lock appears no different than any other deadbolt. However a small hole allows for the front plate to spin 180 degrees, covering the resident key hole and exposing another key hole. This second hole, shown in.
Landlords Should Not Own Their Rentals
If you are a landlord, you should not own investment property. You should own an LLC that owns an investment property!
While we at Campus Handyman are not legal advisors, we can advise that all landlords (heck, all people) should have a relationship with a quality business attorney. Ask your attorney about personal ownership vs the use of an LLC. Take notes!
Many people believe that they do not need to have a relationship with an attorney because they have never needed an attorney. They mistakenly believe that until they have a need, there is no reason to cultivate a relationship with a legal advisor presently.
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