Increase Cash Flow ASAP!
Make it easier to increase rent without an argumentBelieve it or not, many landlords are afraid to increase the rent. The fear of confrontations or negative tenant contact is the leading cause for neglecting rent increases and other forms of lease enforcement.
The Rent Increase Letter is a form letter which tells the tenants the amount of their rent increase, when the increase takes effect, and the new payment amount. It is a polite notice that reaffirms that all the terms and notice periods agreed in their lease will remain in full force.
The Increase Letter comes in very handy on month to month rentalsor on annual leases.
People often ask us: "How much should we raise the rent?"
Well, that depends on a few things:
- The market,
- the quality of your tenant,
- the availability of new tenants.
If a tenant is wonderful, we'll hold our increase down to an absolute minimum. If a tenant is lousy, he'll get a large increase. We don't want lousy tenants.
- Rent Increase Letter is a simple form letter which tells the tenant of the amount of their rent increase, when the increase takes effect, and the new payment amount. It is a polite notice which reaffirms that all the terms and notice periods agreed on in their lease will remain in full force.
- Property Condition Report Checklist
Protect yourself with a carefully documented Property Condition Inspection Checklist! I have found that when tenants sign the property condition report upon move-in, they take better care of the property leaving us with a noticeable savings in repairs and clean-up when they vacate.
- Notice of Renewal Option
The renewal option is polite increase and renewal letter combined into one form. It assures the tenant that we value them and have kept any increases to an absolute minimum.
- Credit Reporting Disclosure to Tenant
The Credit Reporting Disclosure Notice informs the tenants that you intend to report positive and negative payment history to the credit and tenant reporting bureaus. The form points out that the tenants' record will be affected by their rent payments, cleanliness and overall performance. This has made a tremendous difference with our tenants paying early, the last few years!
- Lease Obligations Reminder Letter
The Lease Obligations Reminder Letter helps the landlord enforce the terms of the lease by politely bringing the tenant's attention to certain items and covenants in the lease agreement that may have been overlooked or forgotten about. It can be sent as a standard letter to all tenants or just make it look that way to a particular tenant, if you like.
- Security Settlement Statement
This form alone has enabled us to make valid deductions (saving us tens of thousands of dollars in damages over the years) from security deposits without a hassle from the tenants.