Monday, June 6, 2011     17:19

Frequently Asked Question

1. How much rent can a landlord charge?
Landlords must charge a comparable rent relative to the open market for the area the unit is located. This is called "rent reasonableness." Comparable means similar in size, age and amenities. Belmont does not set rent rates. Landlords are encouraged to take a look in the area the unit is located in and utilize housing listings to compare rent rates.

2. Do I need to include utilities in the rent?
No. It is up to the landlord to include the price of utilities in the amount of rent. But, if the tenant is expected to pay for any of the utilities, there must be a separate meter for each one.

3. What is Landlord Report?
The Landlord Report offers a full range of property management functionality. The Landlord Report will get rental properties organized. This is a great Real Estate Software solution for a Property Owner, Apartment Manager or Residential Manager. It can handle an unlimited number of properties & units, including single family homes to large multiple unit dwellings. Tenant statements (rent roll), lease agreements, late notices and eviction notices for investment properties are all available.

4. What Are the Responsibilities of a Landlord?
Everything a Landlord Does and Should Do to Be Successful. Landlords do much more than just collect rent. They play numerous roles and have numerous responsibilities.Landlords do much more than just collect rent. They play several roles and have various responsibilities. There is a marked difference between what people believe a landlord does and what a landlord actually does. Those considering a career as a landlord would benefit from understanding the challenges and the rewards that life as a landlord can bring. Having this understanding will allow you to be better prepared and hopefully increase your chances of achievement.


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