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A quick reference for residential investors from WILMOTH Group. Providing creative solutions, strategy, services and support in the residential investment community since 1994. |
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Will Your Tenants Stay Warm This Winter?
For 27 years we have served rental investors throughout Indiana. That includes 27 winters. One common issue in each of those 27 years is that furnaces fail. And for some reason, they fail most often during the holidays or on Sunday mornings.
Unfortunately the cost of returning heat to the residence during these times is multiples of the cost as compared to failing on a Monday morning. And loss of heat is considered an absolute landlord obligation to restore in Indiana landlord laws. No matter if your tenant is 6 days or 6 months behind on rent!
What is a good way to protect that your rental's furnace is in its best condition to avoid such catastrophic emergency costs? How about a simple winter inspection and tune-up for just $89.99? If a problem is found now, it can be repaired at normal costs. You can have peace of mind knowing your tenant will not likely have their holiday dinner ruined due to a furnace part that can't be found. And avoid the inevitable request to be placed in a hotel.
Get on our schedule now! Simply email owners@wilmothgroup.com and tell us you want to make sure your tenants have heat, all winter long!
All the Best
WILMOTH Team |
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Key Decisions When Preparing A Security Deposit Settlement
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Landlords should require a security deposit before allowing a tenant
to move in. If there are damages to the property or a balance owed for
rent, the landlord can use the deposit to cover those losses. Deposits
can amount to several hundreds, or even thousands, of dollars. The
security deposit settlement can also be a major source of friction
between landlords and tenants. The focus of the disagreements are
specifically on the amounts deducted and whether charges are legitimate
or refundable.
Landlords may make deductions from a tenant’s security deposit,
provided they do it correctly and for an allowable reason. The correct
way to make deductions requires written itemization of the deductions
with supporting evidence. What are the types of items that can lawfully
be deducted from a security deposit settlement prior to returning the
balance to the former tenant?
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Why WILMOTH? Electronic Payments At WILMOTH, our tenants pay their rent electronically. This speeds up the processing of your cash by at least three business days! We electronic ACH payments to our owners! Learn More |
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Did You Know?Since 1996 WILMOTH has been utilizing unique, creative, ways to sell residential real estate investment property. Our investment experience provides for the best exposure and fastest sales of residential properties! Learn More |
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| Can You Help Us?
Social media reviews are an equal access opportunity. Tenants love to write poor reviews of property managers. Owners are busy with their investments and lives. We understand that stopping to give your Property Manager a great review is pretty low on your priority list.
If you appreciate what WILMOTH does for you, we need your 5-star review on Google. It will just take 30 seconds to help us out. Please click the purple button below and the happy smiley face that will follow. Thank you from all of us!
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