Thrive Well --- A fresh take on longevity, education and community.

Want to stay up on latest Rental Laws? Look no further. I recently had the opportunity to attend a meeting with a Property Manager who has been in the industry for 20+ years . He shared invaluable insights into the latest landlord-tenant laws and best practices. Here’s a breakdown of the key takeaways to help both Landlords and Tenants navigate these changes effectively. Screening Criteria for Single-Family Rentals (SFRs) and Duplexes  (Property Management Recommended) Written Criteria: Screening criteria, such as credit history, must be documented in writing. Prioritize applicants who provide complete and accurate information over applicants who may not have completed application correctly.  Application Fees: If you choose not to run a credit check on the first applicant, the application fee is non-refundable. Reporting Prompt Payments: Landlords with 15 or more units are now required to report tenants' prompt payments to credit bureaus. The maximum fee chargeable to tenants...