Apartments

The Risks of Leaving Your Champaign-Urbana Rental Property Vacant

The Risks of Leaving Your Champaign-Urbana Rental Property Vacant

Leaving a rental property vacant is a big risk for investors. Not only is it expensive, it also leaves you open to vandalism, theft, and squatting. There’s also the risk of unreported maintenance issues. When tenants are living in your property, they’re quick to notice leaks, electric issues, and other potential problems. With no one in the property, it could be weeks or months before you notice there’s something that needs repairing.

You want to avoid a vacant property, for the good of your investment home and to get your income flowing and your ROI stabilized.

Read more

Everything You Need to Know About Landlord and Renters Insurance | Champaign-Urbana Property Management

Everything You Need to Know About Landlord and Renters Insurance | Champaign-Urbana Property Management

Insuring your investment property is a critical component in keeping it protected. The right insurance will also protect your own financial interests. Investing in Champaign-Urbana rental real estate can be an excellent opportunity, but it also comes with a lot of risk and a lot of liability.

Both a landlord insurance policy and a renter insurance policy will be required to protect your investment. Don’t wait until a claim needs to be filed to find out you’re under-insured or uninsured. Make insurance check-ins a part of your annual Urbana-Champaign property management plan.

Read more

Allowing Service Animals vs. Pets in Your Champaign Urbana Rental Property

Allowing Service Animals vs. Pets in Your Champaign Urbana Rental Property

 

Dogs are pets except when they’re service animals. Cats are pets except when they’re emotional support animals or therapy animals.

If you’re renting out a property in the Champaign-Urbana rental market or anywhere in the U.S., it’s important to understand the housing laws that protect people with disabilities. It’s easy to make an expensive mistake by telling prospective or current tenants that pets aren’t allowed in your property under any circumstances. You have the right to your own no-pet policy. But, if that tenant has a service or support animal, it ceases to be a pet, and you legally have to allow it.

Read more

Housing Advice for the Parents of Students Living in UIUC Campus Housing

 

When you have a student leaving home to attend the University of Illinois at Urbana-Champaign, you’re probably sorting through a lot of emotions, fears, and expectations. It’s a big deal for you and your child, and Ramshaw Real Estate is here to help you navigate the campus housing process. We know what it’s like to be a student and we know what it’s like to be a parent of a student. This is a stressful and exhilarating time. Surround yourself with experts like our team to make the process a little less complicated.

Talk to us about your UIUC campus housing questions, and we’ll share all the resources and tools we have at our disposal as professional property managers and real estate experts in Champaign-Urbana.

Read more

How to Collect Rent from Residents | Advice for Champaign-Urbana Landlords

 

As straightforward as rent collection might sound, there’s a lot to consider. A landlord and a tenant sign a rental agreement in which the tenant promises to pay a specific amount of rent on the first day of each month. This area can cause tension between landlords and their residents, especially if the information is unclear or inconsistent.

As professional Champaign-Urbana property managers, we have automated and systematic rent collection policies in place. We know it can be both frustrating to chase down late rent and disruptive to your own financial planning. We have advice, and always recommend that you work with a local property management company if you have any problems with your tenants or your rental home.

Read more