The worst thing for any landlord is having a vacant property. Not only does vacancy mean no money is coming in, but landlords also have to invest time and money in finding new tenants. That said, the strongest rental businesses have low turnover among their tenants. This keeps their cash flow steady and reduces costs. […]
23
Nov
Nov
Providing safe rental properties is a major responsibility for landlords and property managers. Part of keeping a safe environment includes testing for substances like lead paint, asbestos, and radon gas. Today, we’ll review the main concerns of radon in rental properties and how landlords can mitigate risks associated with this toxic gas. Contents of This […]
22
Nov
Nov
Investing in Section 8 housing can be an excellent strategy for some investors. After all, low-income housing is essential for several reasons, and several families and individuals can benefit from more available affordable housing units. In the video below, we’ll go over the basics of low-income housing, including tenant-based and project-based assistance, and how to […]
21
Nov
Nov
There are several things to consider when it comes to owning and managing rental properties. However, one thing that often falls off a landlord or property manager’s radar is waste management. Rental owners aren’t always aware of trash collection rules, which may differ from county to county. Additionally, communicating proper waste removal isn’t always at […]
20
Nov
Nov
The simplest answer is that self-showing technology allows showing rental property to prospective tenants to tour a property on their own and at their own convenience. Until recently, the only option available to prospective tenants was to schedule a tour with a leasing agent. This often involves a lot of back and forth between the […]
17
Nov
Nov
No landlord wants to deal with the inevitable cost and hassle that comes with eviction. However, it is sometimes necessary as a legal means for removing a problem tenant. As frustrating as the situation may be, landlords cannot resort to their own means of eviction. In fact, state laws are stringent regarding evicting a tenant, […]
16
Nov
Nov
The rental agreement is the most critical document to the success of a landlord-tenant relationship. However, many owners do not fully understand the legal implications of this document. As a result, some landlords opt for cookie-cutter leases that do not offer adequate protection instead of consulting a professional property manager or attorney. But ensuring the […]
15
Nov
Nov
The short-term rental market is growing stronger and stronger as time goes on. Short-term rental properties have gained significant popularity among renters and landlords, as they’re more convenient for travelers and profitable for investors. However, does that make it a sound investment strategy for you? Well, it depends on several different factors. In the following […]
14
Nov
Nov
It may surprise some rental owners, but property management and property maintenance are not necessarily the same. For landlords, maintenance is just one item in a long list of responsibilities to keep a rental business running. Savvy investors look to professional management firms to maximize profits while avoiding the daily stresses associated with the rental […]
13
Nov
Nov
Many investors get drawn into the rental industry by the lure of passive income. After all, who would not be interested in extra money? Real estate is a solid investment, whether your goal is saving for a college fund, retirement, or added peace of mind. That said, investing in the rental industry is not without […]