Rental security deposits are important for owning and managing a rental business. If you are a first-time renter and don’t have experience with security deposits, you may not understand why they are necessary and how they work. Some renters assume that they are entitled to their full security deposit when they move out. However, in […]
Author Archives: Madison McCracken
13
May
May
When you own a rental property business, there are several expenses you must account for. Some of the most common rental property costs include insurance, taxes, and maintenance. However, sometimes landlords encounter unexpected rental property costs that negatively affect profits. So how can you avoid running into hidden rental property costs? Here’s what you need […]
11
May
May
If you’re familiar with purchasing real estate, perhaps you’re familiar with buying a “sight unseen” property. When you purchase a property sight unseen, it’s essentially the same as a blind offer in real estate. Ultimately, it means that you put an offer on a property without seeing the interior. It may seem like a significant […]
04
May
May
Maintenance is an inevitable occurrence in any rental property. After all, your home requires maintenance, so your rental property is no different. Keeping up with maintenance tasks and encouraging renters to report issues is essential. If maintenance issues or damages go unacknowledged for too long, it can result in long-term rental damage. Can landlords charge […]
03
May
May
If you’re looking to gain financial independence or save up for retirement, investing is a great way to do so. That said, there are several investment options available today. For example, you can invest in real estate, stocks, and more. But, what’s the best strategy for retirement? Keep reading as we go over how you […]
02
May
May
Investing outside your immediate area can pose several benefits. For example, you can find up-and-coming places to purchase rental properties in. Additionally, diversifying your rental portfolio can help you identify profitable markets. However, if you want to buy rental properties from afar, you need to be a long-distance landlord. While there are several benefits, there […]
29
Apr
Apr
Over the past several years, short-term rentals have gained significant popularity among renters and landlords. But is it a bright idea for your next investment venture? It ultimately depends on many factors, like how much time you can commit and how secure you expect your investment to be. That said, the short-term rental market isn’t […]
26
Apr
Apr
All landlords have a goal to rent to tenants that will pay in full and on time. One way to widen your prospective tenant pool is to accept Section 8 tenants. While it may seem worrisome for some landlords, there are several benefits to accepting tenants with a Housing Choice Voucher. After all, in a […]
25
Apr
Apr
When you’re moving to a new area, it can be difficult to get adjusted right away. If you don’t research the city or surrounding neighborhoods, you might not know what to expect. Additionally, if you’re looking to purchase a rental home in Philadelphia, you’ll likely want to do so in a suitable location where people […]
18
Apr
Apr
The COVID-19 pandemic has changed and shaped everyone’s lives in one way or another–including renters, landlords, and property managers. In fact, the pandemic has changed several aspects of the rental market throughout the past few years. For example, renters are looking for certain amenities and landlords need to keep up with the changing wants and […]