If you are a successful Philadelphia property owner, chances are you have been preparing for your annual end of summer property inspection. Routine inspections of your rental property are a great way to ward off major maintenance expenses, ensure your tenant is fulfilling their lease obligations, and ease your mind that your investment property is […]
Category Archives: Property Management in Philadelphia
Vacancies present quite a challenge to property owners. They dip into whatever positive cash flow you have accrued for the year, require extra time thanks to new tenant placement, and can be just plain frustrating. In the past, we have discussed plenty of ways to reduce your vacancy rates, as well as how to improve […]
Making your rental property eco-friendly is all the rage these days. Not only does it reduce your tenant’s cost of living, but it also reduces your property’s carbon footprint (e.g. the greenhouse emissions that are tied to global warming). Did you know that, according to NASA, there is a 95% probability that the reason our […]
The more experience you have as a Philadelphia landlord, the more you will realize there are all kinds of different tenants out there. And, in order to be a successful landlord, it is important that you tune into these different types so you can learn how to recognize red flags early on, how to keep […]
Finding long-term tenants for your Fishtown rental property is one of the keys to having a profitable rental property. With long-term tenants, you secure a consistent stream of rental income, and lower your tenant turnover rate. Most importantly, you decrease the stress of having to advertise a vacant property, conduct tenant screening, draft a new […]
If your Philadelphia rental property is vacant, chances are you are not a happy property owner. Vacancies are often the worst thing a property owner has to deal with in the rental property business, next to dealing with a non-paying tenant and an eviction. In order to minimize losing profit, and maintain your status as […]
Taking care of your Philadelphia rental home is just as important as caring for the home you actually live in. Yet, time and again, property owners either fall behind on general maintenance of their rental properties, or expect their tenants to handle everything – both of which are a bad idea. Keeping your investment property […]
Having tenants in your Philadelphia income property that turn out to be troublesome is enough to make any property owner want to quit the rental property business and run far, far away. However, this solves nothing. So, rather than stick your head in the sand and hope the problem fixes itself, try to remedy the […]
The thought of your Philadelphia tenant filing for bankruptcy no doubt brings to mind some very serious situations that you do not want to deal with. For example, if you have a tenant in your property that is claiming bankruptcy, how can you expect them to pay you rent each month? Worse, perhaps they have […]
Many times those who begin investing in Philadelphia rental property set out to do it all themselves. After all, being a property owner and leasing rental properties is the true path to a passive form of income, right? Well, not exactly… Though managing rental property can be fairly hands-off under the right circumstances – if […]