Water issues in a rental property are more than just an inconvenience. In fact, water can lead to extensive damage, mold growth, health hazards, and expensive repairs if not immediately addressed. That said, when a pipe burst and water is pouring into your home, it is easy to become overwhelmed. So, knowing how to find […]
Category Archives: Tips for Investing in Rental Properties
16
Jun
Jun
Eviction is a scary word for any landlord. However, what’s worse is when you find out the people living in your rental never had a lease in the first place! When that occurs, or when there is an unauthorized occupant – you have squatters. A common misconception is these individuals have no rights because they […]
14
Jun
Jun
Most people have heard of staging homes for sale – but what about homes for rent? Staging a rental property is a step often overlooked by landlords. Whether it is cost-prohibitive or just viewed as unnecessary, most property owners think their home will attract enough quality applicants without it. However, keep in mind that renters […]
01
Jun
Jun
The short- and long-term rental markets continue to be a booming industry with plenty of opportunities for savvy investors. However, when it comes to making your rental stand out, many owners are left wondering – to furnish or not to furnish? When it comes to deciding between furnished vs. unfurnished units, weighing the pros and […]
21
May
May
Part of being a successful landlord is preparing for all necessary and unexpected rental property expenses. However, for new landlords or investors, this is easier said than done. When it comes to determining income and profits, there are plenty of helpful online ROI calculators. That said, estimating expenses involves many variables that landlords can easily […]
10
May
May
Anyone who has lived in some of the larger cities across the US understands that affordable housing is not always easy to find. It may surprise some landlords and tenants that over 180 cities in the US enforce some type of rent control or rent stabilization. One of these locations is the nation’s capital, Washington […]
07
May
May
A booming sellers’ market combined with an uncertain future for the rental industry has many owners questioning if now is the time to sell. Smaller landlords have been hit hard by the financial impact of the COVID-19 pandemic and subsequent eviction bans. As that ban now stretches to the end of June (maybe further), what […]
06
May
May
It may come as a surprise to investors but owning and managing vacation rentals is not the same as traditional real estate. That said, the rapidly expanding short-term rental industry continues to provide opportunities for new and seasoned investors alike. However, to be successful, a keen eye for the right location is vital. Additionally, owning […]
04
May
May
The use of lead-based paint in residential housing has been illegal since 1978. Then, in 1992, federal and state governments created laws that aim to protect tenants against the potential health risks of lead paint. This is known as The Residential Lead-Based Paint Hazard Act. That said, enacting lead paint laws does not mean it […]
27
Apr
Apr
In theory, anyone could become a landlord. However, renting your investment property legally and successfully takes time, effort, and local knowledge. For many investors, the benefits of qualified property management services speak for themselves. After all, not every investor is prepared to organize repairs, comply with local laws, prepare marketing, or field those late-night maintenance […]