If you want to sell a rental property, you’ll have to prepare it for showings and advertising. However, you may also find that there is a major roadblock on the path to selling: someone is currently living there. However, this does not mean hope is lost. You can still sell the property if you work […]
Category Archives: Tips for Landlords
02
Apr
Apr
Did you know that the average roof repair cost is $1,121, with most property owners spending between $386 and $1,873? That’s a lot of money for one property repair. Yet, having a sound roof on your Philly rental property is crucial to keeping your property and tenants safe and dry from the stormy weather that so often […]
26
Mar
Mar
When it comes to the appliances you provide your tenants, you’ve probably included the basics like a dishwasher, refrigerator, microwave, and washer and dryer. And if you want to maintain an edge on the competition, chances are you are offering top-of-the-line appliances that are environmentally friendly, modern, and potentially expensive. That said, it is extremely […]
19
Mar
Mar
Are you tired of handling your day-to-day landlord responsibilities on your own? If so, you’re likely considering hiring a property manager to help make your rental property business less demanding. However, if you choose the wrong property manager, your decision could backfire, making your job as a landlord even more stressful. That’s why it’s important […]
15
Mar
Mar
Are you aware that a silent intruder could lurk beneath your rental property, silently wreaking havoc on its value and your tenants’ well-being? Often unseen and insidious, water damage can chip away at your property’s integrity by decreasing its value by 10-20%. As a landlord, staying proactive against this hidden threat and knowing how to […]
05
Mar
Mar
Water and energy conservation are at the forefront of many peoples’ minds. As the cost of energy continues to rise, major droughts are also becoming a real threat in regions all across the country. Thus, as the number of people wanting to become environmentally friendly with their daily activities increases, it is important as a rental property […]
01
Mar
Mar
In the competitive field of residential property management, the adage “first impressions last” isn’t just a saying—it’s a business reality. The importance of maintaining a clean and welcoming environment cannot be overstated. For property managers and facility maintenance professionals, investing in industrial cleaning is not merely a matter of aesthetics—it’s a strategic business choice that […]
27
Feb
Feb
Did you know that the country’s rent index increased at an annualized rate of 3.6% in 2017? At the time, that was a significant increase compared to previous years. However, since then, we’ve seen even larger increases. From 2021 to 2022, we saw average rents increase by 14.07%, one of the largest increases since 2017. […]
20
Feb
Feb
It is always a landlord’s goal to find the “perfect tenant” to occupy their rental home. While performing thorough screenings of potential tenants that include background and credit checks, employment and income verifications, and even communication with previous landlords, income property owners must be careful that they avoid housing discrimination when it comes to placing […]
13
Feb
Feb
Any responsible rental property owner knows the importance of tenant screening when it comes to placing tenants in their property. You want to ensure the tenant you are considering has no criminal background, verifiable income that can cover the monthly rent expenses and a good credit score. One of the best ways to verify a tenant’s […]