The COVID pandemic and resulting eviction moratoriums changed the dynamic between many tenants and landlords. While restrictions ramped up, the government stepped in to provide emergency relief to those facing financial hardship due to COVID. Both the CARES Act and American Rescue Plan Act promised crucial funding, but so far, only a tiny fraction has […]
Category Archives: Tips for New Landlords
24
Sep
Sep
At one point, cookie-cutter hotels and motels were a traveler’s only option – but those days are gone. The rapidly growing short-term vacation rental industry offers travelers nearly endless possibilities. Thus, this multi-billion-dollar industry has attracted the attention of rental investors looking to cash in on this latest trend. However, owning short-term rentals includes some […]
14
Sep
Sep
Operating a rental business requires owners to establish many different processes to remain organized and efficient. Of these, one of the most vital is financial record keeping. That said, failing to maintain organized data as your portfolio grows can quickly become overwhelming and spell disaster. For landlords, choosing the right bank for your business is […]
02
Sep
Sep
Purchasing rental property as an investment takes planning, decisiveness, and available capital to move quickly on a great deal. However, many investors face the same issues as new homebuyers – a lack of inventory. In addition, as the market across the country has become more and more competitive, investors are looking at property opportunities that […]
01
Sep
Sep
When it comes to job security, seeking out a growing and in-demand industry is a must. For ambitious and detail-oriented individuals, a career in the property management industry may be just what you are looking for. Whether you choose to become a property manager or start your own property management firm, a career in real […]
31
Aug
Aug
The rental industry is expected to grow exponentially in the coming years. This multi-billion-dollar industry has sparked a new wave of entrepreneurs starting property management companies to fill a need as investors grow their portfolios. Starting a property management company is much like any other small business. That said, there are some differences specific to […]
26
Aug
Aug
Being a successful rental property landlord can be rewarding but is not always easy. Unfortunately, for every great landlord, there are a few bad ones. Do you know what kind of landlord you are? Becoming successful in such a competitive industry demands landlords be at the top of their game with a commitment to maintaining […]
18
Aug
Aug
Evictions are an unfortunate event that is sometimes unavoidable. Understanding the legal process is the key to success when the only solution is to remove a tenant from the home. Legal evictions can be a lengthy process of notices, court appearances, and communications. To regain possession of their property as soon as possible, some landlords […]
16
Aug
Aug
Imagine going through all the trouble of marketing, properly screening tenants, and signing leasing documents, only to discover unwelcome occupants in your rental property. As a landlord, understanding who a tenant is, who is a guest, and who is an unauthorized occupant is essential. Furthermore, knowing your rights as a landlord can help deal with […]
11
Aug
Aug
The notion of accepting tenants with a Housing Choice Voucher may seem complex or confusing to some landlords. While there is a necessary process to go through along with some downsides, accepting Section 8 tenants comes with a list of benefits too. As affordable housing becoming harder and harder to find, expanding your tenant pool […]