Owning an investment property is a great way to build long-term wealth and generate additional monthly income. That said, being successful in the rental industry relies on a healthy profit margin. Unfortunately, typical and not so typical, expenses can chip away at those profits more than many landlords realize. So, it is essential that property […]
25
Jun
Jun
You cleaned your rental and ensured everything is in working order before move in – but is that enough? Even if your rental is in tip-top shape, landlords must conduct a thorough move-in inspection. In turn, this protects themselves, the property, and the tenant. A rental move-in inspection is critical to evaluating tenant damage at […]
24
Jun
Jun
The goal of any rental property business is to generate sustainable income and profit. However, even as the profits begin to roll in, it is important to plan for every contingency. Most rental markets experience some ebb and flow throughout the year. So, careful financial planning will ensure you save exactly what you need to […]
23
Jun
Jun
Part of being a successful landlord is adhering to regulations and all federal, state, and local laws. This can be a complex and confusing task for even the most seasoned investors. However, failing to comply means facing potential fines, loss of license, or expensive litigation. Continue reading below as we highlight the rental property compliance […]
22
Jun
Jun
Handling a vacancy can be a nerve-racking experience for landlords. So, when you finally have an approved application and move-in date, it is an exciting time. However, a landlord’s work does not end once the application gets approved. Move-in day requires preparation to go smoothly and create a positive and lasting impression on your new […]
18
Jun
Jun
The effects of the COVID housing crisis will be felt in the rental industry for years to come. While new legislation protected tenants from unpaid rent evictions, landlords with non-paying tenants found little relief or sympathy for their own financial wellbeing. As current orders are set to expire, the day of reckoning is coming. So, […]
17
Jun
Jun
As a landlord, your rental property will go through many different types of inspections – all of which play an important role. In the rental industry, the longer a unit sits vacant, the more money the owner loses. Therefore, making sure your rental is ready for marketing and an efficient lease process is key to […]
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 […]
15
Jun
Jun
One real estate investment trend on the rise is mixed-use properties. Typically, these properties have a combination of residential, retail, or commercial ventures in one building. In recent years, this type of development has become commonplace in many urban areas. However, for investors familiar with traditional residential management, is gambling on mixed-use the right move? […]
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 […]