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 […]
Tag Archives: common landlord mistakes to avoid
16
Aug
Aug
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 […]
21
Jul
Jul
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 […]
19
Jul
Jul
Proper bookkeeping is crucial to the success of any landlord. And, as portfolios begin to build, one tenant turns into ten, and the amount of documents you must keep on hand for not only your rental properties, but those occupying them, continues to grow. The next thing you know, your need for a paperless solution […]
07
Jul
Jul
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 […]
03
Jul
Jul
No matter how thoroughly you screen your Dundalk tenants, having your property management company follow a strict move-in process is a must. In fact, the success of your rental property business relies on a comprehensive move-in, successful rent collection, correct handling of maintenance issues, and proper eviction processes. In order to avoid unnecessary disputes both […]
26
Jun
Jun
Many Americans have the dream of starting their own business. In fact, freedom from the corporate world, being your own boss, and making a lot of money, are the thoughts that dominate your mind when you’re feeling that entrepreneurial spirit. But running a business is a lot of work. Launching a rental property business and […]
31
Mar
Mar
Part of being a successful landlord in Howard County is ensuring that your rental property is safeguarded in the case of an emergency. And oftentimes this is accomplished by requiring your tenants to have renter’s insurance. Yet, according to the Insurance Information Institute, as of 2016, only 41% of renters reported to have renter’s insurance. Renter’s […]
19
Mar
Mar
In the past, we have discussed some of the legal considerations Howard County property owners should be aware of when it comes to pest control in a rental property. In short, as a property owner you are legally responsible for providing a pest-free property to your tenants upon the start of a lease term. From […]
08
Mar
Mar
Did you know that in the United States a burglary occurs approximately every 18 seconds? This startling fact should alert both you and your property management company that home security needs to be taken seriously when it comes to your Howard County investment property. The thought of anyone breaking into your Howard County rental, especially […]