Rent increases are a normal and even expected part of any rental property business. Moreover, unless local law includes rent control policies, landlords are free to increase the rent as they see fit. While the goal for all investors is to make money, relying on rent increases to do so can easily backfire. Instead, […]
Tag Archives: how to be a successful landlord
09
Oct
Oct
The vacation rental industry has grown over the past few years, with an increasing number of homeowners and investors getting into property management. It’s proved to be a popular way to generate an income. The lure of earning extra cash is certainly appealing, but as a vacation rental manager, you’re not going to have it […]
27
Jul
Jul
Occasionally, landlords will come across applicants that seem great on paper but do not quite meet the income or credit requirements. When this occurs, landlords have two options, deny them and lose a potentially good tenant or allow the applicant to have a cosigner. That said, not every rental owner is familiar with the practice […]
15
Jul
Jul
Being a landlord is not a 9 to 5, Monday through Friday job. That said, being a rental owner comes with both pros and cons. Plus, there are times when working in a non-traditional industry such as real estate can wreak havoc on your schedule. For example, one of the common disruptions for landlords […]
13
Jul
Jul
Facilitating property tours for prospective tenants is an essential part of being a landlord. In fact, this step in the process is just as crucial as marketing to and screening potential renters. Most landlords realize that showing their property in the best possible light is crucial. Sometimes a deep clean, staging furniture, or boosting […]
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 […]
02
Jun
Jun
Sadly, confrontation is occasionally a given part of being a landlord. Furthermore, understanding how to deal with confrontation professionally and effectively does not always come naturally to rental owners. In fact, dealing with confrontation is something most people try to avoid at all costs. However, if you do not already employ the area’s best property […]
10
Feb
Feb
Investing in real estate is a fantastic way to collect passive income and build long-term wealth. However, if you are new to the industry, it can be daunting even figuring out where to start. Thankfully, successful investors, real estate moguls, and financial professionals share their knowledge in books that any potential landlord can benefit from. […]
21
Sep
Sep
Whether you have been in the game for decades or find yourself a sudden accidental landlord, there are always new things to learn. How can you become the best landlord you can be and, in turn, maximize your profits? Well, we are here to help! In any business, understanding your strengths and weaknesses is […]
30
Apr
Apr
Facing the fact that your Anne Arundel rental property has recently become vacant is never fun. However, vacancies are a part of being in the rental property business and must be dealt with swiftly. Crafting the perfect rental property listing is the first step to overcoming vacancy. We have previously discussed on our blog […]