Every rental property owner in Philadelphia wants to know what it takes to be a successful landlord. Keeping your property turnover rates low, boosting lease renewals, and striving to keep your tenants satisfied, are the keys to succeeding in the rental property business. However, that’s the point: this is a business, and should be treated […]
Tag Archives: how to be a successful landlord
07
Jun
Jun
Being a property owner comes with a lot of stress. In addition to managing your rental property, as a property owner you must balance your work with everything else in your life. This includes family and friend obligations, other work commitments, and free time. Not to mention, property related tasks such as rent collections, routine […]
05
Jun
Jun
Anyone that has a Baltimore County rental home with carpeting knows what a beating the floors can take after a lease term has come and gone. And, while sometimes it may be your tenant’s fault (e.g. not removing shoes upon entering the rental), so long as the damage does not exceed normal wear and tear, […]
01
Jun
Jun
Have you ever wondered why your Philadelphia tenants sign 12-month lease agreements? While most property owners have tenants sign a yearlong lease agreement that can be renewed for another 12 months come the end of the lease term, there are those that prefer month-to-month lease agreements instead. If you are curious about the pros and […]
31
May
May
Staying ahead of the competition is tough when you are a property owner in Annapolis. As the capital of Maryland, and home to the United States Naval Academy, there are plenty of tenants looking for a great place to live here. And other property owners know it. If you are wondering how to stand out […]
11
May
May
One of the biggest challenges property owners in Prince George’s County face is collecting rent from tenants. Though ideally every tenant will pay rent in full and on time every month, all property owners know that this is not always realistic. There will be a late paying tenant at one point or another; it just […]
19
Apr
Apr
Collecting rent from your Howard County tenant is no easy feat. Especially if you have more than one rental property. Remember, you must keep accurate records of all rent payments accepted and balance any other financial transactions that may dip into this rent collection income for when tax time comes. In the end, this adds […]
05
Apr
Apr
Even though your Howard County tenants do not own the property they lease from you, chances are they want it to feel like home; for the time being, it is their home. Many property owners have strict rules when it comes to decorating or making any changes to the interior of their rental property, and […]
29
Mar
Mar
Customer satisfaction is the key to any business’ success. So, as a rental property owner, a good tenant relationship should be a priority. Whether you self-manage your investment properties, or employ Howard County’s top property management company to help you out, the importance of seeking a good landlord-tenant relationship should not be underestimated. There are […]
15
Mar
Mar
Tenant retention in Howard County is serious business. If you or your property management company do not look for ways to boost tenant retention, chances are you will experience more rental turnaround than you wish to see. Even worse, you may have to deal with extended property vacancies, which will cut deeply into your annual income. […]