If you have severe vacancy loss, it could be the death knell of your rental business. You need to steer the ship, and quickly–but how? In this article, we’ll explain what vacancy loss is and why it matters, how to calculate it, its common causes and solutions, and even answer frequently asked questions. Keep reading […]
Tag Archives: Tips for Landlords
If you’re investing in real estate, knowing your numbers is key. One of the most critical metrics? Net Operating Income (NOI). But what is NOI in real estate, and how does it impact your investments? Keep reading to learn how NOI works, why it matters, and how to calculate it correctly. What is NOI in […]
Owning a rental property often means wearing many hats—landlord, accountant, and sometimes even handyman. So, you figure, you might as well benefit from all that hard work. So, if you’re taking care of repairs yourself, can you deduct the cost of your own labor on a rental property? It’s a fair question, especially with taxes […]
Moving out of a rental can be a bit overwhelming, especially if you’re not sure what to expect—or what it might end up costing you. From the final inspection to the cleaning requirements, there’s a lot to think about. But, at the end of the day, can a landlord charge a cleaning fee after you […]
There are many ways to assess the success of a rental property, but one of the most effective, tried-and-true ones is the rental yield. This tool helps investors determine how much income a property generates in relation to its cost. In turn, this offers a clear, succinct snapshot of a property’s profitability. In this article, we’ll […]
With more landlords opening their doors to pet-friendly rentals, finding tenants has never been easier. Pet-friendly properties attract a larger pool of renters, helping you fill vacancies faster. But with the benefits come concerns—how do you manage potential noise issues and property damage caused by pets? That’s where pet screening comes in. But what is […]
What happens if someone gets hurt on your rental property? As a landlord, you need to be prepared. Whether it’s a slip, a fall, or another accident, knowing your legal responsibilities and recourses can help you avoid costly issues. Let’s get into how you can deal with this ordeal. Main Takeaways If someone gets hurt […]
Rent increases are a thorny issue for tenants and landlords alike. Naturally, tenants want to be able to afford their homes without being left to pinch pennies. At the same time, landlords sometimes need to adjust their rate to keep up with rising costs, regulations, and other factors. With that considered, what is a reasonable […]
In recent years, aspiring real estate entrepreneurs have been entering the industry through rental arbitrage. With rental arbitrage, tenants rent from your property in the long-term and sublet it to short-term renters through Airbnb, VRBO, and other platforms. This sounds simple enough, right? But in reality, it’s not quite as harmless as it sounds. Let’s […]
One of the most critical aspects of being a landlord is finding reliable tenants. After all, a good tenant pays rent on time, keeps your property in prime shape, and helps you avoid frequent vacancies. But when it comes to how to find tenants, where do you start? It’s not always obvious at first glance. You […]