Sometimes tenants can be difficult; but as with most things in life, tenants are temporary. Or at least they should be. Unfortunately, as some unlucky landlords have found out, some problem tenants don’t want to leave. So what can you do? When dragging tenants out by their shirttails won’t do, it’s time to check into your legal rights…. [Read More]
Archives for January 2016
As a landlord, one of the biggest stressors is collecting rent. Even if it typically gets paid on time, you’re still left with a little anxiety at the beginning of each month. The reality is that it’s just not efficient to collect rent through the mail or in person. If you want to make the process as safe and painless as possible, you need to consider online rental payments…. [Read More]
If you’re looking to sell one of your properties, appearances are everything, or almost. That’s why staging is such a key part of the home sales process. Staging refers to setting up your home in a visually appealing way. While some staging advice will cost you a pretty penny, there are plenty of ways to clean up your property on a budget. Here are nine things your staging should prioritize to speed up home sales…. [Read More]
Being able to differentiate your rental listings from the hundreds of other local property listings in circulation is a skill that every landlord needs to hone. It’s not an easy skill to perfect, but it’s important, nonetheless. The ability to write high converting listings with descriptive and compelling language is something that can really set your properties apart from the competition…. [Read More]
For many landlords, the initial draw of buying properties to rent out comes from the naïve idea that these homes will always bring in surplus income. The idea of collecting rent is that the home will pay for itself, right? Unfortunately, this isn’t the reality. If all goes well, renting will help you recoup costs in the long term, but the correlation isn’t direct. If you spend too much on a home, even a home to be rented out, you could find yourself in unmanageable debt…. [Read More]
While most people think about single-family homes when looking at real estate investments, multi-family properties often bring better returns. The issue is that there are typically fewer of these properties available and they require a little more knowledge and research. If you’re a real estate investor looking to diversify your investments and incorporate a handful of multi-family properties into your portfolio, this guide is for you…. [Read More]
House flipping is a continually growing trend, fueled by HGTV shows like Flip or Flop and Fixer Upper. Savvy investors who like to work with their hands are looking for opportunities to flip rundown houses and turn a profit. However, turning a profit on a flipped home isn’t nearly as easy as reality stars make it look. There are countless mistakes that amateur flippers make. Here are a few you should avoid…. [Read More]
Many people think that being a landlord is easy and assume the responsibilities can be handled by anyone. But experienced property managers recognize that there’s a lot more to being a good landlord than meets the eye, and tenants have very specific ideas of how their landlords should act.
Typical landlords tend to fall into a couple of categories. First, you have the absentee landlord that never communicates, never answers the door, and only shows up when it’s time to collect rent. Then there’s the landlord that pesters tenants, wants to know everything about their lives, and micromanages their every decision…. [Read More]
It’s the holiday season, which means visitors from all over will be looking for vacation rentals as they visit family members or go on vacations. Maybe you already have a vacation rental, or maybe you want to turn your home into one while you travel this holiday season. Either way, there are a few things you’ll need to do to be prepared before the holidays hit…. [Read More]
In a perfect world, the landlord would provide a much-needed service, and the tenant would accept it gratefully, paying the rent on time and respecting the property. However, that’s not always the case, and the best landlords will know how to recognize bad tenants when they come.
This is why having a tenant screening process is so important. Call previous tenants, ask detailed questions, and interview them personally in order to get a good idea of the type of renters they’ll be. You can learn the signs that will identify any of the unpleasant boarders on this list in order to avoid a messy situation. You have enough going on as a landlord without worrying about tenant drama. Here are a few types of renters you’ll want to avoid at all costs…. [Read More]