Property damage is unavoidable. If you haven’t had to deal with destruction yet, you will at some point in your career. Some…
Being a landlord comes with dozens of unique benefits and advantages. However, if you aren’t careful, you may also open yourself up to unnecessary risks. The key is to protect and look out for yourself, above all else. Have you taken the time and effort to protect yourself from future issues, legal disputes, and problems… [Read More]
While working through a lease agreement with a new tenant might seem normal, avoid the tendency to glaze over the details. Upon ending a tenant-landlord relationship, security deposit issues are among the most common problems people have. It’s important that you develop a specific strategy for implementing and explaining your security deposit to tenants.
When the average person thinks about real estate, their mind immediately jumps to homes for sale. Marketing these homes is important for landlords, and considerable effort should be made. Just because a for-sale and for-rent sign look fairly similar, doesn’t mean the approach here should be identical. Often, there are nuances and differences between the… [Read More]
One of the best ways to diminish vacancy and turnover rates is through proper tenant screening. While first impressions can tell you a lot, you need more than a brief meeting to determine who you’re dealing with. It’s imperative that you perform a comprehensive evaluation of every tenant you consider.
Whether it’s your first time renting a property, or you’re an experienced landlord, setting the proper rent price will help determine your financial success. Ideally, you would like to set the rent as high as possible to maximize your cash flow. However, in reality, there is more to setting a rent price than determining how… [Read More]
Even though a tenant isn’t looking to buy, they still want to live in a clean, comfortable home. They want to be proud of where they live, even if it’s not their property. If you want to maximize your rent in a competitive market, or make your property more appealing in a slow market, consider… [Read More]
When moving into a new home, people often choose to sell their previous residence. Most of the time, selling makes the most sense. There are situations, however, where it’s more beneficial to rent out the property instead. It’s important to look at all of the facts, especially when making such a big decision.