Do you have a disproportionately high turnover rate? Do good tenants seem to leave every time a lease agreement expires? Do you seem to have to work harder to retain tenants than other landlords you know in the area? If these issues sound familiar, then you may need to reconsider your approach to property management and how you’re treating your tenants…. [Read More]
Archives for February 2017
In most areas around the country, the real estate market has experienced a nice post-recession recovery and homes are going under contract within days of being put on the market. If this is true in your local market, yet you have a home that’s been listed for weeks or months, then it’s easy to get a little restless and wonder what’s going on. Are you just being impatient, or is it time to take your home off the market?… [Read More]
A passion for real estate isn’t always enough to create a profitable rental property. Most landlords and investors must carefully watch the market and understand the ups and downs. The majority find themselves in the rental market, whether residential or commercial. Though it’s not always an investor’s first thought when considering wealth in real estate, market trends and forecasts show that single-family homes are actually best for generating high revenues…. [Read More]
This coming year, 2017, will bring changes for many people. According to Nielsen research, the majority of Americans will be making resolutions that have to do with their health and fitness. In 2015, 37 percent of people made a resolution to stay fit and healthy and 32 percent resolved to lose weight.
These resolution stats are basically unchanging from one year to the next. Another thing that never changes is how the majority of resolutions regarding health and fitness go strong through January and February, but largely disappear by the time spring arrives…. [Read More]
Some people become landlords because they like the idea of managing their own property. Others may have inherited a structure, or simply jumped on a good deal.
No matter what your motivation for becoming a landlord was, your goal is going to be making your investment profitable. It’s more than possible to earn a living as a landlord (if you dedicate yourself to property management), but you need to make sure your incoming revenue exceeds what you routinely spend; and eventually, you should be earning more from your property than you put into it…. [Read More]
You don’t need a blog post to tell you that buying a home is a massive financial investment. You’re probably worrying already about the down payment, interest rates, loan approval, and staying financially stable enough for the next 30 years to pay it off.
Then there are the other risks that come with home ownership, like $7,000 plumbing jobs and potential pest infestations. More and more, millennials prefer to rent rather than go through the financial hassle of buying a house…. [Read More]
Most of us have had difficulties with a noisy neighbor in the past, whether it involved noise from a dorm room across the hall in college or a dog down the street that wouldn’t stop barking. It’s annoying, and in extreme circumstances, can seriously interfere with your sleeping habits and relaxation time.
If you have a tenant who’s consistently being too noisy, it’s your responsibility as a landlord to take action. If the person shares a building with other people, a prompt response is necessary to ensure your tenants remain satisfied…. [Read More]
If you’ve invested in an income property, you know the importance of saving money. As a landlord, it’s your job to make sure that apartments are filled, tenants are happy, and you’re bringing in a little extra at the end of the day.
This is a lot harder than it sounds, even for rental properties that make a good profit from their investments. Whether you’re dealing with a lucrative property or you’re struggling to make ends meet, these money management tips will help set you up for success…. [Read More]