What to Do If You’re Losing Money on a Rental Property
In a hypothetical model, a property owner should be able to generate positive cash flow with a rental property in an attractive…
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Whether you live in a small college town or a big city home to a few universities, you may encounter students taking their first steps into the rental market as they seek off campus housing. College students are a risky tenant population, but how can you tell if these potential tenants are raucous party types… [Read More]
Bugs are not popular. Whether they are tiny ants, giant roaches, or the feared bed bugs, no landlord or renter wants to find out that there are bugs on the premises. Depending on where your property is, different bugs will make up the blight. So what do you do as a landlord when you hear… [Read More]
As we’ve seen recently with many of the complicated situations arising out of Airbnb rentals, subletting is a tricky business and the rules vary widely, so as a landlord, how do you manage renters who want to sublet their apartments? It’s important that landlords have a clear subletting policy to avoid any difficulties down the… [Read More]
The paths people take to becoming landlords are very unique. Some people plan on becoming a landlord and purchase investment properties to satisfy this objective. Others sort of stumble into the role. Regardless of how you get there, though, being a landlord is a lucrative long-term opportunity with many financial rewards.
When it comes to real estate, pictures, images, and visuals provide far more value than words. Whereas written and spoken words only describe a property, pictures tell the entire story. Despite the importance and value of visual content, very few landlords and property management companies fully invest themselves in capturing and publishing high quality listing… [Read More]
Landscaping is one of those things you either love or hate. Certain people enjoy being out in the yard and find tasks like mowing the lawn, pulling weeds, and raking leaves to be more therapeutic than laborious. However, for most people, yard work isn’t enjoyable. It takes hours of regular attention and often leaves you… [Read More]
Whether you’re getting ready to add on a new room to one of your properties or need a simple electrical job completed, it’s important that you know exactly who you’re hiring. Thankfully, bad contractors are easy to spot. They’re their own worst enemies and all seem to exhibit the same warning signs. Let’s take a… [Read More]
After the tenant moves out, you hope that everything’s been perfectly cleaned, and you won’t need to lift a finger. Unfortunately, that’s usually not the case. As a landlord, most of the time you’ll need to go in after the tenant has moved out, and clean a little deeper before the next tenant arrives.
More people are renting today than ever before, mostly because of the millennial generation, or Generation Y. This group of people includes anyone born between 1980 and 2000, and they’re an ideal target audience for your rental property. They love the freedom and flexibility that come with renting rather than buying. With that said, they… [Read More]
High vacancy rates will bring even the most successful landlord to his knees. It’s like a deadly virus that latches on and never wants to give up. Whether you experience high vacancy rates with all of your properties, or just one, it’s important that you have a plan in place for quickly getting renters. In… [Read More]