Closing Costs 101: Everything Homebuyers Need to Know
Buying a new house can be a confusing process, especially if you’ve never done it before. When you buy something at the…
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A Property Manager’s Guide to Handling Difficult Tenants
From the outside looking in, being a landlord is easy-breezy. You buy a property, find a tenant, charge a bunch of rent, use that money to pay your mortgage, and pocket the rest. Then do it over again…rinse and repeat in perpetuity. But as anyone on this side of the equation knows, it’s not that… [Read More]
When Should You Treat a Tenant Repair Request as an Emergency?
Most landlords understand that they’re responsible for handling property repairs and maintenance. While the vast majority of requests your tenants make will be relatively easy and inexpensive to handle, some of them will be both expensive and urgent. These requests are considered to be an emergency, meaning you need to respond as quickly and efficiently… [Read More]
How to Transition From Part-Time to Full-Time Landlord
People often get their feet wet in real estate by investing in one or two single-family rental properties. Many of them soon discover that real estate investing is what they want to do full-time. So, they immediately start asking questions like: How can I quit my job and become a full-time landlord? Great question…glad you… [Read More]
5 Ways a Property Manager Can Help You Find Quality Tenants
One of the biggest headaches rental property owners face is tenant drama. Of course, many tenants take care of their units, respect the rights of other tenants, pay rent on time, and cause minimal issues. But some tenants are less than amicable and can raise the blood pressure of investment property owners – and that’s no… [Read More]
Rental Vacancies Are Nearing Record Lows: What It Means for Landlords
You’ve likely noticed that your rental properties are experiencing fewer and shorter vacancies than usual lately. Even if you don’t have a rental property, you’ve likely seen mainstream publications on the surge in demand (and prices) for rental properties. The data is in. For rental properties all across the country, vacancies are nearing record lows… [Read More]
What to Know About Renting to Military Tenants
When it comes to rental properties, most landlords are fairly “tenant agnostic.” In other words, it doesn’t matter what the tenant does for a living, what profession they’re in, where they’re from, or how much money they make. As long as the tenant passes a background check, has good referrals, and meets the minimum income… [Read More]
Finding Good Tenants Is One Thing–Retaining Them Is Another
Did you know about 44 million housing units were occupied by renters in the U.S. last year? Finding good tenants is hard work. It involves advertising vacancies in the right places, charging competitive rental rates, conducting thorough background checks, and doing other things. One source notes that the average time a U.S. renter in a… [Read More]
The Pros and Cons of Becoming a Landlord
There’s a reason why 90% of millionaires invest in real estate. It can help you earn passive income and build long-term wealth. But the day-to-day aspects of being a landlord aren’t for everyone. Like anything, owning rental properties has its ups and downs. In this article, we’ll go over the pros and cons of becoming… [Read More]
How to Use Your Rental Income Smartly
It’s not really a secret anymore. Real estate is the best, fastest, and most predictable way to build wealth. If you play by the rules, don’t get emotionally involved, and use objective decision-making to invest in the right rental properties, you will generate revenue over time. However, there’s one big question that remains: What do… [Read More]
What Should You Do If a Tenant Lies on Their Application?
Before you can start collecting rental income, you need an active tenant. And before you get an active tenant, you’ll need to collect tenant applications from potential candidates. On these applications, your tenants will provide tons of personal details, including their identifying information, rental history, employment information, and more. So, what should you do if… [Read More]
From Our Blog
Can You Start Investing With a Multifamily Property?
Buying and managing properties as part of your rental property portfolio can be extremely profitable, especially on large scales. But even the…