Most outsiders don’t understand just how much stress comes with being a landlord. They assume it’s a flexible job where you ride around town, check in on properties, fix a doorknob or two, and chat with tenants. But what they don’t realize is that it’s actually a struggle to keep the entire operation afloat. Chief among these challenges is consistently collecting rent payments on time…. [Read More]
Becoming a landlord is exciting; you’ll have an opportunity to make significant income, month after month, with a minimal investment of time and effort. But remember, landlords have legal responsibilities to their tenants, and if you fail in any of those responsibilities, you could be held liable for the resulting costs or damages…. [Read More]
Pet-friendly housing communities are one of the most sought-after amenities. Not every landlord wants a pet on their property, so when a tenant finds a place that welcomes their furry family member, it’s a relief.
It’s understandable that some landlords don’t want to risk the potential damage that can result from an untrained or unruly pet. Not every animal will damage a home, but sometimes owners don’t train their pets out of destructive habits like chewing the baseboards. However, there are responsible pet owners out there and being willing to allow pets gives you a better chance at renting your unit…. [Read More]
As a property owner and landlord, you want to do the best you can to provide a great experience for your tenants and yourself. This includes finding reliable tenants and knowing you’re in compliance with the law, so you don’t have any problems. However, with so many housing laws, it’s easy to miss a few important details…. [Read More]
There’s a lot of money to be made in rental properties. If you’re savvy and know how to select good properties, you get the dual benefit of steady, monthly cash flow and an appreciating asset. But is remote landlording ever a good idea? And if you do venture into the world of long distance landlording, how can you make sure you have success?… [Read More]
Seasoned renters know that unpleasant sensation when you walk into a rental property and see bright, clashing colors throughout the space. In some rooms, it can be overlooked, but a bright teal in the master bedroom could make it a challenge to sleep at night.
Without a promise that the rooms may be repainted, some of us would have left such a property without a second thought. “Color wields enormous sway over our attitudes and emotions,” declares Internet marketing guru Neil Patel…. [Read More]
If your home won’t sell and you’re considering renting, you’re not alone. Plenty of people switch from homeowner to landlord when unexpected circumstances arise.
Peggy Abkemeier from Rent.com told Time, “We’re finding that a lot of people have houses that they would have sold and now need to rent. The demand is there. One out of every three renters who come to our site is interested in this new inventory.”… [Read More]
Rental property is one of the best investments you can make, and on paper, it seems pretty easy to get started. All you have to do is buy a property, pay a flat mortgage rate, and collect rent in excess of your mortgage payments, right?
In reality, being a landlord is much more complicated. You’ll be responsible for all the home maintenance that comes up (which may be many hours a week, or barely any time at all), you’ll be legally responsible for keeping the property livable, and on top of that, if you have a problem tenant, you’ll have to deal with significant headaches trying to sort everything out…. [Read More]
Property management is our business, but we wouldn’t want you getting caught in an investment that doesn’t work for you. Whether the lifestyle isn’t right or you risk not making a profit with the property, we don’t want you to make a bad investment.
Before diving in, consider seven reasons that becoming a landlord should perhaps wait…. [Read More]
As a landlord, you obviously have a vested interest in your properties and want to do whatever you can to maximize profitability and enjoy the highest ROI possible. Sometimes this means increasing rent prices to account for new costs or increased demand. However, you can’t just arbitrarily increase rents whenever you want. There’s a process you must follow in order to legally raise rents and keep vacancy rates low…. [Read More]