10 Lead Generation Sources for Real Estate Investors
For real estate investors, leads are the name of the game. In order to make savvy investments, you need a constant influx…
Is an Elevated Vacancy Rate Holding You Back?
Investing in rental property isn’t for everyone. You need some capital, a certain degree of risk tolerance, and a willingness/ability to pay attention to the details. But ultimately, the formula for landlording success isn’t that complex. It looks a little something like this:
Choosing Your Top Tenant Applications: Who Stands Out?
The rental applications have come flooding in and it’s time to start reviewing them – but what should you look for? Too often, guides to the tenant selection process focus on red flags and while those are important, you want great tenants, not just acceptable ones. At the end of the day, red flags don’t… [Read More]
8 Tips to Make Security Deposits Less of a Headache
As a real estate investor and landlord, your job is all about mitigating risk and maximizing return. The more you’re able to accomplish these overarching goals, the more success you’ll experience. And while security deposits may seem like a small issue to outsiders, experienced landlords know just how much they impact both risk and reward…. [Read More]
6 Ways to Earn a Tenant’s Trust (and Why it Matters)
If you’re the landlord, does it really matter if a tenant trusts you? Absolutely. A tenant who trusts and respects their landlord is less likely to cause careless damage to the property. They’re also more likely to communicate with you and work with you to resolve problems.
What Credit Score Should You Look For in a Tenant?
When you have a vacancy at your property, you’ll be tempted to fill it as soon as possible. But in most cases, it’s better to carefully screen your tenants, so you can be sure you fill the property with a candidate who will pay you consistently, on time, and preferably for as long a period… [Read More]
5 Questions You Should Always Ask Prospective Tenants (And 5 You Shouldn’t)
As you may know from previous experience, good tenant screening is one of the single most important factors in being a profitable landlord. The right tenants lead to high occupancy rates, low attrition, and steady and reliable income. They cause fewer headaches, do less damage to your property, and simply make your life easier on… [Read More]
What to Ask a Prospective Tenant’s References
Establishing a tenant-landlord relationship with an individual is serious. If someone is going to be living in a property that you own, then you have the right to know who they are and what risks they pose. Unfortunately, many landlords – both inexperienced and veteran – often choose to forgo this critical aspect of the… [Read More]
10 Red Flags To Look Out For When Screening a New Tenant
A bad tenant can end up costing you a lot of money. While you might normally enjoy a positive monthly cash flow, a bad tenant can seriously cut into your profits; worst-case scenario, a bad tenant can actually put you in the red.
7 Types of Tenants Landlords Should Avoid
In a perfect world, the landlord would provide a much-needed service, and the tenant would accept it gratefully, paying the rent on time and respecting the property. However, that’s not always the case, and the best landlords will know how to recognize bad tenants when they come. This is why having a tenant screening process… [Read More]
Tips for Legally Denying a Tenant Application
The idea of denying or rejecting a tenant application is frightening to the average landlord. Most approach the issue with fear and trepidation and believe any slight misstep could land them in hot water. And, while this is true to some extent (you don’t want to illegally reject a tenant), there are plenty of ways… [Read More]
From Our Blog
Should You Rent Out Your Home During Events in Your City?
Vacation rental services like Airbnb, VRBO, and HomeAway make it easy to rent out your home or a couple of extra bedrooms…