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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One of your biggest priorities as a landlord is going to be keeping your property occupied. When the property is vacant, you’ll want to fill it as soon as possible. When the property is filled, you’ll want to keep your tenants for as long as you can. That’s because an unoccupied property is going to… [Read More]
While many landlords may be focused on finding the right tenant, renters are also assessing your property and the landlord to determine if the situation and property will also be beneficial for them. In order to attract the right tenants, a landlord should be aware of what most good renters are also looking for. Finding… [Read More]
No matter how much you try, it’s impossible to control everything your tenants do with your property. A large portion of the risk involved in owning rental properties is that tenants are unpredictable. One of the most problematic things tenants do is run an Airbnb business. Regardless of what’s in their lease, some tenants feel… [Read More]
Do you know one of the best ways to frustrate good tenants to the point where they move out? You can achieve this objective by providing poor customer service. The best tenants won’t put up with a landlord they don’t respect. They’ll instead head right for the exits at the end of their leases in… [Read More]
Owning rental property comes with some big challenges, and dealing with troublesome tenants is one of the most important things to get under control. Some tenants are perpetually late with the rent and refuse to pay late fees. However, the worst is when a tenant damages your property. It would be great if they followed… [Read More]
Finding the right tenant for your property can be a stressful process. You are making at least a year-long commitment with a renter that can dictate whether the rental experience will be a breeze or a headache. In a study reported by Bloomberg and done by the Census Bureau, it was found that in June… [Read More]
Did you know that between 2000 and 2018, the average number of eviction cases filed by U.S. landlords was 3.6 million? That means 7% of all renting households faced eviction legal action, and eviction filings nationwide climbed 21.5% during the aforementioned time frame. What does that mean for you as a rental property owner? It… [Read More]
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]
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]