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When you invest in a rental property, ROI is everything. You either generate a positive return on your investment or you don’t. And while the agreed-upon sale price is obviously the most essential factor when you run the numbers, you mustn’t ignore closing costs. For all intents and purposes, they’re a part of the investment.

Every landlord would love to have the perfect tenants, but there are some bad eggs out there, sad to say. Proper tenant screenings and background checks are a good start to avoid them. However, there are other factors you’d be smart to consider. Take a look at the 11 tips below to help you find

During the course of your property management activities, you may feel the impulse to raise the rent at one of your properties. There are many good reasons to do this, such as to cover new expenses like higher property taxes or HOA fees. You may also simply wish to increase your profits by keeping your

Not all tenants complain. In fact, many of your best tenants will remain content indefinitely: continuing to pay rent and reaching out only when the house or apartment clearly needs routine maintenance or a small-scale repair. But some tenants will complain on a semi-regular basis. If you’re unlucky, you might end up with a tenant

Tenants should be allowed to have guests stay a night or two, but long-term guests can pose a problem. Sometimes it’s just a friend or relative who’s visiting from out-of-town, but a long-term guest may include someone who has no intention of leaving. Technically, at some point a long-term guest becomes a tenant. What started

Late fees are designed to encourage tenants to pay rent on time. Though a late fee won’t make any difference among tenants who genuinely don’t have the money, there are other reasons tenants pay late. Late fees can be a deterrent for those situations. Why would someone not pay the rent on time when they