Each investment property comes with its own risks and rewards, and this is even truer when your property comes with rent-paying tenants, so you can start collecting rental income right away. However, there are ins-and-outs to buying a tenant-occupied rental, and every investor should know the potential roadblocks and benefits to inheriting tenants with your […]
When it comes to signing a lease agreement between landlord and tenant, what is the standard process? The rental lease agreement is a formal contract between a tenant and a property owner, or a representative of the owner, like a property manager, outlining the terms and conditions for living at a rental property in exchange […]
As the summer months drag on, it can sometimes feel like keeping your house cool is an impossible task. Long, sticky nights can seem unbearable, particularly if you don’t have the luxury of air conditioning. When it’s hot out, it might seem like cranking up the AC is your only option. But depending on your […]
School supplies are running store shelves and children are soaking up those last summer rays. With summer break nearing its end, and back-to-school season in full swing, now is the perfect time to wow your residents and remind them why living in your rental property is wonderful. As parents and students are settling back into […]
Owning an investment property requires a little more work than simply collecting rental payments, paying the mortgage and pocketing the profit. First-time landlords will benefit from understanding all the expenses that go into owning a rental home beyond a mortgage payment. An investor’s budget should allocate for standard homeowner expenses like mortgage, taxes, insurance, and […]
For some people, real estate is addictive. Once you’ve started making money off your first rental property, all you want to do is make more. For some investors, acquiring a second or third rental property is a great idea. For others, it’s not. Even if you’re making money with your first and only rental property, […]
Whether you are making the plunge to buy your first home after renting, are moving for a job or simply found your dream apartment elsewhere, if you find yourself wanting to move out of your current rental, there are steps to be taken. While it can be easy to give into the excitement of a […]
Proper file management for landlords and property managers can save you tons of time if ever faced with an audit, legal dispute, Fair Housing claim, or if you simply need to find specific lease terms. Like most businesses, state and federal guidelines dictate which files professionals in the rental industry must keep and for […]
Like everything else we do, moving to a new house or apartment entails certain costs, but in many cases, those expenses shoot up to heights that cause our stress levels to do the same. Yes, moving requires you to spend a certain amount of money, but that doesn’t mean your costs should become stratospheric. There […]
By now, many responsible tenants know the importance of renters insurance. Policies can save renters thousands in the event of damages caused by personal negligence or unforeseeable threats to the property. Knowing that you have the right renters insurance policy can offer you a great deal of peace of mind, and will allow your landlord […]
Maintaining a residential property requires active care and preventive maintenance to ensure the longevity of your home. In the case of rental housing, most owners do not live onsite and rely on tenants and management to maintain the condition of their investment property. Despite one’s best effort to screen applicants in order to find […]
Property managers that thrive execute one thing very well: Efficiency. Because there are so many moving parts that go into running a successful rental business, property managers need have a system that keeps them efficient and effective. Property management software gives landlords and property managers a convenient solution to organize their rental business and streamline […]
Congratulations on making the leap towards owning an investment property. Real estate investments are often seen as one of the most reliable (and profitable) investment opportunities due to the tax benefits and income potential. However, a reliable and profitable investment will only become safe and lucrative if managed properly. A new landlord needs to take […]
Make a lasting first impression with a Rental Resume to make sure your landlord remembers you during the rental application process. Applying for a rental home can be as competitive as landing your dream job. The best properties will attract the most qualified tenants, and as a renter, the application process should be approached like applying […]
Landlords and property managers are required to follow their federal, state and local laws about informing tenants of policies, facts, and rules about the property. Any information that is shared with a renter about the property or a renter’s rights are considered disclosures. Landlord disclosures can either be included in the lease or rental agreement, […]