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The following article was originally published on Let’s Talk Property Management: Good tenants are at the heart of a flourishing rental. Tenants are the backbones of a property manager or landlord’s livelihood and should be treated accordingly. For landlords and property managers, tenants are and are the backbones of the business and livelihood. And while tenants can […]
June is national safety month, and as the hot weather gives way to pool parties and wildfire seasons, it’s no wonder this marks the perfect time to make note of your safety procedures. Keeping your tenants and your property safe is perhaps the most important task a property manager or landlord has on their plate, […]
Becoming a landlord can be a great way to earn passive income and save for the future. And whether you became a landlord accidentally (through inheritance or a simple need to create income with an extra property) or have purchased a property with renting in mind, every landlord has to start somewhere. Learning the basics […]
One of the biggest cash flow killers in property management is tenant turnover. When a tenant moves out of your rental property, not only do you miss out on monthly rental income from the unoccupied unit, but the costs continue to add up when you factor in the additional steps it takes to get your […]
The current rental market is tight. Many renters are finding that, on a single income, they may not meet the income requirements for their dream apartment. Getting a roommate to help with expenses can a smart option that allows you to apply for rentals that you would otherwise not be able to afford. This can be […]
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 […]
The following article was originally written by Nathan Miller for Forbes. Four Properties That Are Guaranteed To Be A Bad Investment When you evaluate a potential investment property, you need to consider more than just the list price to determine if it will be a good investment. You need to be familiar with the local […]
One of the many roles of a property manager and landlord is setting the right rent amount for an investment property. The right price for a rental property is a balance between wanting to maximize your income from rent payments and wanting to ensure the property is continuously occupied by trustworthy tenants. The U.S. […]
A renter’s lease agreement is a binding contract that outlines the conditions for tenancy at a rental property. You will make this agreement with your landlord or the property management from which you are renting. Signing the Lease Lease signing can take place in person or be completed online before you move into a new […]
Tenant turnover is a time consuming, and often expensive, process for landlords. A move-out inspection will reveal the condition of your property upon vacancy, which every landlord hopes is the same as the start of tenancy. While every landlord will cringe at the amount of cleaning a rental unit may need, or any property damage […]
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, […]