5 Golden Rules to Create Model Tenants
After investing in your rental property, your tenants become your most valuable asset. They help determine your staying power in the real estate business, and therefore serve as valuable additions to your property’s value. Selecting good tenants is a difficult role for most landlords, but not because of the caliber of tenants. There are many […]
Short Term Property Management Tips
Whether you are looking to add some extra cash into your budget to make ends meet or you want to supplement your holiday plans by renting out your home, short-term property management can pay off with some big rewards. Even if you just have an extra room, you could make more than $20,000 per year […]
Protecting Vacant Properties From Vandalism
Most rental properties undergo a vacancy period at some point, whether they‚Äôre between tenants or yet to be rented. Vacant property is a frustration and concern for landlords because the owners aren‚Äôt earning income during this time, and the house becomes at risk for potential problems like vandalism. A study by the US Department of […]
Rental Property Deductions
Owning a rental property means that you are a business owner and property owner at the same time. Because of this, the owner must be aware of key rental property deductions that you can take every year to help manage your tax liabilities. It is important to remember that these deductions are not the same […]
Four Must-Haves for New Landlords
You‚Äôre ready to take on your new role as a landlord, and you‚Äôre motivated to be successful. Equipped with the right tools and mindset, you can successfully manage your property, ensuring that your place remains well maintained and your tenants are pleased with their new abode. These four must-haves will make your tenure as a […]
Best Payment Options Landlords Should Accept for Rent
Regular, on-time rent payment is critical in ensuring your business remains profitable and running smoothly. Sometimes, however, rent isn‚Äôt paid ‚Äì from lack of funds, travel, or just forgetfulness. Offering a variety of options might be a good solution to helping your tenants stay on track. Let‚Äôs first start with the old standbys ‚Äì check […]
Do I Need A Real Estate License To Manage Property?
Professional licensure requirements in the United States are intimidating to many novice property managers. Many times, if a property manager is working for a larger company, the company will make these requirements clear. Both a company and its employees can receive hefty fines, mandated continuing education, or worse if an individual at the company is […]
Common Maintenance Issues and How a Landlord Can Resolve Them
One of the biggest challenges that landlords face on a continuing basis is maintenance. No matter how new or how well-built the property is, sooner or later you will have to deal with repairs and maintenance needs. For first-time landlords, this can be especially difficult if they don’t know where to turn. Have a Plan […]
How To Repair a Leaky Outdoor Faucet
Outdoor faucets eventually begin to leak and it can become an annoying issue. Sometimes more water comes out of the faucet than it goes into your hose or sprinkler system. You can fix the outdoor faucet pretty easily in most instances, but depending on the size of the leak, you may need to replace the […]
How To Check For Evictions
Part of the tenant screening process for any landlord must include an eviction search. Tenants that have past evictions may not be a true reflection of their potential value in a lease, but it does indicate that they are a high-risk tenant that may not be right for you. Eviction records are considered part of […]
