Time-Saving Financial Management Tips for Landlords
Being a landlord requires a significant amount of time and financial investment. One way to reduce the amount of time spent managing a rental property is to streamline how finances are handled. These financial tips can shave valuable hours from your weekly landlord duties. Discuss Property Purchases with an Accountant An accountant can offer useful […]
Landlord’s Guide to Rental Discrimination
Discrimination is a bad word in today’s society, but landlord’s need to discriminate as much as they legally can in order to get the best tenants possible into their property. What a landlord can and cannot do is government by local landlord/tenant laws, so before starting any vetting process, make sure to check local statutes […]
Selling A Rental Property With Tenants
Selling a rental property with tenants may be very straightforward or having a tenant in place can make for an unpleasant selling experience. Most real estate professionals will recommend allowing a lease to expire before selling a home. That isn’t always a possibility, so it is important to make sure that local landlord-tenant laws, which […]
5 Time Management Tools to Help Busy Landlords
You enjoy the experience of being a landlord, especially the income generating part of it. However, if you don’t have the time to enjoy the money, what’s the point? Your property management duties take up a lot of time, especially when you’re starting out. You’ve got technology on hand to help you work smarter and […]
How to Verify Military Service
Claiming military service is an easy way to try to get benefits, discounts, and other perks. Many will simply take a person’s word on their military service and issue the appropriate discount. In some industries, such as real estate or employment, the claim of military service must be verified. Here’s how you can do it. […]
5 Ways Landlords Save Money By Making Homes Eco-Friendly
Many individuals, landlords included, are opting to “go green.” By making a property more eco-friendly, a landlord reduces the environmental impact of that home, but in addition to this benefit, there are a variety of ways it can also save them money. 1. Utilities Savings While some landlords leave it to their tenants to have […]
When your lease is silent or unclear
There are a lot of reasons landlords give tenants standard leases. Sometimes it‚Äôs just faster and easier to use an existing or standard lease. Standard leases help get a tenant in the space quickly, but they can also have drawbacks. Even when a lease is customized to meet the needs of both landlord and tenant, […]
How to Insulate Yourself from Expenses with a Great Lease
Owning a rental property can be expensive, and if you‚Äôre not careful, you can end up footing the bill for repairs or damages that should be the tenants’ responsibilities. One important way to insulate yourself from such expenses is to write a great lease that covers as many contingencies as possible and clearly specifies the […]
Property maintenance tips for a landlord
As a landlord, you are responsible for ensuring your rental unit is free of damage and maintenance problems. Routine maintenance can be costly, so it is important to find ways to save money. By performing routine maintenance, you can help ensure that a small problem is fixed quickly before it becomes an expensive and headache-inducing […]
Five Strategies to Increase Tenant Retention
Just because a tenant‚Äôs signed a lease, doesn‚Äôt mean they‚Äôll stay–keeping a good tenant around has a lot to do with being a good property manager. Being flexible and friendly, yet professional, is crucial to tenant retention. Here are five strategies to increase tenant retention. 1. Call 48 Hours Before Coming Over Don‚Äôt show up […]
