6 Strategies to Maintain Cash Flow for a Rental Property
Maintaining cash flow is essential to both covering the expenses of property management and to generating income from your rental investments. However, not all home rental strategies provide a steady and reliable cash flow. There are a few important calculations you must make to ensure that properties both cover expenses and produce long-term profits. The […]
What to Expect after an Eviction is Awarded
Evictions are never pleasant, but if you’re a landlord long enough, you will likely find yourself filing for one. PBS reports that eviction filings have climbed by 50% over pre-pandemic levels. There were about 3.6 million eviction filings hitting courtrooms around the country just last year. It is a necessary step to take against those […]
Priority Named to CNBC’s Inaugural World’s Top 200 Fintechs List
Priority is pleased to announce that we have been named to CNBC’s Inaugural World’s Top 200 Fintech Companies list, which honors the leading companies in nine categories, including digital payments, alternative financing, and digital business solutions.
Late Fees: What Should You Know?
No landlord wants to worry about late fees. In a perfect world the rent would arrive on the first of each month and everyone will be happy, but that is not the case sometimes. There are a multitude of reasons why a renter may need a little extra time to pay. In some cases, you […]
Overview of Tenant’s Rights
Landlords who provide housing to tenants must be aware of their tenant’s rights under law. However, where you are located strongly determines which laws you are subject to. National laws and a variety of local laws will direct tenant’s rights across the US. To stay on the right side of the law as a landlord, […]
Lawn Care: Whose Responsibility is It?
When managing rental properties, it’s important to draw the line between landlord and tenant duties. Landlords are responsible for the structure and function of the property, while tenants are responsible for day-to-day care. Tenants deal with changing light bulbs and air filters, clogged drains, routine cleaning, and so on. Landlords are responsible for repairs and […]
What Information Should Be On Every Rental Application?
A rental application is the litmus test for most landlords. It tells you a lot about your potential tenant. Do they have a job to pay their rent? What is their past rental history? Are they intending to bring pets into the home? A thorough rental application will tell landlords how trustworthy most potential tenants […]
Should You Screen Tenant’s Pets?
Many people have pets, and landlords have to face the choice of whether to allow pets in the unit or not. If they do, then they may face issues such as complaints, mess, even liability. So, how do you screen pets? Pros and Cons of Allowing Pets The obvious pro of allowing pets is that […]
Eviction Primer
If you’re in the rental industry long enough, you will eventually find yourself needing to evict a tenant. It can be a daunting task, especially if you’ve never been through the process. Many landlords find the eviction procedure to be confusing, time-consuming, and expensive. Being proactive and knowledgeable about your state’s eviction laws is essential […]
Streamlining Your Property Management
Being a landlord is rewarding but far more challenging than many outside the industry think. There’s a lot more to the job than sitting back and collecting rent checks every month. Those responsibilities can keep you unnecessarily busy if you have yet to find a way to streamline your property management. As a landlord, you […]
