Residential property management is a tough business. It is no secret that a rental property is a great investment. But, they take work to manage, especially if you do not use a property manager. From understanding leasing procedures to screening tenants, there are a great...
Finding the right tenants is one of your most important jobs as a landlord, and an online rental application can make the process easier. Not only does it streamline the application process, it also helps you move tenants in quicker. That's because it allows prospective...
Absentee landlords are landlords who do not come to their property once a week because of living a significant distance from the rental. But, the problem with this is that being absent is tough. That’s because when you are not monitoring your rental property on...
They say that past behavior is the best predictor of future behavior and tenants are no different. In fact, past tenant behavior is what every good landlord should evaluate during the screening process. Screen a tenant right and you’ll get a good tenant with fewer...
Property managers handle the daily operations of a real estate investment. At a very basic level they collect the rent, pay necessary expenses and taxes and send reports to the property owner. But their primary function is to maximize the financial return that the owner...
Whether you own one small apartment building or several, you should have two very specific goals in mind. The first one is to keep each unit consistently filled with reliable tenants. And, the second one is to keep your rental income coming in. However, it...
Anyone in the property management business knows, that long term renters are better for business. In fact, the ROI in your property is never higher than when you can retain the same tenant year after year. That’s because long term renters stay longer, giving you...
Real estate management can be a nightmare if you don’t know what you are doing. For many, the investment in real estate means renting it out for the passive income and appreciation. After all, that is what a real estate investment should provide. But, not...
Rental repairs and maintenance are a part of managing a rental. And, no matter how thorough and consistent you are with preventative maintenance, problems at the property will still develop. From a cabinet door that falls off its hinges to pest problems, as a landlord...
One of the most important responsibilities of a landlord is conducting thorough walk throughs. In fact, landlords who conduct a good initial walk-through of their rental property, will experience less damage than those who rush through or skip the process altogether. That’s because doing walk...
