Yes . . . What does happen? Some landlords have never considered facing that situation, while other property owners consciously choose not to think about that scenario. Still, all would have to admit that it’s better to be prepared than to be caught off guard. So, how about we dive into answering that very question. …
Author: Rentals America
What Happens When a Tenant Dies?
Book Review: What Every Real Estate Investor Needs to Know About Cash Flow . . .And 36 other Key Financial Measures – Frank Gallinelli
If you are a real estate investor, this is the book! As one reader says, “It’s a must-have reference for anyone from new to seasoned investors.” Gallinelli divides his book into two parts. In part one – Chapters 1-6, Gallinelli discusses the various topics investors need to understand. In chapters one and two, we discover how …
4 Tips for Keeping Tenants Happy
FACT: Empty rental units do not make money -they cost money in lost revenue and new-tenant renovation/improvement costs. In addition, they can eat up big chunks of a landlord’s time. Long-term tenants are the key to increasing revenue and profitability. Period. But how to achieve tenant longevity is the question. Some of the reasons tenants …
6 Ways to Market your Rental Property
Vacant rental properties are the bane of every landlord’s existence. Of course, vacancies will happen as that’s the nature of the rental property business. But to maintain adequate cash flow and make a profit, those vacancies must be short-term. New tenants must first be attracted to your property before they can be screened, approved, and …
3 Strategies for Managing the Appliance Shortage
As supply chain shortages ricochet across the country, property owners face appliance shortages and price increases on parts and repairs for the essential systems in their rental units. Demands surged for all types of appliances in the early days of the pandemic as folks hunkered down at home and tackled home improvement projects. Unfortunately, this …
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Best Bets for Communicating with Tenants
Collectively battling the COVID-19 virus these past two years has impacted the landlord/tenant relationship in multiple ways, one central area being communication dynamics. As is true for many of our relationships, maintaining a healthy connection has required continual shifting of strategies to accommodate an ever-changing environment. If that sounds like a lot of work, that’s …
Smart Technology for Landlords and Tenants
The convenience and possibilities offered by smart technology appeal to tenants and landlords alike. When used for tracking maintenance issues, providing ease of access, and the many security applications, landlords love the possibilities of smart technology. In addition, tenants in the Millennial and Gen Z categories can’t get enough of the newest, techiest gadgets, and …
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Common Objections to Paying Rent Online and How to Manage Them
Online rent payments save time and money. For landlords, online money transfers provide a faster, streamlined, and more secure process for receiving rent payments. Many renters love online options for paying their rent. They view it as hassle-free—no checks, stamps, envelopes, or getting it to the post office. But not all renters have bought into …
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Amenities Are Where It’s At
We check out the amenities even when seeking a hotel room for a one-night stay. Perusing for those must-haves that will assure us of a great stay. Free full breakfast. Pool. Free Parking. Onsite restaurant. Free wifi. If amenities are that important for a brief stay, imagine their impact in a residential setting? While we …
Time-Saving Tips
Time. Everyone has the same amount of time in a day, a week, a month, a year. But not all of us use our time as efficiently as we could and when it comes to landlords and property management, every minute counts. First, let’s talk about the simple strategies that will put minutes back into …
