The many benefits of owning rental properties are well known. Unlike other investments, real estate has various avenues for profitability such as: monthly cash flow, property appreciation, equity growth from mortgage paydown, and the ability to use depreciation to reduce tax expenses. ALL GOOD THINGS! Of course, it’s important to properly report income, expenses and …
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To say 2021 will be a year of massive shifts and innovations in the property management industry is an understatement. Successful businesses are beginning to think on their feet and out of the box, using innovative technology is one of 2021s biggest survival trends. Property management businesses that traditionally rely solely on in-person communication are shifting gears –working with tenants, …
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Ultimately, regular inspections aim to protect, and if possible, improve the value of a landlord‘s property. In Part 1, we discussed the What, Why, and When of inspections. Today, we’ll talk about how to accomplish it. Property inspections correctly carried out, will ensure this tool benefits rather than hinders the landlord-tenant relationship and positively impacts tenant retention. The HOW of rental property inspections: Establish A Set of …
Continue reading “The Lowdown on Rental Property Inspections – Part 2”
Inspections are a crucial tool in the property management business. In fact, they rank as one of the very best ways to protect your income-earning rental property. Do you want your property to grow in value? Do you want to guard the earning potential for this property? Do you want to maintain a healthy cash flow? Of course, the answer to all …
Continue reading “The Lowdown on Rental Property Inspections – Part 1”
Rentals America is pleased to announce the recent opening of our new office in Las Vegas, Nevada. Founded in 2007, Rentals America offers high-quality property management services for residential rental properties. Our mission is to provide professional excellence and customer service to make life easier for property owners, renters, and real estate agents. The Las …
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Rentals America cares deeply about the communities we serve. Our charitable program, Rentals America Cares, focuses on supporting food and sheltering needs for those in need. At the beginning of 2020, we set a goal to contribute 50,000 meals to Feeding America – the nation’s largest domestic hunger-relief organization. When COVID-19 hit our country in …
Communication. The essence of every relationship – from family, friends, and neighbors to your colleagues, kid’s teachers, service persons, and well, everyone in your life. Did we mention tenants? The ability to communicate effectively is vital to success in every area of life. So, let’s discuss the art of communication. We use communication both to …
2021 Has Arrived – Bringing Several Trends in the Rental Market Like many businesses, the property rental market was turned inside out by the pandemic. Both owners and tenants are waiting to see what 2021 will bring. One thing we can count on is “change.” For those of you who are wondering what the experts …
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Sure, like everyone who has invested in a rental property, you need to collect as high of rent as possible. On the other hand, maybe a better choice of words would be “to collect as high of rent as reasonable.” After all, you don’t want a potentially long-term, reliable renter to walk away because your …
The challenge is on: Finding a quality tenant who will pay the rent on time and take care of your property. While some view this process as a race to the finish line, that may not be the wisest approach. Sure, you want to secure a renter in a timely fashion to keep your rental property profitable. But …
