As a landlord, it’s essential to be in the know about the many rules and regulations that impact the rental property business. And one of those need-to-know situations involves emotional support and service animals. While most people are familiar with service dogs, they are less knowledgeable about emotional-support animals. A common misconception meshes the two …
Continue reading “Managing Tenant Scenarios with Emotional Support and Service Animals”
What could be better than on-time rent payments made simple for both sides of the property rental equation? Every landlord’s dream, right? It can be downright appealing to tenants, as well. That’s why offering and encouraging the option of automatic monthly rent payments can make everyone’s life simpler. And in today’s chaotic world, any dose …
Continue reading “5 Strategies for Encouraging Tenants to Set Up Automatic Payments”
Renters come in all varieties. Those who keep a pristine home and those who struggle with too little time to devote to housework. The sentimental collector and those who prefer the lived-in look. The packrat and those whose disorganized, chaotic clutter may reach the point of causing a hazard to themselves or others. Wise landlords …
Continue reading “Clutter vs. Hoarding: How Much Junk is Too Much?”
The U.S. economy has been fluctuating, with inflation reaching its highest rate since the 1980s. The continuing Covid-19 pandemic has put further pressure on the economy as well. The real estate industry has also faced rising loan costs, which impact investment strategies and rental prices. Thus far in 2022, the Federal Reserve has raised the …
Continue reading “Rising Interest Rates: What Does This Mean for Landlords?”
Ah, the wonderful world of owning rental property. While it can indeed be a money-making venture that can build wealth over time, it’s an endeavor that should not be entered into lightly. There’s no place in the world of land lording for a ho-hum, whatever-whatever attitude or approach. And the folks who jump headlong into …
The success of a landlord’s rental property business hinges on finding tenants. But not just any tenants, great tenants who will pay on time, respect the property, and in the best-case scenario, become long-term renters. Unfortunately, finding these great, potentially long-term renters will not be a one-and-done proposition but a routine part of managing a …
Continue reading “Identifying Great and Not-So-Great Potential Tenants”
Tenant Appreciation: Celebrate Back-to-School Time You know that part of investing in rental properties is the investment you’ll make in the tenants who reside in said properties, right? Because to bring in the steady stream of income that will keep your rental business operating in the black requires satisfied, preferably long-term tenants. And that scenario …
Continue reading “Tenant Appreciation: Celebrate Back-to-School Time”
Loopholes of Real Estate is from the Rich Dad’s Advisors series. In this look-before-you-leap guide to real estate investment, Sutton shares advice for reaping the financial opportunities available in real estate – providing that you check the water depth before diving. In other words, don’t enter the realm blindly – learn the system. Sutton doesn’t …
Continue reading “Book Review: Loopholes of Real Estate – by Garrett Sutton”
Should a landlord utilize child-proofing methods in their rental properties? The answer to that question is – probably. Properties with safety features can be more appealing to potential tenants with young children, and can reduce liability risk as well. Fortunately, equipping units with the fittings and tools to ensure children are safe does not require …
With the costs of goods and services steadily climbing, protecting the bottom line is more critical than ever for landlords. The Dilemma Continue to meet financial obligations, pursue business goals, and maximize profits, all while offering housing options that are affordable and attractive to today’s tenants. The Formula Maximizing profits by increasing income while reducing …
