Of course, you have your rental property covered on your homeowner’s insurance policy. That’s a given. But should tenants also carry renter’s insurance? While many tenants and even a few landlords believe that the homeowner’s policy also covers the tenant’s personal possessions, that is not the case. Unfortunately, this fact often becomes painfully clear only after a mishap or disaster produces a claim that will not …
Category: Landlord Education
Renter’s Insurance: Yay or Nay?
Book Review: Buy, Rehab, Rent, Refinance, Repeat (BRRRR) by David M Greene
“Substantial wealth is possible through real estate investing. It is the single best way I know of to build wealth, and the BRRRR method is the single best way I know how to do it.” That’s the advice from David M. Greene, author of the book we’re reviewing today. If you’re interested in successful real …
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CDC Issues New Eviction Moratorium
Late yesterday (August 3, 2021), the Centers for Disease Control (CDC) issued a new eviction moratorium effective immediately and running through October 3, 2021. Although this is a new moratorium, it basically matches the previously moratoriums with a small change regarding the spread of COVID-19 within counties. It applies to those counties that are considered …
Should Landlords Invest in a Storage Shed? Yes or No…
So, you just received an email from your tenant. He is renting your single-family unit and plans to stay but wants more storage space for lawn care items, outdoor furniture, and toys. Should you accommodate your tenant? Does this mean you can increase the rent? What if you install it, and then they move out – leaving it full of junk? …
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5 Tips to Encourage Tenants to Renew Their Lease
If a tenant pays the rent on time, takes care of the property, obeys the rules, and adheres to the lease agreement, of course, you want that tenant to stay long-term. It’s a no-brainer. After all, only occupied rental units make money, and finding new tenants costs time and money while creating a lot of hassle …
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Summertime Safety and Your Tenants
July is in full swing, and that means fun-in-the-sun season. Your tenants are flocking outside to enjoy the weather, cook up tasty meals in the backyard, and relax with family and friends around the pool. But all this summertime fun can lead to an increase in personal injuries. Tenants rightfully expect that their safety will …
Book Review: Investing in Rental Properties for Beginners by Lisa Phillips
As the title points out, this book is written for beginners. According to Lisa Phillips herself, her target audience is “regular, average people who want to know how they can find financial security through real estate investing.” Phillips also says this book “is for people who are interested in making money in a way that gives back.” Having …
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Going Green as a Rental Property Owner
Of course, the environment is on your radar. You want to be eco-friendly, and you believe in sustainable living, but how does that apply to your rental properties? Here are some tips to be eco-responsible without wiping out your income. Energy Efficiency: Of course, this will have more of an impact if you pay the utilities, but there are advantages even if …
Should Landlords create an LLC for Their Properties?
The big question – should I create an LLC (Limited Liability Company) for my rental investments? An LLC (Limited Liability Company) is a business that combines various components of a sole proprietorship, partnership, and corporation. It is typically a less complicated business entity than a corporation. It is also relatively inexpensive to create and provides …
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Which Locations Make the Best Rental Investments?
Congratulations! You have decided to invest in a rental property. So, where do you go from there? How do you know which location is best? Let’s talk. There isn’t a magic formula. Neither is the answer the same for every investor. On the other hand, there are key issues to consider. Here are six essentials. Does the neighborhood primarily consist …
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