Building a portfolio of rental properties is a rewarding investment. After all, the number of people choosing to rent rather than own continues to maintain status or grow. Studies reveal that in 2018, the growth in renters was 23.7 million and outpaced homeowners in 97 of 100 top US cities. The percentage of people choosing to rent …
Continue reading “The Who, What, Why, and How of Property Management – Part I”
It’s a given – the greater your occupancy rate, the higher your rental property profit, but alas, tenants do leave. The key is a quick turn-around, which requires a plan of action for preparing your property for the next tenant. It begins with your rental agreements. Always include a damage/cleaning deposit and provide each tenant …
It was late in October, on a cold Colorado afternoon when my wife came to me with news of her new job opportunity. She was really excited and I was excited for her – until she told me where it was. “Move to Phoenix? Job starts in two weeks?” I vividly remember the panic I …
Continue reading “First Time Landlord? Here’s What I Learned…”
