Millennials (those born between 1980 and 2000) were projected to overtake Baby Boomers as the largest living adult generation by the end of 2019, according to population projections from the US Census Bureau. Many Millennials are struggling to save a down payment on a home – particularly those who have student debt. And an increasing number of …
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Marketing your Rental to Millennials
The Who, What, Why, and How of Property Management – Part II
Choosing A Property Management Company In Part I, we discussed the ins and outs of investing in rental properties. Since people always need a place to live, regardless of the economy, it makes sense, but it also takes time. Property management companies provide not only the time and expertise, but the peace of mind that everything …
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The Who, What, Why, and How of Property Management – Part I
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 …
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Preparing for New Tenants
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 …
First Time Landlord? Here’s What I Learned…
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 …
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