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 …
Maximizing Property Management Profits
The Ins and Outs of Pest Control in Rental Properties
We naturally try to distance ourselves from creepy, crawly pests of all varieties—rodents, insects, snakes. The very thought of these intruders invading our space is unpleasant at best. As landlords, it’s your job, and responsibility, to maintain a pest-free rental property. In fact, in many states, it is a legal requirement. Addressing creepy, crawly unwelcome …
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Why Hire a Landlord-Tenant Attorney?
Do I need a landlord-tenant attorney who focuses specifically on legal issues relating to landlord and tenant rights? Every landlord must answer that question for themselves, as each property owner has a unique combination of circumstances. So, let’s focus on the questions that will help landlords determine their need for an attorney specializing in …
Preventing Damage to Your Rental Property
Ever present in a landlord’s thoughts is the burning question, “How can I prevent tenant property damage?” Of course, all hopes are pinned on the best-case scenario, that any damage will be light and of the normal wear and tear variety. But wise property owners understand the need to consider damage scenarios that fall into …
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Optimizing the Tenant Experience
The dream of every landlord is to have all rental properties occupied. And when satisfied tenants fill those units, that’s icing on the cake. So what reduces turnover and keeps renters happy? A positive tenant experience. Landlords and property managers often seek tips on tenant retention in an effort to reduce the costs associated with …
Strategies for Making a Successful Offer
Gone are the days when multiple properties popped up for sale on a weekly, if not daily, basis. Buyers had time to peruse listings, do a leisurely drive-by or two, and work their way toward an offer. But today’s housing market moves much too fast for that laidback approach. Now, properties often move from listing …
What You Need to Know About Virtual Real Estate Investing
The old-school ways of acquiring property, via property tours, open houses, and in-person negotiations still reign in the real estate industry. But technology is making waves across these tried-and-true methods. The virtual world has made significant inroads, challenging these traditional methods. And among many investors, there’s a growing interest in virtual real estate investing. So …
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Buying a Tenant-Occupied Property
Pros and cons begin to stream through a real estate investor’s mind when considering buying a tenant-occupied property. Two of the most common are: PRO: Collect rent from day one CON: Stuck with the current tenants Let’s look at the PRO first. Imagine the time and stress you will not have to expend on locating …
4 Tips for Handling Tenant Complaints
One unavoidable element of being a landlord is tenant complaints. They come in all sizes, shapes, and severities. Even the most conscientious, attentive landlords will be called on to handle grievances ranging from mild annoyances to significant concerns. The key is to be prepared to manage and resolve the inevitable complaints, disputes, and divisions that …
The Low Down on Build-to-Rent
Thanks to the pandemic, the 2021 housing market saw a huge rise in single-family rental construction as families sought to transition away from apartment living in favor of the single-family home. Unable to leap into the homebuying market yet longing for both privacy and space, many families chose the appeal of built-to-rent (BFR) homes. The …
