Have you thought about becoming a landlord? You can join over 650,000 people who own and rent units out to tenants. Renting properties can create a passive stream of income while you work or play. Make sure to cultivate positive relationships with your tenants to prevent high turnover and keep the cash flowing. These landlord tips can help you become a popular business person, you’ll never have a unit sit open for long. 1. Repairs One […]
Whether it’s renting your old home or buying and selling small single-family apartments, property management is one of the most diverse areas in the real estate industry. No wonder like so many individuals you have decided to invest your time and energy in this growing industry. This can be a very worthwhile investment for you but there are a few interesting property management facts that you should consider. Here are some tips that will set […]
Owning rental property can be a great source of extra revenue. Unfortunately, sometimes your renters outstay their welcome (and their rental agreement). When this happens, you have squatters. There are many reasons why someone refuses to leave when their time is up, but as the property owner, you must be sure to take the right steps in evicting squatters. It can be a time-consuming process, but you need to do things correctly to protect your […]
An unexpected death is always tragic and hard to work through. While the emotions surrounding this kind of loss can be difficult, there’s also a wealth of logistical issues that one might have to work through as well. Dying, as they say, can be complicated. This is certainly the case when a tenant passes away. This is a somber topic and one that every landlord hopes they don’t have to deal with. But it does […]
Current statistics reveal that rental units comprise about 30% of the housing market. But with the rise of short-term rentals like Airbnb, lots of people are joining the ranks of property managers. If you’re new to property management, there are a few things you must know! Keep reading for 5 must-have property management tips for beginners. 1. Do Your Due Diligence Most of the problems you’ll run into when it comes to property management are […]
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