If you are planning on renting property, your landlord may have told you he is going to run a credit check. What a terrifying prospect. Will he be able to see you didn’t pay your rent on October 1st, 2009? What about your credit cards? Calm down. Landlords do this as a means of mitigating risk when renting out properties. There are some things you should be aware of a renter. For example, there are […]
It’s easy to see the potential financial benefits of Airbnb in today’s era of side hustles and gig economies, especially if you live in a tourist destination. But Airbnb property management takes a lot more time and expertise than most people realize. Whether you renting your own property or an investment one, being a host is far from passive. Managing bookings and cleaning schedules, communicating with guests and prospects, and maintaining your rentals all require […]
Investment properties turn sour with the wrong tenants. Those who seemed trustworthy and responsible at first could end up doing a 180 after a couple of months. You need to know how to screen tenants using methods that’ll provide good decision-making information. It’s your responsibility to vet tenants but what if finding the info is difficult? In this article, we share four helpful tenant screening tips. Property Management 101: How to Screen Tenants like a […]
Owning and renting out a property is more than a handful. This is especially true when you begin to manage multiple properties. It’s often easier to just give the responsibilities to a property manager and let them handle it. It’s a great idea, but you’re giving that person a lot of responsibility. You’ll have to interview heavily and make the decision carefully. We’ve compiled a list of property manager interview questions to ask when the […]
More than a third of U.S. households were renters in 2016. Even up to now, 77 of the 100 biggest cities in the country still see a rise in rents, both in rates and number of tenants. No wonder then that renters shelled out a whopping $485.6 billion in 2017! As a property owner, this should be enough to make you want to rent out your property. But what if the property you want to […]
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