Landlord and Property Manager Tips

Whether you manage five units or 500, you're sure to find some helpful tips here!

5 Ways Landlords Can Maximize Their ROI


Whether you’re a first-time homebuyer or seasoned landlord, you likely want to maximize the return on investment (ROI)—a.k.a. Profit—on your rental property as much as you can.

How to Succeed in Property Management


Being a property manager encompasses a lot of responsibilities. As a mediator between the property owner and the residents, you and your team will need exceptional people skills, organizational...

8 Qualities of a Great Property Manager


It’s not hard to find a suitable property manager. You just need to look for certain qualities.

Motivating Tenants to Extend Their Leases


If tenants decide to move, landlords must market to find good renters. How do you motivate tenants to extend their leases?

First-Time Landlords: 7 Common Mistakes to Avoid


If you have a living space you are not using; you may have thought about renting it out. This something more and more people are doing, with 36.6% of households renting their homes in 2020. And...

You Want to Be a Better Property Manager? Ask Your Tenants for Feedback.


As a property manager, how can you be sure your tenants are satisfied with how your company serves their needs with well-maintained, safe, and functional housing? Ask them.

7 Steps To Make Your Move From Part-Time To Full-Time Landlord


Most part-time landlords work a full-time job and manage their rental property on the side. If you're fortunate, you can balance these responsibilities most of the time. As you acquire more...

Myths and Facts about Eviction Records


Test your knowledge by reading below and see if you can spot something new. You might be surprised.

Introducing New Renters to Your Rental Properties


Even though many might tell you it is very easy to rent your property, whether we talk about a flat, a house or an office space, it’s not quite that simple.

Advice to Consider When Managing a Property in a New State


You may be great at managing a property in your own state. Consider advice before deciding to manage property in another state.

4 Things To Do When a Tenant Stops Paying Rent


Being a landlord comes with lots of perks. But at the same time, the job can prove to be tough. This is especially true when you find yourself facing a tenant who has stopped paying rent or asking...

5 Ways to Increase Profits for Your Rental Property


There are many ways you can increase revenues for your rental property portfolio without buying more properties.  Try focusing on increasing the value of each property - one at a time – and...

Responsibilities All Landlords and Tenants Should Know


Finding a perfect tenant can be a long and daunting process, and landlords would rather spend more time on finding the best person possible rather than renting their apartment to just anyone.

Preparing Your Rental for a New Tenant: Steps for a Smooth Turnover


To appeal to your dream tenant, you need to be a dream landlord – by taking care of repairs and updates you'll ensure a smooth turnover.

5 Tips for Maintaining a Healthy Tenant-Landlord Relationship


You need to understand the healthy boundaries and obligations of a tenant-landlord relationship. Unfortunately, that’s easier said than done. The lines between the landlord and the renter often...

How The Eviction Process Works


To help visualize the eviction process, Legal Templates created an infographic to detail how this works and what to expect.

How to Review a Lease with Tenants the Right Way


One of the best ways to make sure tenants understand a lease is to sit down with them and go through it page by page. This is what is commonly referred to as a "lease review." Here are the 7 steps...

What Is the Best Time of the Year to Advertise Your Property?


Timing is the first factor that you should take into consideration while deciding when to advertise your property. Although it seems irrelevant at first, well-planned timing can increase your...

Dealing With Late Rental Payments from Tenants


Many landlords want to be fair and yet some tenants know how to play the system. You should know your rights in regard to late rental payments.

Documents Every Landlord Should Keep on File


Organizing your rental business can be hard. Here are some of the most important documents every landlord should keep on hand and why.

How Landlords Can Handle Long-Term Guests


Much has been written about the importance of getting your tenant to understand the lease agreement. By signing it, you both agree to abide by the contract and you both have a place to start when...

Multiple Rental Properties: How to Manage Them Like a Pro


Managing multiple rental properties can bring in a sizable income, it also brings many hindrances and challenges that can sometimes be overwhelming. If you want to manage multiple rental properties...

Setting The Tone For a Positive Tenant-Landlord Relationship


There are many ways to welcome your tenant into their new home. A “little something extra” doesn’t need to be fancy!

5 Simple Steps to Ease into Becoming a First Time Landlord


If you're considering becoming a first-time landlord or if you've already taken the leap, here are five simple steps to rental management.

How to Know if Your Tenants are Taking Advantage of You


Renting properties has become a more prolific business as of late. And if you have an empty home or apartment, it’s always better to have someone look after it for you and pay for utilities,...

Common Mistakes to Avoid for First Time Landlords


There are a few mistakes that new landlords often make which can quickly result in a loss of income.

5 Time Saving Tips for Landlords


Become a savvy landlord and implement these five time-saving tips to simplify life. These 5 tips will save you time and money.

How To Be A Great Landlord: Your Step-By-Step Guide


As a landlord, it is in your own best interest to do your job well. You can reduce the likelihood that you will encounter problems or issues with tenants by being a great landlord.

Must Know Tips For When Tenants Move Out


With your goal in mind of renting out the property again to another qualified tenant, the following must know tips will help you when a tenant moves out of your property.

Thinking of Becoming a Rental Property Landlord


Being a landlord could be a very profitable occupation, the one that is also interesting and fulfilling.

Important Tax Tips for Landlords


There is no need to stop investing in the property in order to earn a profit when you can write most of it off against your taxable income.

Experiencing a High Vacancy Rate? What Should You Do?


Have a look at our tips on how to improve your occupancy rate for maximum return on your investment property.

5 Simple (Yet Important) Tips for New Property Managers


As a new property manager, there’s a lot to think about: marketing your property to find tenants, making necessary upgrades without spending too much money, and much more.

Top Complaints from Tenants and Solutions for Them


As a landlord or property manager, you will have to deal with complaints from tenants. It’s the nature of the business.

The Best Real Estate Negotiation Technique


Understand and master the use of time, and you can buy a property for thousands less!

How to Build a Financial Moat with Real Estate Investing


Today, many of us live in our own plain and simple financial castles that are much more vulnerable than yesterday's castles. Not only do our financial castles not have any moat for financial...

How to Write a Business Plan for Owning Rental Properties


A business plan is the most important part of owning and running any business that you aspire to engage in.

5 Simple Tips for Managing Properties Remotely


Managing a rental property is tough enough work as it is. Trying to keep an eye on everything long-distance is even harder. If you own property out of state or at a significant distance from where...

Stabilize Cash Flow by Reducing Tenant Turnover


In the world of real estate investing, there are two numbers landlords consistently analyze: the cash flow their properties could produce in an ideal scenario, and the actual monthly cash flow they...

How To Improve The Way You Communicate With Tenants


The following are the top communication tips for landlords.

How to Make Sure Tenants Pay Rent On Time


There are various methods landlords and property managers use to handle rent collection and ensure stable cash flow. What systems should you put in place to make sure your tenants pay rent on time?...

Tips on Choosing the Right Property Management Company


Here are 10 tips for you to choose the best property management company. You want to hire the best management company with experience.

A Property Manager's Must-Have Addenda to Lease Agreements


A property manager needs to anticipate how to deal with unforeseen circumstances and shut down any similar future problems in the future. This is where addenda come into play. Here are a few lists...

Which Type of Residential Property Should You Manage?


Property management can be a rewarding business when you decide on the right mix of property you should manage to earn and diversify risk.