Whether you manage five units or 500, you're sure to find some helpful tips here!
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.
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...
It’s not hard to find a suitable property manager. You just need to look for certain qualities.
If tenants decide to move, landlords must market to find good renters. How do you motivate tenants to extend their leases?
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...
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.
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...
Test your knowledge by reading below and see if you can spot something new. You might be surprised.
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.
You may be great at managing a property in your own state. Consider advice before deciding to manage property in another state.
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...
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...
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.
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.
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...
To help visualize the eviction process, Legal Templates created an infographic to detail how this works and what to expect.
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...
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...
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.
Organizing your rental business can be hard. Here are some of the most important documents every landlord should keep on hand and why.
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...
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...
There are many ways to welcome your tenant into their new home. A “little something extra” doesn’t need to be fancy!
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.
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,...
There are a few mistakes that new landlords often make which can quickly result in a loss of income.
Become a savvy landlord and implement these five time-saving tips to simplify life. These 5 tips will save you time and money.
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.
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.
Being a landlord could be a very profitable occupation, the one that is also interesting and fulfilling.
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.
Have a look at our tips on how to improve your occupancy rate for maximum return on your investment property.
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.
As a landlord or property manager, you will have to deal with complaints from tenants. It’s the nature of the business.
Understand and master the use of time, and you can buy a property for thousands less!
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...
A business plan is the most important part of owning and running any business that you aspire to engage in.
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...
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...
The following are the top communication tips for landlords.
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?...
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 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...
Property management can be a rewarding business when you decide on the right mix of property you should manage to earn and diversify risk.