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 Manage Dozens of Rental Properties from Anywhere in the World


Here are the basic principles to use to manage your rental properties from anywhere in the world.

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?

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...

My Property Is Not Renting? What Am I Doing Wrong


A vacant property is costing you money and time. If your property is not renting, it may be due to several things, some easier to control.

How to Properly Communicate Your Lease To Tenants


Communication is vital to the success of your relationship with a tenant. It is more vital to the landlord because they have more to lose. Here are 4 tips for how to properly communicate your lease...

5 Ways to Make Your Tenants Feel Valued


There're many ways to help your tenants feel appreciated. These five tips will help you increase the likelihood of keeping a good tenant happy.

The Pros and Cons of Month-To-Month Leases


Since a month-to-month lease offers pros and cons, it can be difficult for some landlords to know which to use. See if it's your best option.

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.

Effective Ways To Welcome Your New Tenants


Once you have successfully marketed your property, screened applicants, and chosen the right tenant, it is time to welcome the new tenant to the rental property.

3 Out of the Box Money Saving Tips for Landlords


Trying some or all of these money saving tips will hopefully have you making a little bit more each month as you use rental properties to increase your personal wealth.

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.

Important Legal Tips for New Landlords


Being a landlord is about much more than sitting back and collecting rent checks. While it can be a good way to make some money, managing a rental property comes with a lot of responsibility. Here...

Myths and Facts about Eviction Records


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

Guide Tenants Through Pandemic


If you're a tenant who now needs to figure out how to make your rent payment … or a landlord who must determine how to collect rent, ease tenant anxiety, and rethink rents moving forward … where do...

Are You Losing Income Due to Coronavirus? Can Your Insurance Help?


As we find ourselves in the middle of the coronavirus pandemic, a lot of questions are coming up in the insurance world with regards to whether insurance policies can provide any relief to landlords.

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.

5 Tips for Safely Reopening Apartment Amenities


Your tenants are usually used to enjoying the common spaces and amenities your facilities have to offer. However, with the impact of COVID-19, you've had to close most of those spaces to maintain...

4 Steps to Becoming a Landlord


As of the first quarter of 2020, the US's homeownership rate was 65.3%, up from a stable 64% from 2019. The other 34.7% of the population rent their homes, and 40% of those renters are 45 or older....

What Should You Learn Before Becoming A Landlord?


Do you dream of becoming a landlord one day? Do you want to know what it's all about? Well, if you're going to become a landlord or property investor, there are a couple of things that you need to...

Items to Review During Due Diligence


In this article, we'll focus on capital improvements, property taxes, current payroll, and copies of all warranties for due diligence.

How Many Property Managers Work From Home – or Still Have a Brick-and-Mortar Office?


As many areas of the country pause or slow down re-opening efforts due to the pandemic, a growing number of businesses have decided to close up their conventional offices and operate with most...

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...

Rights and Responsibilities Information for Landlords & Tenants


Whether you're a landlord or a tenant, you have specific rights and responsibilities outlined by the law of your province, territory, or state. Protect yourself; know what they are. Here are the...

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...

4 Property Management Tricks to Cut Down on Costs


While managing property can seem overwhelming at first, rental vacancy rates are consistently declining, making it an extremely lucrative field.

4 Secrets for Writing the Perfect Rental Listings


Here are the 4 secrets to writing perfect rental listings sure to convert prospects into clients. Apply 1 or many to see the benefits.

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.

Is It Worth Getting a Home Warranty on a Rental Property?


For many large purchases, buyers are given an option to purchase a warranty.

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...

Increasing Resident Retention for Your Property


Here are 5 property management techniques and industry best practices for increasing resident retention.

Tips for a Friendly Rental Application Process


Whether you have first-time millennial applicants or experienced 65+ tenants, making them comfortable with the application process should be a priority.

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.

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.

How Landlords Can Create A Win-Win For Tenants And Employees


One of the best ways to retain quality tenants in your apartments is to create a sense of community, a place where tenants call home and where they want to live with their friends and family.

Common Rental Mistakes and How to Avoid Them


Here are some of the most common rental mistakes and how you can, even as a first-time landlord, avoid them completely.

How to Protect Yourself from a Tenant Lawsuit


The key is to follow practices that are fair, equitable, and responsible. Here are 10 things you need to do to avoid a lawsuit from any future tenants.

How to Transform a Residential Property into a Tenant Magnet


An ideal location and price range help a great deal. But, they are just a fraction of what it takes to really tap into a steady stream of revenue.

Lessons From The Real Estate World: From Property Sales To The Corner Office


Realtors know their business extremely well, and they just may be able to give you a new take on yours as well. Learn more inside.

6 Reasons Your Rental Remains Vacant


Rental real estate is an excellent long-term investment that can give you a steady stream of passive income. But the reality is, it isn’t as easy as it may sound.

How to Prevent Negative Tenant Reviews


Online reputation might just be the difference between your property management company getting chosen as opposed to another.

Considering More Profit Opportunities For Your Rental


If you are looking for more opportunities to increase your profits, check out these methods for making more with your rental.

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.

Top 3 Landlord Mistakes on Charging Rent


Avoid these 3 FATAL landlord mistakes when charging rents to keep your rental business profitable and thriving.

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...

5 Steps to Maximize Returns on Your Furnished Rental


There are significant benefits to renting a furnished unit—especially if you put in the time to make it a safe, comfortable space for your prospective tenants. Here are five steps to maximize your...

How To Handle The Inherited Tenant


Be prepared no matter what by taking the proper precautions with inherited tenants. Here 2 tips to follow working with an inherited tenant.

Career in Real Estate: Five Secrets to Becoming a Successful Real Estate Agent


Here are five of the top secrets to becoming a successful real estate agent.

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...

4 Tips for Managing Multiple Properties In Different States


In our modern world, it’s easier than ever for investors and landlords to be in more than one place at the same time. Red-eye flights can be booked from your phone and face-to-face online video...

4 Ways To Make Your Rental Listing Stand Out


Rental listing apps and online resources mean that renters can find your listing faster than ever before.

Challenges Facing Landlords and Property Managers Going Into Q4


2020 has been a challenging year for many industries – to put it mildly. Property management is an essential industry that had to make sweeping changes and adjustments at the pandemic's onset....

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!

Why Landlords Should Consider Raising Rent On Their Properties


Raising the rent is an important component in managing one’s property. In order to run a successful business—whether you manage one property or dozens—raising the rent comes into play.

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.

3 Situations When Renting Makes Way More Sense than Buying


If you're young and have been renting for quite some time, you've likely wondered if it's smarter to continue renting or save up to buy your own home someday. After all, we've all been conditioned...

Pro's and Con's of Using Cosigners on a Lease


Some landlords allow cosigners while other landlords avoid them.  There are legitimate reasons to explore using a cosigner on the lease.  Let’s explore this further.

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.

5 Things to Try Before Thinking About Eviction


Eviction is the first thing that comes to mind, but that may seem a bit drastic.

Trouble With Tenants? Here’s Some Advice


The rental business can be pretty cutthroat, and if you go in unprepared, you’re probably going to end up getting burned. Here’s how you can protect yourself.

5 Factors That Will Have an Influence on Potential Tenants


Attracting good tenants that are compatible with the place you are renting while giving you a good payment can be tricky. How can you do all that? Well, there are a few important factors that have...

Everything You Need to Know About Relocating to a New Rental Market


Moving is stressful enough. For landlords, the difficulty of a move can be compounded by the learning curve of a new rental market and a new property.

How to Have the Best Relationship with Your Tenants


Being a landlord doesn’t require only a property to rent and tenants to rent that property to. Even though many believe that’s all it takes, to be a truly good landlord, you should do your best to...

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.

Restore Your Property Renting Value After Bad Tenants


Some tenants do not feel the property they are renting as their own. Others simply have bad cleaning habits and no respect for other people’s belongings.

Signs a Tenant is Trying to Scam You


If some people would put as much energy into finding honest work as they do into perpetrating scams, the world would be a much better place.

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.

How to Become A Landlord: 23 Things to Consider


Our friends at SmartMove contributed an article on tips on how to become a landlord.

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...

The Best Real Estate Negotiation Technique


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

9 Real Estate Rental Staging Tips For A Great First Impression


Staging your real estate for new tenants can be overwhelming regardless of your experience.

Tell-Tale Signs Of An Unsuccessful Landlord & What To Do About It


Being a successful landlord is about more than just having zero vacancies. Check out these management issues and how to fix them for good.

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...

Reasons for Graduates to Start a Career in Real Estate


Have you ever thought of getting into real estate after you’re through with your college? Many people do, and most of them find it a great option to start off their professional journey.

The Dreaded Vacancy: 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.

What Should You Have Put Together Before Applying for a Loan for Your Rental?


Here are 3 things you need before applying for a loan for your rental. By gathering documentation of your finances and collecting information about the property you want to purchase can simplify...

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?...

Hiring a Professional Property Manager for Your Rental: Pros and Cons


Just like everything else in real estate, working with a rental property manager has advantages and disadvantages. Let’s take a list of the pros and cons and you can decide if hiring a property...

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...

How to Motivate Employees at Your Property Management Company


Happy and motivated employees are an essential ingredient of a successful property management business. When your employees are happy and motivated, it makes for a great work environment....

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...

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.