So, you've bought an investment property and gotten it ready to rent. Now what? Finding future tenants, can be a consuming task, especially when you’re looking for the perfect tenants. If you don't have a background in marketing, you might not know where to start. Whether you have just bought your first investment property, or you are growing your portfolio, understanding property marketing is key...
Florida saw an estimated 329,717 new residents arrive between April 2020 and April 2021. Many of these new residents need a place to rent and becoming a landlord now could prove to be a lucrative opportunity. That said, you might be wondering how to become a landlord in the first place. It's not something to jump blindly into, after all. Here are our tips for new landlords. Understand the Fair...
While owning a rental property is a sure-fire way to get a healthy income stream, it doesn’t come easy. Being a landlord means you have a lot of responsibilities. You need to keep updated and follow tenant and landlord laws, ensure tenants pay rent on time, and even handle maintenance issues. This is why you need to know how to hire a property manager. Everybody agrees, managing rental property is...
Have you ever dealt with a bad tenant? You've seen them. They fail to pay their rent. They disturb your property's peace and evoke claims from other tenants. Tenants who are nightmares are detrimental to the profitability of your rental homes. They damage your track record as a property manager. Of course, the key to avoiding the migraine of nightmare tenants is to shun renting to them in the first...
Did you know that hurricanes have gotten twice as strong on average and will only get worse as climate change continues? If you're in charge of a rental property, it's important to do everything you can to prepare. The last thing you'd want is to put your tenants in danger. If you are wondering what you need to do to be ready, let’s learn all about preparing your rental unit for a...
Landlords have benefited from innovations in technology to provide better experiences for tenants. The dilemma is, with increased convenience comes heightened responsibility. Cyberattacks continue to increase worldwide, on a variety of scales, and show no signs of slowing in the future. The bottom line is, if you work in commercial real estate, you should be aware of common cyberattacks and how to...
Do you feel that you’re getting adequate income from your rental property? Whether you do or not, it’s always worthwhile to seek out ways to increase rental income. It’s especially important to increase rental income on your long-term properties. With long-term properties, it’s easier to make big investments that will pay off for years to come. It’s harder to make investments in short-term...
Consider this scenario. You just moved into what you thought was your dream apartment, and then you discover a roach problem, and some other issues with the plumbing that are causing plumbers and other contractors to traipse in and out of your condo all day long. Your rugs are ruined, your work-life balance is shot, and you can't sleep at night worrying about your current situation. Sounds dire,...
Real estate is one of the fastest ways to drastically grow your net worth. When handled correctly, you may even be able to establish multiple streams of passive income. It’s not always practical to manage your properties on your own, which is why so many real estate owners choose to hire a property management company. There are a handful of factors that you’ll need to keep in mind, however, when...
Not all renters take as much care of the property as you would expect. If you're a homeowner renting out your property this can be a terrifying thought. From water damage to renters not having the correct income. There are plenty of reasons why your potential tenants may be the wrong ones to rent your home. This is why most residential property management specialists will tell you that vetting your...
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