In a perfect world, every property owner would have the perfect tenants that pay rent on time and leave your property undamaged but this doesn’t always happen. At first, a prospective tenant might seem like the ideal candidate but once they’ve moved in and are settled, can prove otherwise. To help avoid any issues, thoroughly …
Having a high tenant turnover can cost property owners thousands of dollars but by being more efficient, understanding where your expenses are coming from and understanding the trends that impact tenant turnover, you’ll be able to minimize tenant turnover and increase retention rate. The Costs Associated with Tenant Turnover When a tenant moves out of …
Whether you’ve owned your rental property for years or it’s your first rodeo, deciding to offer your tenants a fixed-term lease or a month-to-month lease can seem like a big decision but understanding how they work and the benefits of each will help you make a more informed decision. Fixed-Term Lease The most common rental …
Month to Month Leases vs. Fixed-Term Leases – How Do They Work? What Are the Benefits?Read More »
Are you currently in the depths of an apartment search? The moving process can be overwhelming and budgeting out the costs of both upfront, month-to-month, and overall moving fees can be even more frightening but by asking the right questions before signing a lease can make all the difference. Not sure what questions to ask? …
Owning a rental property and managing the property, tenants, and handling any repairs that come up can be overwhelming and one of the biggest challenges as a landlord is ensuring the property stays in tip-top shape between tenants. From normal wear and tear to intentional damage, landlords spend a lot of time and energy repairing, …
Have you recently started the apartment hunting process or just moved into a new place and were informed that the landlord collects rent online? You might be used to paying your rent in person or simply mailing off a check and are reluctant to pay your rent online, but there are a few benefits you …
Having an open line of communication with your tenant is extremely important to build a trusting relationship and to ensure timely interaction when things come up. If you’re having a difficult time communicating with your tenant, here are some tips for improving that relationship. 1. Highlight the positives When signage goes up about elevators being …
Tips for Improving Landlord & Tenant CommunicationRead More »
Would you prefer to avoid monthly rental income and expense management? Would you rather someone else deal with maintenance calls? If you answered yes to either of these questions, then hiring a property management company is the right choice for you. A competent property management company can add significant value to your investment, which is …
Advantages of Hiring a Property Management CompanyRead More »
Owning an income property is an exciting opportunity but just like everything else, things don’t always go as planned. Some years you might have amazing tenants that pay their rent on time and abide by the terms outlined in their lease, but other times you might have a tenant that never pays rent on time, …
It’s too soon to say if the recent softening in rental prices is a temporary lull or the start of a negative trend, but data and anecdotal experience both say now is a good time for renters to negotiate a lease. Company owner Anthony Lamacchia is constantly combing through the data and said he noticed …
Rents Are Down Slightly, Where Will They Go From Here?Read More »
