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What Landlords Need to Know About Millennial Renting Habits

As the generation that makes up a majority of the rental market, millennials have different renting habits than the generations before them. Most millennials graduated college and entered the housing market during the Great Recession, carrying student loans and less disposable income.  With less disposable income, the ability to place a down payment on a …

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Not Again! Tenant Turnover Reduction

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 …

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Month to Month Leases vs. Fixed-Term Leases – How Do They Work? What Are the Benefits?

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 …

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Rental Property Maintenance Hacks for Landlords

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, …

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Tips for Improving Landlord & Tenant Communication

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 …

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Advantages of Hiring a Property Management Company

  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 …

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