As a landlord or property manager, you’re likely familiar with the constant challenge of maintenance and repairs. While major repairs should undoubtedly fall under your responsibility, the decision to allow tenants to handle minor repairs can be a bit more complex. There are both advantages and disadvantages to letting renters handle minor repairs, and it’s […]
Marketing your rental property is crucial for attracting potential tenants, maximizing occupancy, and getting the best rental price. However, many landlords often make common mistakes that can make their marketing efforts less effective. By being aware of these pitfalls and taking proactive steps to avoid them, you can enhance your property marketing strategy and achieve […]
Most tenants expect that their rent will increase when renting. Annual increases help property owners cover rising expenses, such as property taxes and utilities, not to mention maintenance costs. However, when considering a rent increase, it’s imperative to do it properly. Not only do states and jurisdictions have laws around rent increases, but you don’t […]
Having strong relationships with tenants is an important part of being a landlord. After all, your tenants are your livelihood. You want to ensure your tenants feel welcome, taken care of, and content in your property. Happy tenants are also more likely to renew their lease when the time comes, saving you the time and […]
The lease is a crucial component of your income property. As a legally binding contract, the lease doesn’t just detail how much rent your tenants will pay and when it’s due. It essentially outlines the terms of your relationships with your tenants. As such, it should include the responsibilities of each party, the length of […]
Deciding whether or not to furnish your income property is a big decision. There are pros and cons to each choice, and it’s really about knowing who your ideal tenant is. Considering your location, unit size, and the rent value can help you decide if furnishing your unit will be beneficial or a waste of […]
