Remaining successful in the rental industry requires constant improvements to your properties. Tenants expect properties that align with the current state of the market, and they may even be willing to make some of those changes themselves. In commercial spaces, it’s common for tenants to build out properties to fit their needs. Offering reimbursements to…Read More
Ready to hire a property manager? According to an infographic on MySmartMove, 44% own, but do not manage their rental property. You need to ask the right questions to hire the best property manager for your rental portfolio. A property manager has experience in finding the right tenants and managing all those tedious tasks that…Read More
This week we’re focusing on automating the rental screening process with tenant applicants. This will include automated emails to rental requests and calendar synching with appointment reminders. It can be frustrating when you post your rental listing and get replies that seem like they never read it. Why Automate The Screening Process? So it may…Read More
It can be challenging for pet owners to find rental properties that allow their pets. Many are happy to pay extra to live in a nice place with their dogs or cats. Landlords can tap into a massive source of highly qualified applicants if they allow pets on their properties. However, they may find themselves…Read More
If you have a vacant rental property, your goal is to get the best tenant possible for your rental. To get a good tenant, you want to get many people interested and apply. Good photos of your rental property will help you do just that. Have no fear! Good photos don’t mean spending thousands on…Read More
When thinking about your ideal tenant, have you ever considered a traveling nurse? Many landlords focus on leases that range from six months to over one year, but what if you tried your hand at traveling nurse rental property management? Traveling nurses are often on the road and constantly looking for unique housing options that…Read More
You know you’re responsible for meeting certain standards as a landlord, but did you also know that you’re responsible for specific landlord disclosure requirements when renting to a new tenant? Landlord disclosure agreements are an essential part of every lease. Failure to provide these disclosures means you could be sued by a tenant or otherwise…Read More
Knowing how to analyze rental properties is just as important as being able to properly finance your investments. When you uncover the DSCR meaning in rental real estate, you’ll find that you may be able to do both of those things at once. DSCR, also known as debt service coverage ratio, is a financial ratio…Read More
Ensuring your profit margin as a landlord is about more than property management—it’s also about tax management. Taxes play a significant role in the overall finances of your business, and they can even provide big breaks. Understanding your options for accelerated depreciation on real estate is essential so you don’t miss out on this potential…Read More
If you’re working as a landlord or property manager, you’re likely already familiar with landlord-tenant law. Even if you don’t know these laws by that name, they outline the rights and responsibilities of both parties that must be followed during a tenancy. Landlords unfamiliar with applicable laws often find themselves in trouble. Financial and legal…Read More
