Working with tenants requiring or requesting a rental cosigner is not uncommon in most locations. Many landlords say it’s more common than not to work with multiple individuals on a lease and sometimes use a cosigner lease agreement. Do you understand why and when to bring in a cosigner on leases? Cosigners can be a…Read More
To some landlords, it might be hard to understand why you would want to give tenants discounts, free rent coverage, and other rent concessions. What is a monthly rent concession, after all, but less money toward your bottom line? In reality, a rent concession is a discount that builds your long-term profit. Even if rent…Read More
There’s a common misconception that landlords wield more power than tenants when it comes to rentals. While there are state laws that may provide additional rights to one party or another, the truth of the matter is that both landlords and tenants have to abide by specific rules. What a landlord cannot do is clearly…Read More
Managing buildings with multiple units or homes that require regular servicing brings new issues to landlords that you might not be familiar with. Preventative maintenance is essential for the long-term profitability of buildings, but not all landlords know how to manage these tasks effectively. What you need to succeed in this respect is a high-quality…Read More
A big part of finding success in the rental industry is keeping organized. Believe it or not, it’s not always about having the best rentals in the area but about being able to keep your business running smoothly. Time and other investments are quickly lost when you don’t have things in order. Sometimes, you need…Read More
Whether you’re expanding your rental business or deciding which properties should be your focus moving forward, knowing how to calculate the income-producing value of your properties is essential. Landlords often use NOI calculations to help with these complex decisions. Are you familiar with NOI and the value of a good NOI calculator? NOI, also known…Read More
New terms enter the industry every few years, and you may start to feel like you’re falling behind. That’s how many landlords think when they hear discussions about rental arbitrage. What is rental arbitrage, and should you be making use of it? Rental arbitrage is a term that emerged to talk about renting leased spaces…Read More
It’s widely agreed upon in the rental industry that the bottom line of your success often relies on your lease. Ensuring that this document is clear, thorough, and legal further ensures that you can profit while protecting your assets. For commercial landlords, an NNN, or triple net, lease is often considered the best-case scenario depending…Read More
Have you ever found yourself digging through piles of papers trying to find rental paperwork that you swore you kept? Landlord documents can be hard to keep track of, but having your documentation in line is key to being successful in the business. If you can’t find the hard copy of your lease agreement, you…Read More
Updated June 2022 During your time as a landlord, it is inevitable that you will eventually need to terminate a lease you hold with one of your tenants. Whether you plan to renovate the property, do not want to rent on a monthly basis any longer, or the tenant has violated the lease terms, you…Read More
