Once you sign a lease with your tenants, how they decide to split the rent between them is out of your hands. However, it’s good practice as a landlord to be aware of the tools tenants may use and what troubles they might encounter. One tool worth knowing more about is a rent split calculator….
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In this week’s episode, Podcast Host, Andrew Schultz, chats about using a realtor to find and screen your potential tenants. We’ll also go over a recent story about squatters that moved into a family’s newly purchased home. Let’s just say the family was surprised to find people living there after just buying the property on…
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When landlords request proof of income, it can feel like an invasion of privacy, but that’s not accurate. Proof of income can help you ensure that your business will be secure and that the rental applicant will be a good fit. Without verifying a prospective tenant’s income, there’s no way to be sure either of…
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In this week’s episode, Podcast Host, Andrew Schultz, discusses how long to give tenants to vacate a rental property that you are selling. We’ll also go over what to request prior to purchasing an income property. For example, current leases, payment history of tenants and more. Last, but not least, should landlords photograph a fully-furnished…
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One of the most underutilized management tools that landlords often forget about is the rental ledger. A rental ledger is a simple way to get immediate insight into your rental portfolio, your finances, and how profitable your business is at any given moment. Do you have a tool that allows you to find discrepancies quickly…
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In this week’s episode, Podcast Host, Andrew Schultz, discusses messy tenants and the negative impact that they can have on your property. What’s better for profitability, a condo or a single-family rental? If conditions were nearly exactly the same, which would you choose and why? We’ll discuss our answer. Last, but not least, find out…
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In this week’s episode, Podcast Host, Andrew Schultz, discusses the importance of emergency funds for rental properties, how much to save, where to save and more. Sometimes, tenants just don’t get along. As a landlord, it’s crucial to know how to deal with fighting tenants. Last, but not least, we’ll go over our top tips…
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Updated March 2022 These days, it’s not uncommon to see signs about posting on social media when visiting public places. At the gym, for example, you may see a sign that says something like, “If you do not check in on Facebook, were you ever really here?” Does this type of social media presence extend…
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In this week’s episode, Podcast Host, Andrew Schultz, discusses the topic of rental property scams. What do you do if someone swipes your property photos to create a fake listing? Find out. Sometimes during the application process, you’ll come across applicants applying from out of state. If you’re accepting an out-of-state applicant, it’s important to…
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Updated February 2022 When assessing the risks to your rental property, have you ever considered the risk of meth labs? Landlords know meth labs are dangerous, but that doesn’t mean they necessarily know how directly those labs could affect their business. Landlords everywhere need to understand the importance of educating themselves on meth labs and…
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