Updated August 2022 When you are renting out a property, your tenant legally has a right to be in control of the property during their lease period. While this enables you to collect rent when things are going smoothly, it can also cause problems when your property situation changes. If you need to get rid…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
Updated July 22, 2022 Security systems have grown in popularity over the past few years. In fact, according to the 2022 State of Safety report, 62% of Americans use at least one type of security system to protect their homes. With security cameras becoming more affordable for consumers and available everywhere, the low-cost investment compared…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
Most people think of shady landlord tactics whenever they hear the phrase “rental scams.” However, there are many different tenant scams that individuals try to use on landlords in order to live in a property for free, steal money, or otherwise take advantage of a landlord’s business. What do you know about rental scams targeting…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
