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What Is Rental Arbitrage? What Landlords Need to Know

Rental Arbitrage: Ultimate Guide For Landlords & Tenants

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. Rental arbitrage is a term that emerged to talk about renting leased spaces on short-term stay sites like Airbnb and VRBO. Many landlords who have…Read More

How to Deal with Apartment Parking Problems

6 Apartment Parking Types You Should Know

Apartment parking plays a significant role in the comfort, safety, and satisfaction of residents, as well as the overall attractiveness and compliance of the property. It’s an essential amenity that contributes to the quality of life in apartment communities. Sure, parking depends on factors such as location, size of the complex, and amenities offered. Whether…Read More

Clauses Protect Landlords

Top 10 Lease Agreement Clauses To Protect Landlords

Embarking on the landlord journey can be exhilarating, but the lease agreement—your legal safety net—can become a source of headaches if not wielded wisely. Ideally, the lease protects your rental property and your investment, along with the rights of the tenant to use that property. Getting the lease agreement right is important because if issues…Read More

Landlord Responsibilities: A Complete Guide

Landlord Responsibilities: A Complete Guide [2024 Edition]

It’s true, a landlord’s responsibilities often require the property owner to wear many different hats. In this guide, we will assess all the landlord responsibilities you should be aware of before investing in self-managed rental properties. By understanding your basic obligations it will allow you to avoid unnecessary issues with tenants and the governing bodies….Read More

tenant vs occupant

Understanding Tenant vs. Occupant Roles: Key Strategies for Effective Landlord Management

Landlords must distinguish between tenants, who sign leases and bear financial responsibilities, and occupants, who reside without these obligations. This understanding is crucial for effective property management and avoiding legal complications. Key Takeaways: Tenants are lease signatories with financial obligations and rights, while occupants reside in the leased space without these responsibilities. Tenants handle rent…Read More

Tax consequences of transferring property to LLC

What Are The Tax Consequences Of Transferring A Property To An LLC?

As landlords expand their rental property portfolios, many opt to transfer property to a Limited Liability Company (LLC), creating a clear distinction between personal and rental income. If you choose to go this route, moving to a single-member LLC won’t impact your overall tax liability, as you’ll still file through your personal tax return. However,…Read More

how rental income is taxed

How Rental Income Is Taxed: Landlord’s Guide

Updated February 2024 Navigating the complexities of reporting rental income and claiming deductions can be overwhelming. But you’ve come to the right place. Our comprehensive guide is crafted to empower landlords like you with essential insights and help unlock the full potential of your rental income, a significant part of your taxable earnings. Accurate record-keeping…Read More

write rental reference letter

How To Write A Rental Reference Letter

As a landlord, you may receive a request from a tenant to provide a rental reference letter to help them secure a new rental property. Writing a landlord reference letter or tenant reference letter is a quick and easy process. Still, it’s important to know what to include to provide the necessary information on prospective…Read More

Disadvantage of LLC for Rental Property

What Are The Disadvantages Of An LLC For Rental Property?

As landlords grow their rental businesses, many choose to set up LLCs to create a divide between business and personal matters and shield personal assets from potential business liabilities. While this strategy boasts numerous advantages, it comes with its own set of drawbacks. This article will focus on the disadvantages of using an LLC to…Read More

Rent Manager Software

7 Best Rent Manager Software Packages For Landlords

In today’s dynamic real estate landscape, gone are the days of juggling rental properties through Excel sheets and email contacts alone. The industry has evolved, demanding more efficiency and responsiveness from landlords. Whether you’re managing a handful of residential properties or a substantial portfolio of commercial units, embracing modern solutions is not just a choice;…Read More