Updated January 2023 The financial aspect of working in the rental industry often becomes overwhelming. For both new landlords and those with experience, tax time is a challenging part of the year. One topic that’s been confusing landlords in recent years is bonus depreciation. Bonus depreciation is a type of tax deduction that has been…Read More
Nearly 15 percent of Florida’s population are renters, and there are thousands of landlords working to keep housing available. Florida is also one of the states with the highest occurrence of natural disasters, meaning landlord insurance in Florida is an essential investment. If you’re a landlord working in Florida without rental property insurance, you could…Read More
When tenants move out, landlords often end up with many things that need to be donated or hauled away, and it can become a real expense to pay for these processes. This leaves many landlords wondering the same thing: Who will pick up furniture donations for free? Donating furniture in good condition that is left…Read More
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…Read More
Updated February 2022 Every year, more landlords rely on tenant screening reports to get the information needed while reviewing and comparing rental applications. Sometimes, however, the data gathered through tenant screening isn’t easy to interpret. As tenant screening coordinators, we get landlords calling into our office all the time, asking us questions about rental judgments…Read More
Updated August 2021 Buying new investment properties offers fantastic opportunities for your rental business, but it’s not always possible to buy vacant properties. Sometimes properties come with rental contracts already in place, and that means it is time for you to learn how to handle inherited tenants. Inheriting tenants doesn’t need to be a difficult…Read More
Updated June 2021 Tenant screening is crucial for landlords, but does that mean it needs to be an expensive part of the business? Whether you have property managers handling tenant screening or do it yourself, you need to know what tenant screening costs your business will incur. Many landlords hear tales of the hours of…Read More
Updated February 2021 Successful landlords have learned how to be effective business managers. Real estate investment is a business. As a landlord, you are responsible for making the necessary decisions that allow your business to be profitable, all while staying within the law. One of the most effective things a landlord can do to run…Read More
Updated February 2021 In an ideal world, landlords would have amazing tenants who would stay for many years in a row and turnovers would happen rarely. However, in the real world, most landlords have to deal with rental unit turnovers all too often. When tenants deliver a non-renewal notice to you, which means they will…Read More
The repairs and improvements you make to your rental properties have a direct impact on the success of your business; will the effect be positive or negative? As a landlord, you know you must make repairs to your properties as necessary, and you might decide to make some improvements as well. What are the best…Read More
