Updated April 2021 In any business, hiring and managing employees can be a difficult and challenging process. It can also become a legal and bookkeeping nightmare and cost a lot in terms of bureaucracy and record-keeping. As an alternative, hiring independent contractors in the rental industry is common practice. Landlords bring these individuals on as…Read More
Updated February 2021 When tenants move out of your property, the property is not going to look exactly as it did when they first moved in. When considering both damage and wear and tear, the security deposit returns to the tenant may be affected. Why is that? The law allows landlords to deduct portions of…Read More
Updated November 2020 New landlords don’t often prepare for this occurrence, but sometimes, tenants will ask to lower the rent. It happens more often than you think — the lease expires in the next month or two and an excellent tenant leaves you a message about possibly renewing. However, they want to negotiate a lower…Read More
Download Your Editable COVID-19 Tenant Letter (Free) Dear residents, Due to the ongoing COVID-19 pandemic, management felt that it would be appropriate to give you some guidance as well as outline what precautions we are taking to reduce the risk for our tenants. At this time, we are taking the following steps: The cleaning schedule…Read More
As full-time landlords gain momentum, they often realize they could use a few extra hands to keep things organized. Some part-time landlords that have other work to focus on come to the same realization when they cannot put as much time as they would like into certain aspects of their landlord job. Are you finding…Read More
Welcome to the world of property management. Perhaps you’ve already been acting as a landlord to one property for a few months or years now, and you’re ready to expand. Maybe you haven’t actually bought any property yet, but you’ve been itching to be able to call yourself a landlord. Regardless of how you ended…Read More
As the world changes, the tactics that you use in your business need to change, too. Every year there are new rules, technologies, and trends to follow if you want to find success in the rental market industry. While some old techniques will prove to be tried-and-true, analyzing your business for potential improvements is always…Read More
Once you get into the habit of doing things a certain way, its easiest to just keep doing that same thing. We’re all creatures of habit, and the same can often be said about landlords working in the rental industry. Landlords might not even realize when to change property managers because the work they are…Read More
If you’re a landlord that rents out a single-family home, a large apartment building, or even business space, you’ve likely wondered if your rental property is considered a business come tax time. It’s important to know that there are two classifications when it comes to rental property and taxes. You need to know this information…Read More
I’ve spent enough time in the real estate industry to know what it’s like working as a landlord and a property manager. You have a million tasks on your list everyday and the work can be quite overwhelming. You have to keep up with collecting rent for every tenant, keeping tabs on who owes a…Read More
