Rental Property Spring Cleaning Checklist

Whether you have a vacation rental property and are gearing up for your first guests of the year or you’re cleaning between tenants, spring is the best time to get your rental property in tip-top shape. 

Whip out those dustpans and break out that vacuum cleaner. You don’t want to miss these steps for your rental property spring cleaning checklist!  (more…)

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What Are Rent Concessions and When Should You Offer Them?

As landlords and building owners, the last thing on your mind is the idea of a rent concession. But when used properly, rent concessions can significantly improve your chances of attracting and keeping tenants, making the concept more appealing. 

What are rent concessions? When should you offer them? Read on to find out.  (more…)

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What You Should Know About Section 8 Property Management

Section 8 housing is a program set up by the federal government to help impoverished renters afford homes. A landlord can rent properties at market rates, and the government will then pay a subsidy to qualified tenants to help bridge the gap between what the tenant can afford and the cost of the rent.

There are legal stipulations, benefits, and potential pitfalls of renting to Section 8 tenants, and landlords should familiarize themselves to make the best decisions for their rental properties. (more…)

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The Best and Absolute Worst Methods for Collecting Rent

The foundation of any landlord’s rental property investment is rent, which means collecting rent is important. Unfortunately, collecting rent can be a nightmare for many landlords.

There are many ways a landlord can collect rent, but not all of them are ideal. Unfortunately, some are downright risky.

  • The Good

The best way to collect rent is via an automated online rent collection system through a property management company. There’s no simpler or more convenient option for both landlords and tenants.  (more…)

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What Are the Benefits of Using a Property Management Company?

As a property owner, there are several things involved in managing your property to keep it profitable. If you try to do this on your own, you can end up spending more time than you expected on the daily management of your rental units. 

You will enjoy greater peace of mind and many more benefits when you hire a property management firm to help you. 

Get Better Tenants

A property management company will have the infrastructure in place to vet applicants for any vacant unit you have available.  (more…)

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5 Reasons Why Landlords Need Expert Maintenance Services

While owning a rental property can be a great investment, it doesn’t come without its share of responsibility. Hiring a professional maintenance service can help you keep up with the repairs and updates your property needs. Some of the benefits include:

1. Repairs Are Done Quickly

While you may not have the time yourself, professional maintenance services provide consistent and timely work. Since repairing clients’ properties is their sole concern, they will do the work quickly and efficiently. Your tenants won’t be left waiting for important repairs when you’re unavailable. (more…)

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Tenant-Approved Upgrades That Add to Your Rental Return

As a property owner, building care and upkeep can eat into your profits. But, don’t worry, as there are simple, cost-effective methods to keep your property looking its best, while also increasing your rental revenue. Let’s look at the top upgrades that your tenants, and your wallet, will love:

A Fresh Coat of Paint

You might be surprised to learn that painting provides the greatest return on investment of any rental property improvement. Buying paint in bulk may even help you get a better price for this common upgrade! Just make sure to include any stipulations in your lease that pertain to painting the rental property. (more…)

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The Advantages of Renting Over Buying

Around two-thirds of Americans prefer to be homeowners rather than renters. Although most people consider renting to be a stepping stone to purchasing a house, there are a number of advantages to renting that make it a far better option than buying!

Lower Monthly Expenses 

Renting is frequently less expensive than buying a property on a monthly basis. Rentals are often less costly in the end when you total up your mortgage, property taxes, and insurance, particularly in comparison to a low-down-payment mortgage with private mortgage insurance.  (more…)

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Why You Should Rent Through a Property Management Company

Renting through a property management company is a great idea for many reasons. There are similarities and differences between landlords and property management companies, so it can be helpful to know why so many people prefer renting through a neutral, third-party property management service.

These companies often take care of a range of duties for rental properties. The benefits for tenants include:

A Single Point of Contact

The biggest advantage of renting from a property management company is having a single point of contact for any questions or concerns you might have, from pet deposits to maintenance and repair needs.  (more…)

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How to Get Your Property Rent-Ready

There is a lot to do any time you need to get your property rent-ready, from cleaning to repairing to marketing and showing. Property management can be a hefty task, but it doesn’t have to be! 

Here are a few of many things you can do to prepare your property for renters:

Freshen Up the Curb Appeal

The first area you need to focus on is the exterior. In other words, work on your property’s curb appeal. Liven up the landscaping, remove debris or trash, repaint if necessary, and tidy up the space. (more…)

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