If you own rental units, whether it’s one single family home or a portfolio of apartment complexes, one question you’ll inevitably face: to manage or to outsource. Is it worth the time and effort to manage your rental property? Or is hiring a property management company a better choice? There are distinct advantages to managing… Read more »
Posts Categorized: Rentals
How Do You Get an Apartment with Bad Credit?
Renting an apartment with bad credit is difficult but not impossible. To get an apartment with poor credit, you need to first prove that you can afford the rental and make payments on time. Job stability is a major factor in whether a landlord will consider your application further, so be sure to show that… Read more »
How Should You Determine the Price of Rent?
Figuring out the sweet spot for apartment rental pricing can be challenging, but it doesn’t have to feel impossible. It’s important to find good pricing if you hope to rent out your units. Pricing either too high or two low can result in too few applicants, not enough income, or problematic tenants. Thankfully, there are… Read more »
What is a Leasehold and Should Landlords Consider It?
Most landlords are intimately familiar with lease terms, whether they offer them for six months, one year, or two years – the most common timeframes for a rental lease. However, there’s an extended lease option, known as a leasehold, that may be worth consideration as well. What is a leasehold? In a nutshell, it’s a… Read more »
Renewing Rental Lease Agreements: What You Should Know
Leases and rental agreements are part and parcel of a landlord’s job, which means you’ve got to know their ins and outs. You’ve already managed to get your first batch of leases signed — that’s fantastic. Now the lease term is almost up and it’s time to start thinking about renewals. What do you need… Read more »
Attracting Great Tenants for Your Rental Properties
We write a lot about the risks of potentially bad tenants, but what about all the great tenants? With some finesse and a bit of help, you can attract really fantastic tenants to your rental properties. Tenants who pay on time, don’t break their contracts, upkeep the property, and are generally pleasant people to speak… Read more »
How to Keep Your Best Tenants
As any good landlord knows, the first step in filling your rentals with quality tenants is a well-rounded screening and interview process. We’ve written extensively on both tenant screening and interviewing prospective tenants, so we know you’ve got that in the bag. So what comes next? You have great tenant who pays on time and… Read more »
Secret Answers to Rental Application Questions
There are a lot of skills associated with being a landlord that only come with time and experience. Knowing how to “read between the lines” of a prospective tenant’s responses to rental application questions is one of those skills. After you’ve been in the game for a while, you start to recognize patterns in behaviors… Read more »
What to Expect From Millennials When Renting Your Property
At this point, it’s no secret: millennials are becoming the “Renter Generation.” More and more people born in the 80s and 90s are choosing to rent rather than purchase a home, often because home prices are so astronomically expensive, but also because renting better suits their lifestyle and needs. This means you have a ready… Read more »
Essential Insurance Policy Basics for Landlords
We offer up a lot of landlord tips on our blog, but this subject is perhaps one of the most important for your long term success and financial protection: Property Insurance Policy Basics. As a landlord, it’s your responsibility to ensure your property is protected. If you’re new to property management, you may not realize that… Read more »