When you purchase a property to use as a rental, chances are that it won’t always be in the best condition. It may not be ready for immediate rental, and might require some updates before it’s able to be put up for rent. As long as the building is structurally sound, there are some minor improvements that can be...
Once you decide to invest in real estate, there are a couple options to consider when looking at potential properties. You have to decide if you want to sell the property or if you want to rent it out. If you decide to rent out a property and become a landlord, you need to think about how you are...
 When to allow a tenant to break their lease When you decide to invest in real estate and choose a property to rent out, there are many things to consider as a landlord. One important factor is your lease. Deciding what to include, the length of the lease, and making sure that you abide by federal and state laws are...
Everyone has heard the saying, time is money. You’re not exactly cash strapped, but you are time strapped. So how do you increase your investment in real estate when you’re short on time? When you’re investing in real estate, time really is money. You are always up against the clock. The day you close on an investment property until the...
When it comes to buy-and-hold real estate, some expenses are obvious: mortgage payments, routine maintenance, occasionally replacing fixtures or appliances, and paying your property manager. Other expenses may be forgotten until after you’ve blown your budget. Here are some common expenses of buy-and-hold rental properties to keep in mind so that they don’t sneak up on you! City/HOA Fines If you...
Getting paid (and paid on time) is the cornerstone of your success as a landlord. Have you ever considered giving your renters a choice of a couple of different ways to pay? Or are you unhappy with your current method and want to try something different? Here are some ways that might make rent payment easier for both you...
Think about the last time you were a tenant.  You were probably renting either an apartment, a condo or a home.  What do you remember about your landlord?  Are there things you wish they did?  Or are there things you wish they didn’t do?  Renting is not easy.  In most cases, it’s a temporary form of housing.  But it’s...
Raising the rent: it’s something that tenants don’t appreciate, but you have to do it nonetheless. If you go about it the wrong way, you can erode your relationship with your tenants or even cause them to move out. But if you do it right, then everyone can go about their business. How do you convince your tenants that you’re...
Bad tenants happen. Sometimes they’re noisy. Sometimes they’re destructive to the property. Sometimes they pay late every month. And other times they’re disrespectful or hard to get along with, warranting complaints from neighbors. Bad tenants are bad for business, and it’s in your best interest to fill that unit with a good tenant instead. Thankfully you don’t have to deal...
Planning to have tenants? Well, if so, you should know that screening tenants is an important topic for rental property owners to be familiar with. It is critical to select the best quality tenant if you want to have a long-term success. Moreover, as the property owner, developing a good screening process reduces the chance you will face future issues...