Whether you’re renting out one property or many of them, you won’t be a landlord long before learning that dealing with tenants can be tough. From people who don’t pay on time to people who trash your property, there are all kinds of headaches that come with the territory in the property management realm. To […]
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How to Ensure Your Property is Ready for Tenants
Sooner or later it’s bound to happen. Previous tenants move out and you find new tenants who want to move in. However, before they can do so, it’s up to you to make sure that your property is ready for them. Not sure where to start? Here are few simple tips for DIY landlords: Think […]
Continue ReadingSmall Guide for Renting Your first Apartment
Finding your own place to live is like going on an adventure – you never know where you will end up or what can happen on your ‘quest’. It might seem like fun and games all the way: you check out the place and if you like it, it’s yours. Nevertheless, there is more to […]
Continue ReadingProperty Management 101: Tips & Tricks for Success
The average cost of tenant turnover runs between $2,500 to $3,500 depending on the area you live in, according to FRE Real Estate and Property Management. Keeping tenant turnover low and maintaining a quality property is the focus of any property manager. But wading through the endless details of keeping a property running smoothly can […]
Continue ReadingBuilding Wealth Through Smart Real Estate Transactions
Saving your cash through 401(k)s and savings accounts are simple ways to build wealth, but the return isn’t as large as it could be with real estate investment. Owning property in nearly any city will eventually give you a large return during a sales transaction. Building your wealth, similar to the experience of Wes Edens, […]
Continue ReadingTop Amenities Tenants Look for in Outdoor Spaces
Are you looking for a way to give your rental property a competitive edge? Instead of investing in kitchens and baths, which may have already been upgraded, why not address the outdoor living space? A home with a comfortable and inviting outdoor living space will draw the attention of potential tenants who are driving by […]
Continue ReadingTax Tips for Real Estate Agents
You may already claim several typical deductions for your real estate business, but the IRS isn’t going to help you out by suggesting what else you might want to deduct. It’s completely up to you and your accountant to make sure every detail is covered and all your deductible expenses are written off properly on […]
Continue ReadingTen Secrets of Successful Real Estate Investors
Guest post by Terri Engels Since the housing crash of 2008, investing in real estate has made American millionaires lots of money. According to Morgan Stanley about 77 percent of millionaires have invested in some form of real estate, and it continues to top the investment list for the near future. Are you hoping to […]
Continue ReadingLandlords and Tenants Are Responsible for Pest Control
As warmer temperatures begin to surface, pint-sized creatures swiftly seek shelter in cooler climates. And unfortunately, this could result in an infestation of your rental property. While you can eradicate the issue before prospective tenants occupy the premises, pests can resurface if the treatments aren’t recurring. Because of the need for constant protection, many property […]
Continue ReadingWinter Maintenance Means Happy Tenants
In the summer months, the phone lines are silent as tenants are off to the beach, community pool or visiting family and friends while soaking up all the warm weather. And if a problem arises, it may not be a problem for tenants to skip town in search of some outdoor adventures. Unfortunately, winter months […]
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