When the tenant’s lease is coming to an end, you have a decision to make. If your current tenant wants to stay longer you can choose between renewing their lease or finding another tenant. Renewing a lease means that, at the end of the lease term, you and your tenant decide to renew the contract…. [Continue Reading]
Should You Allow Pets in Your Rental Property?
One of the many important decisions you will make as a landlord is whether pets will be allowed in your rental property. Did you know that 68% of U.S. households have a pet? Allowing pets in your property is your opportunity to have more applicants interested. Most pet owners consider their pets like family. If… [Continue Reading]
Vacancies
A vacancy is the number one cause of money loss. Property owners lose thousands of dollars because of prolonged vacancy periods. It is typically the highest expense for a rental property and you need to avoid them as much as possible. A vacancy can happen for several reasons: A tenant might decide to move because… [Continue Reading]
Self-Manage Your Investment Property
Many property owners don’t want to hire a property management company to save a few dollars, but self-management comes with its own set of challenges. Property management requires a lot of time and energy. In order to decide what option is the best, you must be aware of and understand the duties you will be… [Continue Reading]
Landlord Insurance
Whether you own one rental property or 200, you want to make sure you and your investments are properly protected. Global warming increases natural disasters. They are becoming more common, 2018 was the fourth-costliest year for natural disasters in history, according to MunichRe. They cost $160 billion, of which only half was insured. As a… [Continue Reading]
Lease Signing
The lease signing is your real introduction to the tenant. This is your opportunity to set up the standards and outline what your expectations are during the time they live in your property. The lease is a legally binding contract. It is a formal contract between the tenant and the property owner, or a representative… [Continue Reading]