As new and more modern rental options enter the market every day, your property’s signs of depreciation and functional obsolescence. If these issues go on unchecked, renters may consider newer options in the neighborhood, leading to vacancies. So, how does one stay competitive? Are there any improvements or renovations that can be implemented to keep […]
In every field of practice—be it medical, IT or real estate marketing—there are specific terms that are commonly used in your industry. It’s easy to get lost as a new real estate investor when you’re unfamiliar with these words. By studying these words and their definitions, you’ll be able to hold conversations among real estate […]
A month-to-month lease is a lease that automatically renews each month until the tenant gives their landlord a 30-day notice. This kind of lease provides more flexibility for both the landlord and the tenant. For example, if a tenant is only interested in a short stay or the landlord is planning on selling the property […]
Vacancies are costly. To reduce them, you’ll need to up your game when it comes to marketing your rental property. An effective marketing strategy is one that reduces vacancies, attracts high-quality tenants, and ensures you make a high return on your investment. Even if you have the best rental property in Austin, how will you […]
One of the best ways to earn passive income is by investing in a rental property. If successful in finding a tenant, you’ll guarantee yourself a passive source of recurring income. Raising rent is inevitable in any landlord’s career. At some point, you’ll realize that you need to charge more in order for your investment […]
As a strategic vehicle for marketing, a good property listing can fan interest from potential tenants. It pays to know how to construct one that will elicit curiosity. To be effective at advertising, you need to create detailed and appealing property listings. The good news is, it’s not as intimidating as you think. By following […]
While rental properties can generate earnings for an investor, damages can diminish your income. As a landlord, you want to minimize the damages, especially ones that tenants can cause. On a positive note, there are a variety of things you can do to reduce your worries in this area. Property damage is to be expected […]
The rental industry is competitive. You might find several properties similar to yours in your neighborhood. Though your properties might be in the same area, you want to make sure to set your rental apart from the others! Marketing and crafting the best property listings can only go so far. What you need to do […]
The ultimate goal of rent regulation laws is to help keep housing costs affordable. There are, broadly speaking, four main elements that make up a rent regulation system. These are eviction controls, price controls, landlord-tenant responsibilities, and the oversight aspect. In the U.S., most states and cities have landlord-tenant laws and some form of a […]
When you own a rental property (or several), one of your main goals as a landlord is to keep costs as low as possible. Doing this allows you to be more profitable without increasing the rent for your tenants. That’s why many landlords wait as long as they can about replacing the stove, the carpets, […]
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