Wednesday, December 4, 2019

The renter’s pool, at the moment, comprises of three separation generations with very different characteristics. To get a high return on your rental investments, you need to understand the dynamics of these three generations. Here is an elaborate explanation of these dynamics to help you understand your renters better.Generation XFi...

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Tuesday, December 3, 2019

Creating An Agile Property Management Team – Top Ten Tips

Responsive property management teamPutting together an agile team is a concept that is mostly linked with software development, but seeing the profitable approach many industries have been adapting to this thought process? Real estate is no different; adding an active property management team can benefit in the long and short-run both.The...

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Monday, December 2, 2019

How to Spot and Stop Rental Scams?

Among other duties and responsibilities, a rental property manager also must see through the lies and deception, and there are many daily. Tenants deceive and lie a lot, whether it's about their income or their rental application or credit, a landlord must be sunning enough to catch these lies.These may seem like white lies, but there...

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Friday, November 29, 2019

Tips to Retain Tenants for a Long Time

Like every other landlord or property manager, it is your desire to have tenants who continue to live at your rental property for a very long time. Nothing is permanent and every tenant that comes in has to move out one day. But you can avoid frequent and costly tenant turnovers if you are able to retain your tenants for a long time. Here...

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Wednesday, November 27, 2019

What to Do When the Credit Score of the Applicant is Low?

Others envy you for getting passive income month after month, but they don’t realize the risks you are running. From dealing with applicants and collecting rent from tenants, you manage everything with your rental property including repairs and maintenance. Last thing you want is a bad quality tenant and therefore, you use tenant sc...

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Tuesday, November 26, 2019

Tips for Buying Rental Income Property as a Beginner

When you are just starting out as an investor, you have very little idea of how things work in this industry. You are just building your team and it is natural to make mistakes costing you dearly. However, it is a good idea to learn from mistakes committed by others and from the tips given by experts and seasoned investors. These tips hel...

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Monday, November 25, 2019

Communicating Effectively with Tenants

There are some tenants who can prove difficult to handle. They not only pay their rent late and after receiving reminders but also take offense to whatever their landlord has to say or tell them about taking care of the rental property. How do you communicate with these difficult tenants and make sure they have understood your point of vi...

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Friday, November 22, 2019

Adverse impact of climate change on real estate industry

Climate change is a topic of hot discussion all over the world. Rising sea levels, severe flooding, fires in forests, and snow fall in unusual places are bothering governments around the globe. In U.S, the flash floods in the Midwest region this year caused damages to the tune of $1.5 billion. In 2018, the country saw real estate damages ...

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Thursday, November 21, 2019

Everything you wanted to know about Positive Cash Flow from Rental Income Properties

Like business, cash flow is very important for a real estate investor. You need to understand what positive cash flow is and how to calculate it when investing in a rental income property. If the difference between your earnings and expenses is positive, you can breathe easy as your property is enjoying a positive cash flow.Income should ...

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Wednesday, November 20, 2019

Should You Make Your Rental Property Pet Friendly?

Pets have become very common in households around the country and almost every family has a pet or two these days. In such a scenario, it is advisable to have a rethink on your policy of no pets if you are the owner of a multifamily apartment building. With a vast majority of your target group of renters being pet owners, you are hurting ...

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