You’ve undergone a thorough screening process, selected a tenant, signed a lease, and prepped the unit for the new renter to move in. The last thing you want to hear is that your new tenant doesn’t want the unit after all. But occasionally, a renter breaks the lease before taking possession of the unit. How …
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Are you considering acquiring a new rental property in 2025? As many Americans move to the suburbs, landlords are considering purchasing a single-family rental property in the suburbs. Like any investment, a suburban rental property’s success will depend on several factors. The following pros and cons can help you determine whether owning a rental property …
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As a landlord, tenants trust you to keep their home safe and well-maintained. But they’re also trusting you with their personal information. Rental applicants are typically required to share private data like their date of birth, phone number, previous addresses, employment status, and social security number. Once tenants sign a rental agreement, they may need …
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As we flip the calendar to 2025, it’s a time to reflect on the prior year and look ahead to what’s coming next. A new year offers a fresh start that inspires many people to make resolutions about what they’ll do differently in the year ahead. These resolutions stereotypically involve personal goals, such as education …
Whether you’re a new or seasoned landlord, some aspects of the job remain the same. For example, one of your primary concerns will always be gaining and retaining quality tenants. If you rent a single-family home, you’re already appealing to the stable, family-minded market you want, but the competition is still out there! How do …
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The Corporate Transparency Act (CTA) is a recent step toward enhancing transparency in the business sector, aiming to combat illicit activities such as money laundering, tax evasion, and financial fraud. Enacted as part of the National Defense Authorization Act (NDAA) in January 2021, the CTA imposes new reporting requirements on certain U.S. businesses, with the …
If managing a large housing complex sounds overwhelming, start small with your property ownership journey by purchasing a single-family home. Once you master owning and managing a single rental property, adding a second property will be a breeze! Many seasoned housing owners have started with one single-family home before they graduated to owning multiple rental …
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Every landlord knows that repairs and maintenance are a part of everyday life for a property owner. Plus, staying competitive requires periodic improvements and renovations. But amidst the melee of all those changes, renters may request other changes to their rental units. They may ask you to install a deadbolt out of the toddler’s reach …
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A new year is just around the corner. And in 2025, some of your renters’ leases will expire. Will they all renew, or will some move on to greener pastures? Since vacancies come with inconveniences and income loss, tenant retention becomes a priority. So, how do you get people to choose your property instead of …
With new housing complexes increasing constantly, keeping your rental property competitive is crucial. To keep ahead of inflation and rising living costs, you’ll have to raise the rent sometimes. However, renters may be unwilling to pay if you don’t increase your property value. How can you increase the value of your units without breaking the …
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