One of the most visible and utilized aspects of your rental property lies right at your feet—the flooring! Attractive, high-quality flooring will appeal to tenants and require less frequent maintenance and replacement. But flooring is a significant investment, and the expense must be balanced against other factors such as the risk of damage, how long …
Continue reading “How to Choose the Best Flooring for Your Rental Property”
Markets and prices can’t help but be volatile when they depend on so many fluctuating factors, and the rental market is no exception. Trends can be influenced by any combination of price point, location, season, interest rates, and more. But in recent months, rental markets nationwide have experienced a shift toward lower prices and more …
No matter how much experience you have as a landlord or how thoroughly you screen potential tenants, conflicts are bound to arise occasionally. Offering your tenants respect, open communication, and clear expectations will go a long way toward resolving minor issues and keeping your landlord-tenant relationships amicable. In addition, here are tips that can help …
Continue reading “Top Tips for Preventing Landlord-Tenant Disputes”
If your property includes a heating, ventilation, and air conditioning (HVAC) unit that’s been in place for a while, be aware that a problem with the equipment may become more complex than a simple repair. Many older appliances contain a refrigerant called R22 that is being phased out, triggering supply shortages and increased hassle and …
Continue reading “How Will the R22 Phase Out Affect my Rental Property?”
As a landlord, it’s essential to be in the know about the many rules and regulations that impact the rental property business. And one of those need-to-know situations involves emotional support and service animals. While most people are familiar with service dogs, they are less knowledgeable about emotional-support animals. A common misconception meshes the two …
Continue reading “Managing Tenant Scenarios with Emotional Support and Service Animals”
What could be better than on-time rent payments made simple for both sides of the property rental equation? Every landlord’s dream, right? It can be downright appealing to tenants, as well. That’s why offering and encouraging the option of automatic monthly rent payments can make everyone’s life simpler. And in today’s chaotic world, any dose …
Continue reading “5 Strategies for Encouraging Tenants to Set Up Automatic Payments”
Renters come in all varieties. Those who keep a pristine home and those who struggle with too little time to devote to housework. The sentimental collector and those who prefer the lived-in look. The packrat and those whose disorganized, chaotic clutter may reach the point of causing a hazard to themselves or others. Wise landlords …
Continue reading “Clutter vs. Hoarding: How Much Junk is Too Much?”
The U.S. economy has been fluctuating, with inflation reaching its highest rate since the 1980s. The continuing Covid-19 pandemic has put further pressure on the economy as well. The real estate industry has also faced rising loan costs, which impact investment strategies and rental prices. Thus far in 2022, the Federal Reserve has raised the …
Continue reading “Rising Interest Rates: What Does This Mean for Landlords?”
Our review on a worthwhile read for real estate investors –particularly beginners. Written by Amanda Han and Matthew MacFarland, CPAs and real estate investors, The Book on Tax Strategies for the Savvy Real Estate Investor shares valuable advice and insight on the tax angle of real estate investing. Written in an engaging, lets-have-coffee style, Han …
Continue reading “The Book on Tax Strategies for the Savvy Real Estate Investor”
Ah, the wonderful world of owning rental property. While it can indeed be a money-making venture that can build wealth over time, it’s an endeavor that should not be entered into lightly. There’s no place in the world of land lording for a ho-hum, whatever-whatever attitude or approach. And the folks who jump headlong into …
