July is in full swing, and that means fun-in-the-sun season. Your tenants are flocking outside to enjoy the weather, cook up tasty meals in the backyard, and relax with family and friends around the pool. But all this summertime fun can lead to an increase in personal injuries. Tenants rightfully expect that their safety will …
Category: Landlord Education
Summertime Safety and Your Tenants
Book Review: Investing in Rental Properties for Beginners by Lisa Phillips
As the title points out, this book is written for beginners. According to Lisa Phillips herself, her target audience is “regular, average people who want to know how they can find financial security through real estate investing.” Phillips also says this book “is for people who are interested in making money in a way that gives back.” Having …
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Going Green as a Rental Property Owner
Of course, the environment is on your radar. You want to be eco-friendly, and you believe in sustainable living, but how does that apply to your rental properties? Here are some tips to be eco-responsible without wiping out your income. Energy Efficiency: Of course, this will have more of an impact if you pay the utilities, but there are advantages even if …
Should Landlords create an LLC for Their Properties?
The big question – should I create an LLC (Limited Liability Company) for my rental investments? An LLC (Limited Liability Company) is a business that combines various components of a sole proprietorship, partnership, and corporation. It is typically a less complicated business entity than a corporation. It is also relatively inexpensive to create and provides …
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Which Locations Make the Best Rental Investments?
Congratulations! You have decided to invest in a rental property. So, where do you go from there? How do you know which location is best? Let’s talk. There isn’t a magic formula. Neither is the answer the same for every investor. On the other hand, there are key issues to consider. Here are six essentials. Does the neighborhood primarily consist …
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Investing in Out-of-State Rental Properties: Yay or Nay?
Did you know that owning out-of-state rental property is gaining in popularity among savvy investors? While it‘s more convenient to own real estate close to where you reside, investing in property located in various hotspots can increase investment profitability. Tom Schneider shares four key reasons for purchasing an out-of-state rental property. To invest in geographic areas where population and job growth are robust. To diversify a rental property portfolio with markets that best …
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Preparing Your Investment Property for Rent – Inside and Out
Inside Pack your “inspection kit.” Include a small tub of spackling, putty knife, marker and labels, small, lightweight electrical item, notepad, and pen. Go through and clean the rental – this is a fast clean to make repairs and maintenance easier. We’ll discuss a final professional cleaning later. Complete a thorough examination –starting at the front door and …
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In the Southwest, Summer is Spelled HOT! Prepare Now
Summer is coming soon, and the heat is rising in the Southwest. Preparing now will save you much landlord stress later. Of course, high on the list is ensuring your AC is ready to beat the heat waves. Have your ductwork professionally cleaned. It not only improves airflow, which cuts down on utility costs, but …
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Book Review: Building Wealth One House at a Time by John W. Schaub
One of the essential principles to successful real estate investment is learning about it before jumping on board. You don’t dive into a pool without knowing the water depth. Neither should you dive into the rental property market without seeking expert advice. There are, of course, multiple sources, but one that we highly recommend is the book Building Wealth One House at …
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Engaging and Retaining Great Tenants
When someone owns a business, they typically say their customers are their boss, and 5-star customer service is the key to company growth. The same principle applies when you are a landlord. The best way to engage and then retain great tenants, thereby keeping your investment producing cash flow, is to deliver top-notch customer service to your tenants. In …
