The dream of every landlord is to have all rental properties occupied. And when satisfied tenants fill those units, that’s icing on the cake. So what reduces turnover and keeps renters happy? A positive tenant experience. Landlords and property managers often seek tips on tenant retention in an effort to reduce the costs associated with …
Category: Landlord Education
Optimizing the Tenant Experience
Strategies for Making a Successful Offer
Gone are the days when multiple properties popped up for sale on a weekly, if not daily, basis. Buyers had time to peruse listings, do a leisurely drive-by or two, and work their way toward an offer. But today’s housing market moves much too fast for that laidback approach. Now, properties often move from listing …
What You Need to Know About Virtual Real Estate Investing
The old-school ways of acquiring property, via property tours, open houses, and in-person negotiations still reign in the real estate industry. But technology is making waves across these tried-and-true methods. The virtual world has made significant inroads, challenging these traditional methods. And among many investors, there’s a growing interest in virtual real estate investing. So …
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Buying a Tenant-Occupied Property
Pros and cons begin to stream through a real estate investor’s mind when considering buying a tenant-occupied property. Two of the most common are: PRO: Collect rent from day one CON: Stuck with the current tenants Let’s look at the PRO first. Imagine the time and stress you will not have to expend on locating …
4 Tips for Handling Tenant Complaints
One unavoidable element of being a landlord is tenant complaints. They come in all sizes, shapes, and severities. Even the most conscientious, attentive landlords will be called on to handle grievances ranging from mild annoyances to significant concerns. The key is to be prepared to manage and resolve the inevitable complaints, disputes, and divisions that …
The Low Down on Build-to-Rent
Thanks to the pandemic, the 2021 housing market saw a huge rise in single-family rental construction as families sought to transition away from apartment living in favor of the single-family home. Unable to leap into the homebuying market yet longing for both privacy and space, many families chose the appeal of built-to-rent (BFR) homes. The …
The Do’s of a Rent Increase
Rent increases are a part of life for rental property owners and their tenants. While it will never be considered a favorite part of the landlord/tenant relationship, attention to the following do’s can make the process less painful for all involved. The key is to consider several factors before getting to the “rent increase letter.” …
Mold Prevention Tips for Landlords
Mold is difficult to detect, expensive to remove, and is responsible for a myriad of health issues. The silent cause of damage to structures and a host of symptoms and health concerns. Landlords are compelled to offer dwellings free of health hazards, including the presence of mold. If left unchecked, the harm mold inflicts …
The Pros and Cons of Renting to College Students
Many a rental property owner comes face to face with the question: Should I rent to college students? For some, the very thought conjures images of loud, late-night parties and disorderly conduct. Others might offer property destruction and late rent payments as cause for steering clear of student tenants. Even though these commonly held notions …
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Tips for Determining How Much Rent to Charge
Both first-time and experienced landlords face the dilemma of establishing rental prices for their property. Set the rent too high, and units will sit empty, earning nothing while still accumulating expenses via utilities, taxes, insurance, etc. Charge too little in rent, and red ink will dominate your profit and loss statement again. The prospect of …
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