Collectively battling the COVID-19 virus these past two years has impacted the landlord/tenant relationship in multiple ways, one central area being communication dynamics. As is true for many of our relationships, maintaining a healthy connection has required continual shifting of strategies to accommodate an ever-changing environment. If that sounds like a lot of work, that’s …
Category: Landlord Education
Best Bets for Communicating with Tenants
Smart Technology for Landlords and Tenants
The convenience and possibilities offered by smart technology appeal to tenants and landlords alike. When used for tracking maintenance issues, providing ease of access, and the many security applications, landlords love the possibilities of smart technology. In addition, tenants in the Millennial and Gen Z categories can’t get enough of the newest, techiest gadgets, and …
Continue reading “Smart Technology for Landlords and Tenants”
Common Objections to Paying Rent Online and How to Manage Them
Online rent payments save time and money. For landlords, online money transfers provide a faster, streamlined, and more secure process for receiving rent payments. Many renters love online options for paying their rent. They view it as hassle-free—no checks, stamps, envelopes, or getting it to the post office. But not all renters have bought into …
Continue reading “Common Objections to Paying Rent Online and How to Manage Them”
Amenities Are Where It’s At
We check out the amenities even when seeking a hotel room for a one-night stay. Perusing for those must-haves that will assure us of a great stay. Free full breakfast. Pool. Free Parking. Onsite restaurant. Free wifi. If amenities are that important for a brief stay, imagine their impact in a residential setting? While we …
Time-Saving Tips
Time. Everyone has the same amount of time in a day, a week, a month, a year. But not all of us use our time as efficiently as we could and when it comes to landlords and property management, every minute counts. First, let’s talk about the simple strategies that will put minutes back into …
4 Overlooked Tax Deductions for Landlords
Are you paying more taxes on your rental income than you should? Well, that depends on if you’re taking advantage of all the deductions allowed on real estate investment income. Most rental property owners are familiar with the primary deductions that landlords can claim to lessen the amount of income tax paid on their profits. …
Continue reading “4 Overlooked Tax Deductions for Landlords”
4 Tips for Showing Appreciation to Tenants
4 Tips for Showing Appreciation to Tenants Who doesn’t love a word of appreciation? A nod of recognition. A simple thank you. It feels good to be appreciated by the people in our life. And that includes the landlord. Simple gestures that demonstrate appreciation can significantly impact the development of trusting, long-term, mutually satisfying relationships …
Continue reading “4 Tips for Showing Appreciation to Tenants”
Are Home Warranties Worth the Cost?
Most landlords purchase insurance to protect against property damage caused by weather, water, fire, and theft. Should landlords also purchase a home warranty policy? Home warranties typically cover service visits and repairs for electrical, plumbing, and HVAC, and may cover major laundry and kitchen appliances as well. The items covered, service fees, and exclusions vary quite a bit …
Should You Rent to a Friend?
It’s the million-dollar question every landlord will face at some point. A friend, an extended family member, or someone who better fits the label of acquaintance will approach you about renting one of your properties. Other friends and family, colleagues, the mail carrier, and the grocery cashier will be quick to weigh in with their …
5 Tips for Marketing Your Rental Property to Gen Z
Generation Z. The young men and women born between 1997 and 2012, the successors to the Millennial generation. Those recent grads or the guys and gals approaching graduation, ready to venture out on their own into the wonderful world of securing housing. For many in this demographic, that means finding an apartment, townhouse, or single-family home to rent –as few are in the position to buy …
Continue reading “5 Tips for Marketing Your Rental Property to Gen Z”
