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 …

Continue reading “Top 5 Ways to Retain Tenants in 2025”

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 …

Continue reading “Top Ways to Increase the Value of Your Rental Property”

Rental activity and trends for the Las Vegas Metro area as reported by Zillow Research – September 2024 Typical Rent:  $1,794  (2.8% increase year over year) Single Family: $2,231 (3.9% increase year over year) Multifamily: $1,534 (2.0% change year over year) Observed Rent Index – Las Vegas Single Family vs. Multifamily – Las Vegas Observed …

Continue reading “September 2024 Rental Market Update – Las Vegas”

If you think being a rental property owner is financially impossible, you should consider house hacking. House hacking means buying a personal residence and renting out your extra space to make money. It’s not being a rental property owner in the traditional sense. But this low-key method can help you transition into a more lucrative …

Continue reading “Is House Hacking a Viable Steppingstone to Building a Rental Portfolio?”

While the most common lease term is twelve months, some landlords offer month-to-month leases to their tenants. Under this agreement, either party may end the lease with 30 days’ notice. This arrangement may work well for some landlords but badly for others. Here are some pros and cons to consider as you decide whether you’ll …

Continue reading “Pros and Cons of Month-to-Month Leases”

Every established business had to start somewhere. So, if you’re considering the rental business to earn extra income, you’re in good company. The tricky thing about a new enterprise is that you don’t know what to expect. Here are some tips from seasoned landlords to start your rental business on the right foot.   1. Have …

Continue reading “10 Tips for New Landlords”

Keeping a rental property in good repair can be expensive. Naturally, every landlord wants as many tax deductions as possible to offset those costs. However, only some business expenses are fully deductible, while others are depreciated. Why? And how can a landlord tell the difference? The key lies in the distinction between capital improvements versus …

Continue reading “Capital Improvements vs. Maintenance: How Can I Tell the Difference?”

Rental activity and trends for the Las Vegas Metro area as reported by Zillow Research – August 2024 Typical Rent:  $1,807  (2.9% increase year over year) Single Family: $2,259 (3.8% increase year over year) Multifamily: $1,550 (2.3% change year over year) Observed Rent Index – Las Vegas Single Family vs. Multifamily – Las Vegas Observed …

Continue reading “August 2024 Rental Market Update – Las Vegas”

Landlords count on receiving consistent rental payments to run a profitable business. So, the prospect of a tenant filing for bankruptcy may induce significant alarm. Landlords may ask themselves, “Can I evict the tenants? Should I let them stay in the unit rent-free? Will I ever receive their overdue rent?” Read on to find out …

Continue reading “What Should I Do if my Tenant Declares Bankruptcy?”

Electric vehicles (EVs) are becoming more popular all the time. Car manufacturers continue to increase their production of EVs, and charging stations are popping up in more workplaces and public parking lots. While purchasing these vehicles remains expensive, consumers find the environmental benefits and cost savings worth the initial price. In fact, so many consumers …

Continue reading “What Landlords Need to Know About EV Charging”