Ideas for Vendor Screening in the Initial Steps for a Rental Business

Many aspirant rental business owners make mistakes by quickly buying a property without much understanding of how should the rental business be really like and how to properly take care of the property that would enable long-term income. If you want to have a rental property, a deep understanding of how a real estate business…

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Steps Landlords Must Take Before Filing for Eviction Order

Before taking legal actions, there are a few things that a landlord can do to address payment delinquency or the late payment by tenants. These steps are also highly recommended by experts in property management. However, landlords and property owners should also pay attention closely to the tenant’s action to see what he or she…

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Important Tips for Amateur Landlords and Property Owners

As an amateur landlord and property manager, you have to be ready to handle myriads of tasks in running your rental business. Specifically, these tasks are tenant screening and management, financial or accounting works, rent collection system, maintenance (repair, renovation, regular inspections, upgrades, and random check-ups), legal documentation/compliances, advertising/marketing, tours/demonstrations, and working with your vendors.…

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How Property Managers Help Landlords Recover

When you own a rental business and you manage it alone, you must be well-prepared for tough challenges especially during the beginning of the operation. This is because this kind of business needs a good amount of expertise to keep it always running smoothly and earn a good amount of income. But for an independent…

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Changes that Landlords and Property Managers Must Adjust To

Because of the protocols for the COVID-19 pandemic, there are several changes that a landlord should follow in order to operate efficiently. Today, landlords or property owners are facing challenges due to these changes for them to be able to effectively fulfill their tasks and therefore, earn the right amount of income not only for…

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Important Factors in Choosing the Right Vendor for Your Rental Business

According to experts in real estate cultures, to be able to run the financial system of a rental business effectively and successfully, property owners and property managers must partner with maintenance vendors that have a clean and reliable reputation. However, to truly be consistent in this aspect of the business, property managers and landlords must…

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Security Checklist for Tenants’ Safety

A safe home for the tenants means a lot to the return on investment (ROI) and to the sustainability of your rental business. This does not only about the tenant’s satisfaction but also about the tenant-landlord relationship. Therefore the first responsibility of the landlord is to provide a safe and clean home for their tenants.…

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The Challenges of Landlords in a Rental Property

Being a landlord comes with different challenges. From managing the tenants to maintaining consistent maintenance and from keeping legal compliances to safeguarding the financial aspect, landlords have to be efficient to avoid wasting the investment and prevent legal problems. Taking these responsibilities all together is a tough job; once you mess up, there will be…

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The Basics of Income Reports for a Rental Property

In submitting a rental income report, there are things you must consider carefully so that your business won’t have to suffer legal repercussions in case trouble comes. In general, all the amounts you receive from your tenants as payments for the use of your property are considered rental income, therefore must be included to your…

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