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Renting and managing rental property can be rewarding, yet challenging. Plumbing issues must be managed vigilantly to preserve their properties’ integrity while satisfying tenants. Leaks in faucets and pipes are a serious threat for landlords. Left unattended, even minor leaks can quickly turn into major ones that cost tenants dearly in repair costs. Landlords can…

Property managers face numerous challenges. One of the most trying is when one of their tenants passes away. Navigating this period with professionalism and empathy will ensure a respectful environment for everyone involved. Property managers must act with care and sensitivity upon hearing of a tenant’s death. Communication between all involved should take place tactfully;…

Landlords are exploring new ways to enhance the rental experience for both themselves and tenants alike. Self-showing technology has gained immense popularity. This innovation allows prospective tenants to view the rental property at their convenience, providing numerous advantages but also potential drawbacks. Landlords should carefully evaluate it before adopting this trend. Self-showing technologies are becoming…

An intelligent landlord knows to invest in cost-effective improvements to increase the rental value of his or her properties, not only to attract quality tenants but also to increase tenant satisfaction. Making small yet significant improvements can boost appeal in an already competitive real estate market without having to break the bank. Enhancing the curb…

Landlords should carefully consider all their options when leasing out properties, from signing an annual fixed-term agreement or month-to-month lease agreements, depending on factors including preferences, market conditions, and needs of all parties involved. We outline both monthly-to-month leases and annual fixed-term contracts in our comparison chart to help landlords make informed decisions. Month-to-Month Leases…

Property owners face an important decision in real estate investing when they must choose whether or not to hire a property management company, asking themselves the question: “Are they worth it?”. The answer to this dilemma depends on numerous factors. At its core, hiring a property manager depends on one central factor: time vs money.…

Rent estimates in property management are constantly shifting. Understanding the outlook for the rental market is important for landlords, tenants, and investors. Navigating this complex environment requires having an in-depth knowledge of all of the key influences affecting rent estimates and thus its future direction. This exploration focuses on the art and science of rent…

Rental markets provide investors, landlords, and tenants alike with invaluable insight into property management. As trends and projections within this sector unfold, understanding trends and projections is integral for making informed real estate decisions while anticipating changes that might affect them. Demand and supply play an intricate role in shaping rental market projections. While rent…

Investors with extensive property management knowledge understand that success lies not only in purchasing an investment property but also in managing rental income effectively. Rent rolls provide an indispensable way of organizing this task, acting like a comprehensive ledger that details all financial information regarding an investment property’s finances and performance. Optimizing rent rolls can…

Maintaining harmonious relations between tenants and landlords depends heavily on timely resolution and repair of property issues, and understanding when and how tenants pay for repairs is an integral component of managing rental properties. Let’s discuss the factors that impact repair costs as well as rights and responsibilities for both landlords and tenants. Landlords bear…