When you purchase an investment property, you have two management options: property management or self-management. Regardless of what you decide to go with, rental management includes all tasks related to rent, tenants, property maintenance and repairs, business operations, and more. Hiring a property management company means you will pay a percentage of your monthly rental... Continue Reading →
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13 Proactive Ways to Increase Rent & Add Value to Your Rental Property
1. Improve the Appearance of the Front of the Property It’s often noted that people make up their minds about you in seven seconds. In other words, you don’t have long to make a first impression. Neither does your rental. As I noted in my last article, simple aesthetic improvements such as window shutters, painting the front door, mowing... Continue Reading →
Sorry, But Turnkeys Aren’t 100% Hands-Off. For Success, Know THIS.
People think that when turnkeys are advertised as “hands-off,” it means they have to do nothing. Then, inevitably, when something goes wrong, the investor is irritated because things are getting handled. Well, I hate to break your cookie jar and spill cookies everywhere, but turnkeys aren’t fully hands-off! Turnkeys do, however, take care of a... Continue Reading →
Calculating Your Airbnb Return: How to Estimate Your Rent
If you’re on this site, you likely enjoy looking at houses and properties, but perhaps calculating the numbers is what really does it for you. I get it there are few things I enjoy more than running calculations on a spreadsheet. There are basically three groups of numbers you need to think about when calculating... Continue Reading →
What I’ve Learned About Landlord Anonymity
Can landlords be truly anonymous in the 21st Century? Of course not. But that doesn’t mean it has to be easy to figure out who a property’s owner is or where to find them. “Why do landlords need privacy? Why does anyone need privacy if they have nothing to hide?” There’s always a goodie-two-shoes who thinks... Continue Reading →