As much as has been written on this blog about investment properties and house hacking, there seems to still be a lot of confusion in regards to which asset class best fits in people’s lives. I see this question discussed on the forums quite a lot. With this in mind, I am going to try... Continue Reading →
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The Epiphany That Netted Our Property Management Company 4,000+ Doors
In 2010, I had an epiphany. That lightbulb moment led to us adding more than 4,000 new construction doors to our property management company in one market over the next eight years. As many of you can attest, 2010 was a rather dismal year in the overall economy as well as the housing market. And... Continue Reading →
6 Tips for Raising the Rent Painlessly (Without Losing a Single Tenant!)
Like most pieces of the property management puzzle, raising the rent is part art, part science. There’s a human element to it—that’s where the “art” comes into play. Fortunately, even that can be systematized. Far too many landlords hesitate and fear raising the rent. But it’s a part of the business, as raising prices is... Continue Reading →
Communicating with Contractors: How to Start the Relationship Off Right
Like most property management companies in our area, we don’t have a stable of permanent contractors that work for us. What we do is deal with a relatively short list of contractors with whom we’ve established relatively mutual trust. Over time, we’ve learned the hard way that nothing is ever 100 percent in the property... Continue Reading →
4 Tips to Save Money on Maintenance and Repairs Between Renters
One of the biggest downsides of high rental property turnover is that it costs money to clean, repair, and touch-up the property in between tenants. Knowing how to save money on these processes can be a lifesaver. 4 Budget-Friendly Maintenance and Repair Tips As a landlord, you need to focus on cash flow, profitability, and... Continue Reading →