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 →
5 Unreasonable Landlord Behaviors (& How to Fix Them for Higher Returns)
Landlords’ returns are only as good as their property management. Unlike owning, say, shares in a mutual fund, bonds, or private notes, holding rental properties is not 100 percent passive. Rental income does require some work—and some skill, to boot. I see many mom-and-pop landlords make the same mistakes again and again and again. Here... Continue Reading →
10 Security Deposit Tips, Tricks & Hacks for Landlords
Security deposits don’t protect the average landlord as well as they think. In fact, for the typical landlord, the security deposit protects against only one thing: minor tenant-caused damage to the property. What doesn’t it cover? To begin with, it doesn’t cover major damage to the property. For example, the security deposit may cover re-carpeting one room,... Continue Reading →