If you’re wondering what to know about owning rental property, we have 10 tips that will provide an overview. Whether you’re a new landlord or experienced investor, these tips are critical to your success as a rental property owner. (more…)
To find a great tenant, you need to properly advertise rental property. The best place to advertise is online, but yard signs still have a place in your marketing plan. Post a sign at the property so people who are driving or walking through the neighborhood will see it. Make sure it includes your contact information and some general details about the home, such as price and number of bedrooms. (more…)
Being a landlord is about a lot more than just placing a tenant and collecting rent. You have to maintain your property, hold your tenant accountable to the rental agreement, and stay up to date on all the local, state, and federal laws that pertain to rental housing. Today, we’re sharing a few tips on how to be a successful landlord.
One of the most common questions we hear from rental property owners is: do landlords have to have insurance? The answer is, yes. As a landlord, you need insurance to cover your investment in case of a fire, flood, or major catastrophe. More importantly, you need to protect yourself against liability. Talk to your insurance agent or your property manager about what you need in a good landlord policy. Today, we’re covering some of the basics.
Tenant screening is one of the most important things a landlord can do to successfully rent a property. Make sure you have a written screening process in place, as well as written criteria that establishes your requirements for approval. Follow these six tenant screening tips when you’re placing a tenant. (more…)
If you want to successfully invest in real estate, you need to know how to buy rental property. Many property owners fall into the trap of looking for a home that appeals to them. Remember, you won’t be living in this property – tenants will. So, the stainless steel appliances and deluxe master bathroom suite may not be necessary when you’re looking for an investment property. (more…)
If you’re a California landlord, you need to understand the basic rental agreement required by state law. In order to be legally compliant and enforceable, it must include specific elements. We’re talking about those things today. (more…)
Landlord-tenant disputes are often the result of poor communication or one party not understanding their responsibilities. The worst disputes can lead to court appearances, and those rarely work out well for landlords. These six tips will help avoid these disputes, and develop and maintain a positive working relationship with your tenants. (more…)