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Want to be a great landlord but don’t know where to start? The following five tips will get you up and running and keep you in your tenant’s good graces. They’ll also help you increase your income and get the most out of your property. (more…)

photo credit: Jug Jones

If you’re new to the investment property game then there are a few options to consider before you dive in and buy your first rental property.

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You’ll hear it over and over again that screening your prospective tenants is one of the most important things you can do as a landlord or a property manager, but what if you already have tenants in the unit, can you screen them now? The answer is no. (more…)

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If you’re a property owner then you’re probably looking to get the most value out of your investment as you can, especially if own rental properties and consider this a major part of your income. One way to increase the value of your property is by making wise upgrades and investments. (more…)

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It’s your property and keep this in mind when you’re renting to tenants. If you don’t want the tenant to modify the property in any way whatsoever, make sure you include this in the written contract. It’s the only way to make sure you’re point has hit home and it provides you with a legal remedy if they do make alterations. (more…)

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Are you ready for a property manager or can you still do it yourself. Some property owners begin to feel overwhelmed as they get more tenants and more property. These added responsibilities come with more stress and more pressure and may leave you wanting some additional help. (more…)

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Thinking about investing in property is a big step, but there are several steps between your initial thoughts and actually purchasing the property. In fact, a lot of people never actually get to the last step. But if you’re in the thinking stage then it may be time to move into phase two, researching the area and the property.

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photo credit: Aidan Jones

A lot of property owners reach a point where they have more rental units and property than they can personally manage. It’s important to take a step back and admit when you’ve hit this point, if not your tenants, property, business and reputation will suffer. When you hit this point, it’s probably time to hire a property manager. (more…)

photo credit: stangls

Landlords and property managers have noticed a trend over the past few years that they generally see as a benefit: there are more renters on the market these days. That’s because many home owners have lost their homes to the subprime mortgage bust and the general decline in the housing economy. These people can’t afford to buy another home so they end up getting back into the renting pool. (more…)

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Screening your prospective tenants needs to be taken seriously and treated like a job. You need to follow the same screening procedure for each applicant and document your work. These steps are not only important for you to make sure you’re getting the right sort of tenant but they’re important protection against discrimination suits. (more…)