Reasons Why Owner-Managers Should Pay Themselves
Thursday, April 21
If you manage your own property, you probably make sure pay day comes for the vendor who mows the lawn and the bank that services the loan. Yet you may be neglecting to pay the most important person on your team - you. Do It Yourself types who manage their own rentals may not see the point in col...
The Four S's Guaranteed To Make Your Rental Stand Out
Tuesday, April 19
Knowing what renters want in a home is the first step to attracting quality tenants. It's true, you can't change your rental's location and lack of funds may limit your ability to do major remodeling. Yet with a little imagination, there are many things you can do to make your rental stand out...
How to Avoid A "Ruff Ride" When Renting to People with Pets
Monday, April 11
Sooner or later all landlords must decide if they are going to rent to people with pets. After all, pets cause damage. Pets increase insurance rates. More importantly, pets will mysteriously multiply in your rental if left unchecked. Yet if you exclude applicants with pets, you could limit your n...
Caveats To Consider Before Renting To Someone You Know
Wednesday, April 06
Renting to someone you know may seem advantageous over renting to strangers. Why go through the stress of tenant screening for your property if a friend or family member is available to fill it? Yet the same advantages of renting to a co-worker, family member or friend can create problems when it...
How To Find An "A" Class Tenant For Your "C" Class Property
Monday, March 28
Whether you're an investor or property manager, we're all searching for that quality, "A" Class tenant. You know the type; the one with a 675+ credit score, solid payment history and dependable income. More importantly, we want that tenant who will stay and pay down the mortgage and not trash t...
Using Your Rental Application To Screen Out Bad Tenants
Wednesday, March 16
A rental application serves as a landlord's first line of defense in screening out bad tenants. This tool should provide enough personal and financial information to accurately determine the risk of renting to that person. Moreover, a well-written application asks questions about that person's re...