Blog

Being a landlord can be one of the most effective ways to earn passive monthly income. However, to achieve long-term success, you must treat your rental property like a business. This means being proactive about responding to tenant issues, drafting a solid lease agreement , ensuring legal compliance, and maintaining the property. For most landlords, the ultimate goal is to maximize their return on investment (ROI). While increasing the rent amount may seem like the easiest way to boost income, it’s not always feasible. In fact, raising ren…

A tenancy, whether periodic or fixed-term, runs for a specific period. And it’s up to the parties in the lease agreement to choose whether to renew it. If you or the tenant decides to end it, state law may mandate a move-out letter. As a landlord, it’s important to understand what it entails, when to serve it, and how to draft one. What is a Move-Out Letter? A move-out letter is a notice you can use to communicate your expectations to the tenant before they move out. You can use it to let the tenant, for instance, know that they must leave …

The visual appeal of your property will have a significant impact on attracting and retaining tenants. Today’s tenants are big on their future spaces and are willing to pay more to meet that price. However, landlords tend to put more money and resources into the interior and forget about the exterior. Curb appeal is one aspect that landlords can’t afford to slack on. A beautiful exterior is like a good marketing strategy. It allows you to draw in tenants seamlessly and reduce vacancy periods . The Importance of Curb Appeal Investors, indi…

If your main goal as a landlord is to keep earning a steady income, attracting long-term tenants is a necessity. Vacant rentals can lead to extra maintenance and marketing expenses, so it is critical to have loyal residents in your rental unit. Elevating the value of your rental space is also a breeze when you have a reliable set of renters. You can allocate a budget for renovations which leads to more satisfied tenants and consistent investment returns. Here are 5 great tips to draw more constant and reliable renters: 1. Persist With Mar…

Wether you hire a property management company or are a DIY landlord, keeping your tenants happy goes a long way. Building a good landlord-tenant relationship will help you retain your tenants for longer, which will ensure your rental property remains profitable in the long run. One of the best ways to keep your tenants happy is to resolve their complaints promptly. Some common tenant complaints we will cover in this article include maintenance and repairs issues, noise complaints, and parking issues. Timely resolution of these problems will sh…