Renter Management, Property Management
What you need to know to better manage your tenants and your properties for maximum ROI
How do I improve my returns? With better renter management.
Managing renters is a lot harder than it looks.
That goes doubly for lower-end neighborhoods, too. Renters and landlords often clash, because renters want the most money invested in their property, and the lowest possible rent. Landlords, of course, want the opposite.
How can landlords raise the rent without losing tenants? What about property upgrades with the highest ROI? Are there cheap ways to boost property values and rents?
We’ve got you covered.
We know that property management is part art, part science, and part samurai skill set. Here are some articles to get you started, provide some tips and ideas, and generally make your life as a property manager easier.
“Required Reading” – Start Here First!
Tenants can be extremely difficult to manage. And properties? It often feels like something breaks every time someone sneezes. Learning how to manage renters and properties is a skill set in its own right, so we’ll help you get their faster. After all, better property management means better ROI!
Full Library of Passive Income & Personal Finance Articles:
Tenant Turnovers: Costs, Retention & How to Make More Money (Infographic)
What's the #1 profit killer for landlords? You guessed it - tenant turnovers. Between repairs and property upgrades (new paint, new carpeting, etc.), vacancy costs, advertising costs, time spent showing the property, and of course fixing any...
Are Rents Collapsing in Major Cities?
As a real estate investor, you’ve probably wondered “What happens if housing markets collapse?” It’s one of the biggest fears and questions we hear from our passive income students. One answer is that it’s uncommon for real estate values to go down – it happens...
The Eviction Process, Step by Step: What You Need to Know BEFORE Eviction
If you own or manage rentals long enough, you’ll eventually have to evict a renter. Evictions are expensive, time-consuming, and fraught with pitfalls. No really; they can take anywhere from two to twelve (12!) months. Many landlords make matters worse by...
Understanding CapEx – “It’s Not Rocket Surgery”
I know, I know, you don’t like math. We’ll keep it manageable. Landlords lose money on their rental properties for many reasons, but the most common is that they failed to factor in all the costs of owning, managing and maintaining the property before they...
8 Clever Ways to Earn Extra Money from Your Rentals
One of the most consistent complaints I hear from students in our course on creating passive rental income comes right after we go over how to calculate a rental’s cash flow accurately. “What?! How will I ever find a property that still cash flows well, after...
How One Work-at-Home Single Mom Bought Her First Duplex
Being a parent is endless work. And if entrepreneurship also requires endless work, then what is infinity multiplied by infinity? Then double the responsibilities again, for a single mom. And, stay with me here, imagine that our heroine also invests in real...
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