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:
Is Rental Income Active Or Passive Income? How Much Labor Landlords Should Expect
TL;DR on Is Rental Income Passive Or Active For tax purposes rental income can be defined as passive income so long as you do not qualify as a real estate professional. In the truest sense of the word, rental income is not “passive” income, as it requires extensive...
23 Rental Property Income Tax Deductions For Landlords In 2024
TL;DR Overview on Rental Property Tax Deductions: Landlords have different rental property tax deductions that can help with keeping more of their income in their pocket. They can deduct virtually every real estate investing business-related expense, and they...
Are LLCs for Rental Properties Worth the Hassle? Pros, Cons, and Costs
One of the first questions I hear from new real estate investors is: “Should I create an LLC for rental properties, rather than owning them under my personal name?” It’s a good question, and shows foresight. After all, people love to sue landlords. And love to hate...
The Landlord’s Guide to Pet Deposits vs. Pet Rent vs. Pet Fees
I love animals. I have almost always had at least one pet in my home. Pets enrich our lives and provide unmatched companionship and unconditional love. Except for my cat, whose affection seems to depend on my filling his bowl—and, even then, often includes the use of...
How Much Can a Landlord Charge for Cleaning? Rules for Tenant Cleaning Fees
Rare is the departing tenant who leaves their unit in truly pristine condition. More often, the situation falls somewhere between “Fine” and “What happened?” — with the occasional “What the…?” thrown in for good measure. Even when the space is spic and span, it needs...
Umbrella Insurance for Rental Properties: What Landlords Need to Know
I have a theory that nobody likes insurance. Don’t get me wrong, it’s important and often required by law or by lenders. But insurance is just so psychologically unsatisfying. I don’t know anyone who’s really excited to get their sweet new coverage. At best it gives...