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:
What Is a Landlord Insurance Policy & How Much Coverage Do I Need?
Just like homeowners, landlords need property insurance coverage. Too little coverage leaves you exposed to losses when and if your property suffers damage. But too much landlord insurance coverage is an unnecessary expense each month. Which means you need to strike...
Repairs vs. Capital Improvements to Rental Properties: How Are Each Taxed?
Every landlord must carry out regular maintenance and repairs to keep their rental properties habitable. Fixing a faulty faucet, AC unit repair, or painting the property are all part of a landlord’s job description. In contrast, capital improvements boost the property...
Visualizing Real Estate Cash Flow
Real estate cash flow is not about what happens in a “normal” month. In a “normal” month, your expenses will probably be minimal. And then a not-so-normal month hits, and you get slapped with a $2,500 expense. So when rental investors forecast real estate cash flow,...
How to Drive Up Market Rents for Your Properties
When you run the numbers for a prospective rental property and compare it to similar properties in the area you'll find opportunities. You may be able to improve your profit margin, either through charging higher rents or reducing ongoing costs for maintenance and...
How Much Do Different Types of Flooring Cost?
It seems like landlords need new flooring between every single tenancy. So what flooring options are available, how much do they cost, and how does new flooring affects your property value? Whether repairing flooring that has seen better days or sprucing up your...
Should You Rent to Section 8 Tenants? Pros & Cons of Section 8 for Landlords (Infographic)
Heard tales of guaranteed rent payments for landlords who rent to Section 8 tenants? Deposited by the government, and paying higher-than-market rents? If these stories perked up your ears, you’re not alone. Section 8 landlords can collect rents reliably, with fewer...
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