Landlord Quick Tips

For many people, acquiring a rental property is the first major investment they make that they also must actively manage. Many property owners don’t move past a couple of properties, while others soon expand to dozens. Each person has their own goal, and rental property management or investing is not for everyone. I tried my…

The time-honored mantra of real estate – “location, location, location” – drives everything from a property’s purchase price to the rental rate. It can even dictate how much or little you should invest in improvements. Real estate markets are classified by location type. There are primary, secondary, and tertiary markets, sometimes called Tier I, Tier…

Rent concession dollars add up. When we’re faced with a problem at our apartment community, rent concessions are often part of the solution. Problem Solving with Rent Concessions A concession generally solves one of two problems.  One, we use dollars off to attract attention and remedy an occupancy dilemma.  Second, we extend a financial apology for a…

In 2020, the share of consumers who used the internet to search for a new place to live increased to an all-time high of 97 percent, according to National Association of Realtors research. With that in mind, speaking the same language as your potential buyers or renters is key to attracting them to your property…

The pandemic led to many property owners finding themselves with tenants that are thousands of dollars behind in rent. Property owners, faced with the recently-extended eviction moratorium, likely want to know how to avoid renting to applicants that may add to their list of tenants not paying rent during the COVID-19 crisis. One way to reduce the risk of…

Doing any sort of business is about reducing risk and increasing your return. When it comes to managing properties, things can fall between the cracks and strategies go by the wayside. You can do simple things to streamline every process so you can enjoy more rewards with less of a hassle.  First, Food For Thought  New…

Landlords have Financial Obligations.  Property owners for apartment complexes or even a single individual rental home assure the property owner a monthly income and extra money to do repairs and improve the property. If tenants fail to pay rent consistently, this puts the property owner in a financial bind. The most that a landlord can do is send a late rent…

Mold preventative maintenance for your rental property is the maintenance checkup this week, provided by Keepe. Knowledge about what causes mold growth and mold preventative maintenance is key to guaranteeing a safe, healthy living environment for tenants. Property managers need to know not only causes of mold growth, but how to prevent it in certain parts of the rental…

Being a pet person myself, I’ve always allowed pets (within limits) in my rental properties. And with maybe one exception, all my tenants have had pets. It’s one of the reasons people choose my rental over another. I know this because applicants tell me so. I know the argument against allowing pets: Pets cause damage — or…

How one large multifamily operator can balance the needs of pets and residents with more than 4,000 pets living in their multifamily communities. Pets have become more and more of a priority as so many people continue to spend significant time in their homes. Pets offer many wonderful benefits – companionship to residents who feel…