Landlords are in constant tension when it comes to setting rates. You want a competitive rate that will retain your excellent tenants and keep them renewing their leases; after all, you save money every time you don’t have to look for someone new. However, you don’t want to be the lowest rent in your comparable market, since […]
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How to Avoid Buying a Bad Investment Property
It’s in your price range, and you think you can make it work. Sure, it needs a few repairs. But you see the bigger picture for this property as a rental property. Maybe it’s your first investment property, and you don’t have a lot of money to spend—but you want to get started as a […]
Gaining Tenants Through Property Listings
Listing your property for rent comes with all kinds of preparations; cleaning, renovations and updating, and actually writing a listing for your property. Tenants can be drawn to keywords or location features, pictures of your property, or possible amenities your property has. Learning to write a property listing can be a challenge, but writing an effective property […]
Tenant Retention: Converting Churn Into Pure Butter
Your tenant is moving out. Maybe he’s getting married, or she’s changing jobs (with a move). It’s always something. Life is change, it’s unavoidable, and there’s the inevitable hit to your income for the period when there’s no one in that rental unit. As a prudent landlord, you can use that time to do any repairs and […]
Keeping Your Dallas Property Beautiful in Every Season
As a landlord, attracting great tenants starts with a well-maintained property. Here are some of the essential maintenance steps for you to consider each season of the year to keep your Dallas property in tip-top shape! Summer Now, or at some point during the year, replace the batteries in smoke and CO2 detectors; not only will you avoid […]
Use These Tips to Take Your Best Rental Listing Photos
The Value of Great Photographs If you’ve never been one to need professional photographs for anything, you may not realize just how different a poor-quality photo is from a truly well-taken shot. When generating photos for your rental listing, you aren’t just helping the client to understand what the rental looks like. You are helping […]
Nobody Renting? Try Lowering the Rent
Do you have a lot of vacant units but don’t know why? Landlords have a myriad of factors to consider to maximize the returns on a rental business. Whether it’s one single-family dwelling, a duplex, or a whole collection of units in a complex, units sitting vacant is the last thing any landlord wants. Too many […]
Deciding to Hire a Property Management Company Should Be Easy Right?
You’re a landlord. Maybe you’re new to this game. Perhaps you’re an experienced, seasoned professional in your own right but something has changed lately. Maybe you’ve been getting along fine on your own or with a single employee in the office taking care of everything, but she has moved on. Then again possibly you may have […]
Is It Time to Raise the Rent? Here’s How
When it’s time to raise the rent on your rental property, make sure you proceed with caution. Raising the rent too much or too quickly can leave you with an empty property after you tenants leave in frustration. However, avoiding a rent increase that’s large enough to cover your expenses can cause you to lose money on […]
Lease or Sell: Which is Right for Me?
When you have a vacant property, you’re left with an important decision— rent it or sell it? Both, of course, come with several pros and cons. However, in the ever-changing market, leasing a property usually pulls out on top as a clear winner. If you’re thinking of getting started as a landlord, here’s a closer look […]
