Is a Month-to-Month Lease Better for Landlords?
Landlords who prefer renting out a unit over a short-term period can opt for a month-to-month leasing arrangement. While traditional leases focus on long-term tenancy, typically a year or two, to maximize rental earnings, month-to-month leases also offer their advantages. You may be thinking whether or not a month-to-month lease is suitable for you. This article will outline the benefits and drawbacks that come with month-to-month leasing. What Is a Month-to-Month Lease? A month-to-month lease is a contract between a landlord and renter that re…
Costs That Landlords Don’t Notice They’re Accruing
As a landlord, are you fully aware of the hidden costs? Managing rental properties often involves more than just collecting rent and handling major repairs. In this insightful article, we'll uncover the less obvious expenses that can silently accumulate. From maintenance nuances to legal intricacies, we delve into the myriad of overlooked costs that many landlords unwittingly accrue. Whether you're a seasoned property owner or new to the landlord game, understanding these subtle financial drains is crucial for maximizing your investment. Stay…
How to Transition From Part-Time to Full-Time Landlord
Are you contemplating making the switch from part-time to full-time property management? As landlords, it’s common to juggle multiple roles, while balancing passion for real estate with other responsibilities. But there comes a time when the allure of diving deeper into the landlord journey becomes irresistible. If you're considering the idea of making property management your main focus, you're in the right place! This comprehensive guide is crafted with landlords like you in mind, aiming to ease the transition and unlock the potential of bei…
How to Finance Investment Property
Investing in real estate can be a lucrative endeavor, offering a potential source of passive income, and long-term wealth accumulation. One of the fundamental aspects of real estate investment is financing your investment property. Whether you're a seasoned investor or a beginner, understanding how to finance investment property is essential to ensure a successful venture. If you’re aspiring to invest in real estate, it’s important to explore various financing options, strategies, and tips to help you make informed decisions when acquiring an…
Everything You Need to Know about Renewal Screening Checks
Tenant circumstances can change over time. Renewing screening checks helps you ensure that tenants' financial and personal situations are still suitable for the property. Regularly screening tenants ensures a consistent approach when evaluating all tenants, promoting fairness and compliance with fair housing laws. Why Are Renewal Screening Checks Important? Renewal screening checks are important for maintaining the quality and safety of your rental property and protecting your investment. There are many reasons why they are important, we have o…
