Renting or leasing a home has its fair share of difficulties, and the one thing you don’t want to forget about is insurance. The reality of the process, however, may mean call center wait times, talking to numerous people before getting to the right person and then being asked so many questions and you may not know all the answers. …
A Guide to Good Tenant Relationships
It’s a binding contract. It’s also a handshake with eye contact. You’re the landlord, they’re the tenant. You have a business relationship and a human connection. Some of the landlord-tenant relationship is simple, black-and-white business. But some circumstances ask you to honor the human side of the relationship with a little psychology and a little give-and-take. Here are some tips …
First Time Managing Your Own Rental Property? Avoid These 7 Rookie Mistakes
It seems pretty easy. You buy a property, make sure the appliances work, slap on some paint and boom—you’re in business. The thing is… being a landlord IS a business. Just as you’d approach your day job like a professional, you should approach renting to tenants like one. But everyone is a new landlord at some point, and mistakes are …
The Pros & Cons of Renting to College Students
A college town means college students. Which means young people who need a place to live. If you own rental property near a college, it’s only natural to explore the possibilities of meeting their demand with your supply. It can be an excellent business move. But it helps to know what to expect when you rent to students and how …