Successful rental owners follow these guidelines to ensure the success of their rental, and maximize their owning experience. 1. Treat your rental property like a business… because it is a business! 2. Have a financial reserve set aside for the “unexpected.” Placing...
There are many exciting and interesting things to learn about being a landlord. But, one of the most often overlooked topics is rental property tax deductions! As a new or experienced landlord, you need to take the time to become a master of your taxes to ensure...
The COVID-19 pandemic has put over 40 million people out of work in the US–a full quarter of the labor force. While there are no reliable estimates as to how many of these people are renters, we do know that nearly 50 million people in the US rent their homes. ...
Are you up to date with changes to the Rental Market? Rental properties are a great tool for getting in extra, steady income. But if you’re not paying attention, changes in market trends can sneak up on you. Don’t worry, we’re here to help! Read on...
The COVID-19 crisis has left millions of Americans in a tight financial spot. Many have been furloughed, laid off, or had to close their businesses. Others are saddled with medical bills from hospital stays or are dealing with grief from losing a loved one to the...
If you’re looking to move out of the place where you are currently living, you have a choice in front of you: Do you sell the property or rent it out to others? Making that decision can actually be more difficult than you might think. There is a multitude of factors...
Did you know that there are over 48.5 million rental units in the US? While there aren’t many accurate statistics on how many landlords there are, suffice it to say that that million rental units means that there are quite a few landlords across the US. If you...
Are you a new property owner looking to rent out your private unit? Maybe you’ve been a landlord over several multi-unit complexes for some time, and while this industry is nothing new to you, you’d like to optimize the way you manage your property. No matter where...
Choosing whether to rent or buy a property such as a home or condo can be a difficult decision. The decision is tied up in a variety of factors from your credit score to the amount of time you plan on staying in the property. We’ll help you sort out the aspects of the...
First impressions are very important when it comes to rental homes, as well as other things. Curb appeal drastically affects whether or not potential renters will want to rent or not. If you as the owner of the home can look at the property and find something on the...
Many people invest their extra resources in various things, like the stock market or other things. Rental properties are often one of the most beneficial long-term investments. There are many reasons to invest in a rental property. These investments tend to compound...
The lease agreement is very well one of the most important documents of the rental process. It is used to protect both landlords and tenants, so it is important to ensure that you have a comprehensive lease agreement before you rent out your property. Here are a few...
There have been many changes that have created drastic changes to people’s everyday lives over the past couple of weeks. Because of these, many people are becoming worried about how they can prevent this new virus from affecting themselves and their families and...
Moving is an incredibly exciting time, but it can also be rather stressful. Moving involves a significant amount of time and energy, so it is important to prepare yourself adequately in order to ensure that your move is as stress-free as possible. Set Realistic...
Property management software has consistently grown in prevalence, as technology has approved. Understand how technology currently impacts property management, as well as how it will continue to do so in the future, can significantly help to improve the efficiency of...
Pest invasions can be incredibly devastating to a rental property. They decrease the value of the property and often result in damage to the structure of the building. Prevention is always more cost-effective than removing a pest infestation after it has occurred, so...
Rental properties will require renovations every once in a while. This will help to keep tenants satisfied, as well as ensure that the property remains appealing to potential tenants. Fortunately, following the right processes to renovate can be accomplished, even...
Many experts in the field agree that there is likely to be an economic recession within the next few years. This can impact the housing and rental market, but it is far more likely to affect unemployment rates. This can impact the average asking rate for rent, as...
Are you ready to move your family into a new home, but you’d like to take your existing home and turn it into a rental? Rental property is a great way to make passive income, but it does take careful planning in order to convert your home into a rental unit. Here...
Maintaining your home, or your rental property helps to ensure it will last for years to come. Basic maintenance and upkeep efforts will go a long way in keeping the home healthy. However, when should a maintenance inspection be done, and how is it performed? Home...
As a renter, obtaining insurance is an important step in keeping your property safe. Renters insurance is designed to cover lost, damaged, or stolen personal possessions. Some insurance policies do provide liability coverage if an individual is injured within the...
When seeking tenants, landlords often have a number of qualifying factors to consider. However, there are certain legal reasons why a rental application can be rejected. It is important to understand that you must have a valid reason in order to deny an application....
It’s always exciting to move into a new space. As soon as you tour the new apartment you start imagining how your furniture and decorations might look inside. Apartment decorating is one of the most exciting parts of the moving process! The couch over there, the table...
It is all too easy to waste energy. In San Antonio, this is especially true. The hot Texan sun bakes every building in the city and your energy bill pays the price. Improving energy efficiency in your rental property will reduce energy costs, and if your tenants pay a...
If you’re thinking about renting your San Antonio property, the first step is to determine how much rent you can get for your house. Pricing your rental property correctly will attract the right type of tenant and help you maximize your return on investment. The...
Owning a rental property is a great way to boost your income and make it easier to meet your financial goals. Unfortunately, being a landlord is far from simple, and you could potentially end up losing money should your property remain vacant for an extended period of...
In most of the times, tenants have cordial relationships with their property owners although when the relationship is awry, tenants may not get the best services. In the United States, states and the federal government has set out rules and regulations that are...
Rental house scams are a type of con that generally targets people seeking to lease a primary residence or rent a vacation home on either a short- or long-term basis. The FTC and various consumer protection agencies have warned that this is a growing problem in the...
Hiring property managers in Bexar County or anywhere really is a lot like hiring a lawyer or a financial advisor. These professionals must not only be good at what they do but be appropriate to your particular objectives and circumstances both now and over the...
At some point in time, every property owner will ponder one question: When does a guest become a tenant? Perhaps a tenant has a guest who has been “visiting” for a few months and appears to have moved in. One might assume that a guest can only become a...
Rental properties must look nice and be inviting to current and potential residents. Of course, that means landscape designs must be attractive, well planned, and well-maintained. This draws those who might wish to make the property home. Update the outdoors with new,...
Choosing the right contractor for your remodeling project may not be an easy and straightforward process as it may sound. There’s a lot of financial and emotional stress to deal with vis-à-vis quality and timeliness of the task. Therefore, screening potential...
The term 1031 exchange refers to Section 1031 of the U.S. Internal Revenue Code. This section allows a taxpayer to defer capital gains as well as related federal tax liabilities on certain property exchanges. This can be a powerful tool but one that many property...
A young, growing family needs more space. An individual inherits a home from a relative. Two homeowners decide to get married. Many life circumstances may leave people wondering whether they should rent a house or sell it. There are several factors that can play...
It can be pretty tricky to figure out how to handle bed bugs. You have to determine that you are infested, then you have to go through the painstaking process of fumigating and changing out your mattresses, perhaps even moving out of the property altogether. Some will...
Every parent’s primary concern is child safety. That goes without saying. However, what happens when you are living in a rental unit that could use a few ‘adjustments’ to safeguard little children without making major structural changes to the home?...
If you have decided that renting is the best option for you, then you may have trouble deciding whether you should rent a home or an apartment. It is important to note the benefits of renting a house over renting an apartment. More Amenities You will typically get...
Decorating can be expensive. However, you do not have to spend a fortune on decorating your place. There are a number of things that you can do to decorate on a budget. How To Stick To A Budget While Decorating? Plan Before You Start Decorating It is a good idea to...
Living on your own can be exciting, but it can also be a little frightening. It is extremely important to make sure that your safety is the top priority and it all begins with your apartment search. If you are in the process of looking for an apartment or you are...
Renting for the first time can be scary. After all, you will now be responsible for paying your own bill and, if you don’t pay, you get evicted. For this reason, it is very important to figure out the budgeting for your first apartment. The following three tips will...
Landlords provide their tenants with a place to call home, but it can be as challenging as it is rewarding. Every property manager has faced sleepless nights worrying about past due rent checks and buildings overrun with pests, but there are ways to keep the...
One of the biggest mistakes that renters make is not getting renters insurance. Regardless of whether you are renting an apartment, condo or house, you need renters insurance. Many people think that renters insurance is an unnecessary expense because their property...
In an age when moving around is almost a necessity in order to take a higher paying job, accommodate a company transfer, or to attend school, tenants may be faced with a tough decision of whether to break a lease. Each state has its own regulations, and it’s important...
As a property owner, you want to make sure that your home stays in good shape. If your old tenants move out leaving behind bad smells, it is important to find out where the scents are coming from and what is causing them. You want to be able to quickly resolve your...
In the property management world, there are many types of tenants. One tenant that most landlords try their best to avoid is the dirty tenant. Every landlord wants to find a tenant that pays rent on time, stays for a while and care for the property as if it was their...
Are you concerned that your new rental home lacks the square footage to truly decorate? We have good news! With some clever arrangement, even the smallest room opens up into a more open, welcoming space. No doubt you realize that clutter makes an already small room...
What Goes into a Winning Welcome Packet? As a landlord, you want to provide incoming tenants with helpful information to make the transition into their new home or apartment as easy as possible. A welcome packet is a great way to deliver that information. If you’re...
As you shop for your new home, it is likely that you’ll come across a number of very different options. In this increasingly competitive market, the cost to rent a home is often comparable with that required to rent an apartment. With cost being less of a factor, you...
Upon renting a home or apartment, the landlord or property manager will often require a security deposit. Security deposits ensure that, when tenants leave, the home or apartment is in the condition in which they found it. If the tenants meet certain standards, the...
Now that the renter population has increased in Berkeley and more and more people are investing in rental properties, the unfortunate reality is that many property managers will inevitably have to deal with tenants that don’t get along. The most common complaint?...