Landlord-Approved, Renter-Friendly Upgrades are Possible
With proper communication between both parties, upgrades can be beneficial for all. Successful, tenant-led upgrades can improve the relationship between you and your tenants and even the property as a whole. With proper expectations and documentation, allowing upgrades can be a great choice.
5 Steps to Help Landlords Build Better Relationships with Tenants
Every landlord makes a commitment to keeping the value of an investment property intact through the careful oversight of tenants. As a landlord, you must manage the property, carry out maintenance, keep track of financial transactions, and build a strong relationship with the tenants.
Tips for First-Time Landlords
Starting out as a new landlord can be challenging. The job requires multi-tasking and doing many things such as finding and screening prospective tenants, creating and following rental agreements, and collecting rent online. Following are some important tips for any first-time landlord.
5 Time Management Techniques Every Landlord Should Practice
Listing properties, interviewing tenants, maintaining a rental property, accepting rental-related payments – these are just a few of the things a landlord or property manager does to keep their business up and running. That already seems like a lot of work! But can it be optimized? Sure!
Stats on Maintenance Requests and Home Repairs
As TenantCloud maintenance management allows both landlords and tenants to easily deal with maintenance issues in rental properties, we’re keeping track of common maintenance requests with the goal of making the process of reporting a problem, tracking progress and resolving issues smoother.
Avoiding Accidental Damage – Making your Property More Durable
On average, landlords will spend 1.5x their monthly rent collection each year on maintenance to their property. These figures indicate that there is room for landlords to increase their margins by making their home more durable.
Appliances in Rental Properties
For starters, it may seem that letting renters purchase and provide their own appliances is less troublesome for landlords because they won’t be on the hook to handle any repairs. It’s not in your best interest if you’re trying to increase rental income rather than simply filling the vacancy.
Preventing Pests in Rental Properties
Preventing pest infestations in rental properties is not necessarily an easy task. Maintaining a pest-free rental takes a lot of effort and is not always pleasant. However, if you follow the right steps, you’ll be able to keep pests out of your rental property.
Spring Home Improvement and Maintenance Tips for Landlords
A rental property might provide you with income, but you have to keep investing in it to save on long-term repairs and maintain high standards. As a landlord, you should plan to complete the following maintenance tips at least once a year. What better time than spring?
Tax Season Digest
Tax season began on February 12, 2021 and will last until the deadline of April 15, 2021. Though it’s possible the IRS may extend the filing deadline, it’s always best to complete the filing process in a timely manner.