Rental Tips, Insights, & Property Stories

Psychology has become something of a trend in the property management realm. It is not overhyped, though. Taking into consideration psychological factors in residential property management contributes to understanding the subtleties of landlord-tenant interactions. With that in mind, landlords can easily evaluate how a resident feels about their property and hence develop effective strategies for communication.

It is high time to start caring for the environment. The ongoing negative effects of climate change prompt landlords and property managers to establish cost-effective strategies to reduce the impact of their rentals on the environment. Living during the eco-friendly era means being as sustainable as possible, or at least trying to develop an eco-conscious attitude toward the Earth.

Many landlords are looking for ways to receive a higher return from their rental, but often they do not do the most basic things that help them do just that. Rentals are full of water guzzling toilets which are most likely over ten years old and still consuming a substantial amount of water.

Landlord harassment is an action a landlord takes to unsettle a tenant or force them to leave a rental. Such behavior is illegal and breaches landlord-tenant laws. Unpleasant stories of landlord harassment are highlighted in numerous articles and, more often, in tenant forums. Unlawful evictions, violence, and discrimination are just a few examples of harassment.

How do landlords and property managers make money when they constantly need to invest in something? The secret to making a profit out of your rental properties is to start with wisely distributing your budget and understanding the current rental market. In addition, there are also subtle nuances of the trade you need to be aware of.

Surveys show Millennials are likely to rent for almost their entire lives. Since they prefer renting to buying properties, Millennials are a target audience for landlords and property managers. Born between the early 1980s and 1990s, the Millennial generation has developed renting habits you will want to consider.

Tenant scams can be a nightmare for both new and experienced landlords. As the number of renters looking to profit from rental properties grows, scammers are becoming more inventive. It’s essential to distinguish between trustworthy tenants and potential fraudsters when renting to anyone.

Were you thinking about retirement when you were a twenty-something? Did you invest in a 401(k) in your thirties? No matter what the answer, having passive income involved is a must. Building an effective retirement model that includes passive income will let you enjoy life and spend less time counting every penny.

Oregon became the first state with statewide rent control. Oregon has been debating Senate Bill 608, which is designed to overcome the housing crisis and provide affordable rentals to lower-income populations. In Portland, the average rent has risen by 30% since 2011.

Managing rentals is not an easy task, and looking for creative ways to increase rental income, minimize expenses, and cut losses is always a chore. Here are five creative and simple ways to increase your rental income that you can start doing today!