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How to Make More Money from Your Residential Rental Properties

With few exceptions, landlords want to maximize profits from their rental properties, but what are the best ways to do this? We spoke with several experienced landlords from across the country about their top pieces of advice for increasing property income, and it’s intriguing to see what these experts focus on and how their pieces of advice overlap.

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September 27, 2018
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How to Establish Your Tenant Screening Policies and Stick to Them, Part II

As we mentioned in part one of this series, categories like credit, rental, and employment history are important to think through when establishing your policies. We also offered an example list of criteria you could use, shown below. This list offers some guidelines that may seem inflexible, but your policy can be much more nuanced. Let’s consider some potential exceptions to this list as you start preparing your guidelines.

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September 24, 2018
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How to Establish Your Tenant Screening Policies and Stick to Them, Part I

When filling a unit vacancy, it can be tempting to rent to people based solely on great first impressions. While your gauge of character may be spot on or your friends’ recommendations are always right, take the extra steps to protect yourself by conducting thorough background checks that follow screening guidelines you’ve previously established. By consistently using your policies to evaluate applicants equally and fairly, you can protect yourself from discrimination lawsuits.

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September 18, 2018
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5 Tips on How to Collect Rent and Get Paid on Time

As a landlord, having long-term tenants who communicate well with you and are responsible is ideal. It’s especially helpful when they’re responsible; you’ll receive rental payments on time, which will improve your cash flow and help you pay your upcoming bills. Here are some ways to significantly increase your chances of receiving rental payments on or before their due dates.

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September 12, 2018