Apartment owners today are finding themselves in a situation like no other they have ever faced before. The profound effects of the coronavirus are not only challenging their property’s daily operations but also upending their tenants’ lives.
The best type of tenant improvements are those that not only make the place look better and the tenants happier, but those that improve your revenue thus increasing your ROI.
Very NICE Home Renovated And Rented $850 A Month! Price: $75,000 (SOLD), 4 Beds, 1 Baths, Single Family
While dealing with property, you are often in a dilemma, deciding whether or not hiring a property manager would benefit you. Your need for a property manager could depend on a lot of factors; the distance from your property, if you're a first time property investor, or your inability to deal with tenants.
I’ve been getting a lot of questions about what I’m doing during this quarantine time—what I’m doing to my rental properties and how I’m adapting to the situation as it is today. I want to talk to you about how I’m adding value to my properties while the world’s essentially on pause.
During this trying time in real estate, any owner or operator of rental properties should remain up-to-date on any and all financial resources available to the public. Not only for you, but for your tenants.
What if you want better cash flow from your rental properties? You can’t just raise the rents arbitrarily. If tenants leave, income goes down, not up. There are other ways, though, to turn to in times of uncertainty.
To help other new and prospective landlords out there, here is a quick checklist of things you’ll probably want to start thinking about before you’re ready to rent that first property.
Owning rental property can be a great source of steady income if handled properly, or it can be sold for a hefty profit to someone else looking for a long-term real estate investment if you are ready to move on and would like to make a larger, one-time windfall on the property.
One of the toughest parts of being a property investor is finding an outstanding tenant to fill your vacancy. What makes an outstanding tenant? The two most important things are that the tenant pays their rent on time and cares for the property as if it were their own.