We get it — as a long-distance investor, finding a local property management company to manage your properties is tough.You have no idea who a company is, what kind of work they do, and whether you can trust them with your investment. Literally, all you have to go on is what you read online.But the …
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How to Find Long-Term Tenants for Your Rental Properties
When it comes to filling your properties, not all tenants are created equal. The best-case scenario for investors? Finding tenants who are looking for a long-term home, not just a place to stay for a few months or a year.Long-term tenants provide consistent income that you just won’t find if you …
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5 Traits of an Ethical Landlord (& Why They Matter for Your Business!)
In this day and age, pretty much anyone can buy a few properties and become a landlord.But being a landlord is about a lot more than owning property. You’re literally responsible for another person’s living situation; it’s your job to handle repairs and maintenance, to manage trust accounts, …
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Do You Need a Real Estate Investment Team?
The most successful people in the world all have one thing in common — they have an incredible team in their corner.For a real estate investor, the right real estate investment team can mean the difference between floundering investments and huge success. But what, exactly, does the right real …
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The Essential Guide to Routine vs. Emergency Maintenance for Landlords
When it comes to property maintenance, as an owner, you have two main responsibilities. The first is to provide a safe place for your tenant to live at all times. And the second, which is an offshoot of the first, is to take care of any problems with your property in a reasonable amount of time …
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Why You Should Hire a Busy Property Manager
There are so many good reasons to hire a property manager.They find the best tenants, manage all the maintenance and repair issues, collect rent, give your property credibility...Basically, their job is to make your life easier. And who doesn’t want that?When you’re getting ready to …
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How Often Should You Inspect Your Out-of-State Rental Property?
As an investor, you want to make sure you’re staying on top of your properties — and the best way to do that is through regular inspections.When you perform regular inspections on your properties, you can catch any potential problems (like foundation issues, slab leaks, or water leaks) before they …
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How to Show an Occupied Rental Property (Without Disturbing Your Tenants)
It doesn’t matter if you own or rent — if you stay at a place long enough, you’re going to develop an emotional, personal attachment. That’s true for just about everyone — including your tenants.Your tenants have spent a solid chunk of time — whether it’s a year or 10 years — calling your investment …
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How to Buy and Rent Investment Property With a Business Partner
There are a host of benefits to working within a real estate partnership. When you work with a business partner, you split all the expenses for your investment (like property taxes and repairs) right down the middle. When you work with a business partner, typically there are different …
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5 Ways to Improve Your Rental Home’s Energy Efficiency
There are plenty of benefits to making your rental home more energy efficient. Not only is it the right move for the environment, but it also makes sense from a business perspective. An energy-efficient home keeps monthly energy costs down, which makes it easier for tenants to pay their rent — and …
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