Seasoned real estate investors understand that repairs will come up. Whether it's water damage from a pipe that's burst or a broken garage door, there's no shortage of possibilities when it comes to repairs for a rental. Often, it's the “accidental landlords” who are surprised when a repair comes …
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How to Transition a Rental Property Between Tenants [Move-Out Checklist]
In a perfect world, you’d find a tenant who lives in your rental property from now until the end of time.But the truth is, we don’t live in a perfect world — and chances are, at some point, you’ll have to transition an old tenant out and a new tenant in.Having a smooth transition process …
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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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7 Simple Kitchen Renovations to Boost Your Rental Property’s Appeal and Price Point
There are plenty of things that tenants consider when viewing a potential rental, but there are few things more important than the kitchen.For many people, the kitchen is the heart of the home. It’s where they assemble their Thanksgiving meal, it’s where they bake their holiday cookies, it’s where …
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When Should You Raise the Rent on Your Rental Property?
Rental properties aren’t cheap to operate. They come with costs — and many of those costs are variables. Taxes rise, maintenance costs increase, and insurance rates climb. So when do you get to raise the rent to help cover your expenses?Contractually, you can’t raise rent during the term of the …
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How Long Do Rental Property Appliances Last – and Who Replaces Them?
As an investor, it’s important to provide your tenants with a safe, functioning home environment — and that includes working appliances.One of the first things tenants will look for in a rental unit is appliances — does the unit have new, modern appliances? Are all the appliances in working order? …
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How to Craft a Rental Lease Agreement That Covers Your Assets
Have you ever tried to play a game without any rules? It probably didn’t work out so well.Part of playing a game that actually works is clearly laying out rules for everyone to follow. Without solid guidelines, someone gets mad, misunderstands, or violates some unspoken rule that the other person …
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11 Rental Property Maintenance Problems You’ll Likely Encounter (& How to Solve Them!)
An after-hours call from a tenant is rarely a good thing. If your phone rings after dark, there’s probably a rental property maintenance problem. So, when that call comes, what should you expect? Are you prepared? Here are the most common maintenance problems you'll encounter as a landlord and …
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Should You Allow Tenants to Sublet?
As a property owner, you hope to find incredible tenants who stay in your unit for years at a time. But the fact of the matter is, that doesn’t always happen. Your tenants may decide that renting isn’t for them and they’d rather invest in purchasing their own home. A new job or a family issue can …
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How to Increase Rent While Keeping Your Tenants Happy
Raising rent is inevitable. If you lease your property long enough, you’ll see an increase in property values, which results in increased taxes. Or you may notice an improvement in your neighborhood that prompts the market rent in your subdivision to jump. Sometimes, inflation simply demands a …
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