There are countless articles, books, and conferences instructing budding landlords on how they can get started in real estate and grow a substantial and formidable portfolio of income earning properties. For the most part, this is a good thing – property investors have a great deal more information available to them than ever before. Prior …
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Why Landlords Shouldn’t Use PayPal or Venmo to Collect Rent
The Rise of Mobile-Payment Apps Mobile technology has changed the way people exchange goods and services every single day, especially among younger generations. As eCommerce has grown, so have mobile wallets, reducing the need for cash or paper checks. Applications like PayPal and Venmo have taken things one step further by making peer-to-peer (P2P) money …
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The Pros and Cons of Setting Up Rent Payments Through Your Bank
Collecting rental payments online for the first time is one of the most liberating and convenient things a landlord can do. Inevitably, most landlords start their search with a platform with which they have a great deal of familiarity – their bank. In addition to providing you with basic banking services like business and personal …
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Four Ways Online Payments Enhance Transparency for Landlords
Online payments offer landlords many benefits. For one thing, they make day-to-day and month-to-month bookkeeping easier for landlords. For another, they make it easier for landlords to grow their business and manage more properties and tenants. Online payments make the collection process simpler and more efficient, saving landlords time and often money. SIDEBAR: The Limits …
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The Impact of Cryptocurrency on Real Estate and the Rental Market
Technology is changing the world around us faster than ever before. An area where significant advancements have been made in the last few decades is payment processing. Great strides were made moving from cash to card, from physical payments to digital payments, and from desktop to mobile. Cryptocurrency appears set to be the next major …
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Plumbing Basics for Landlords: Piping Materials
Whether you’re evaluating a potential investment property, estimating a maintenance budget for the year, or quite literally investigating a potential plumbing repair, understanding the types of pipes and materials in your building can be a critical ingredient for a property manager and investor. Below, we discuss common piping materials, their positives, negatives, and their usage. Common …
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Plumbing Basics for Landlords: Landscaping and Repairs
Before making any decisions regarding the replacement or repair of your plumbing, or, before undertaking any major project that might disturb or affect the plumbing on your property, make sure you have a fundamental understanding of plumbing ownership as well as the different types of materials used in piping. Once you’ve got the basics, it’s time to start considering other aspects that impact your …
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Plumbing Basics for Landlords: Understanding Piping Ownership and Responsibility
Unless you’re a certified master plumber, or you have had serious issues with the plumbing at one of your properties or in your own home, you probably don’t think about your pipes much. After all, most people take functioning plumbing for granted. Once things are down the drain, it’s “out of sight, out of mind.” You might be in a …
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Plumbing Basics for Landlords: Tenant Problems and Prevention
The best-laid plumbing of mice and men can still encounter catastrophic failure… or something like that. Proper piping maintenance is not simply about keeping the heat above fifty-five degrees in the winter (although you should). In fact, there are a number of ways you can treat your pipes and drains and you can train your tenants to treat your pipes and drains that will go a long way in …
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Millennials Aren’t Buying Homes – What Does that Mean for Landlords?
Achieving the American Dream has long meant owning a home, but today, that idea may be doing more harm than good, particularly for Millennials. Homeownership has traditionally symbolized that a person was established, both financially and socially. And until just earlier this century, it was viewed as a sure-fire way to build wealth. Unfortunately, it’s …
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