We’ve Come a Long Way with Mobile Technology In 2007, Apple released its first iPhone. Unlike other smartphones, Apple’s was made for everyone for everyday use, and unlike predecessors, the iPhone had touch technology. A lot has happened in the 13 years since that first iPhone hit the market and infiltrated American life, and now, …
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How To Handle An Inherited Lease?
When purchasing an investment property, more than likely, that property already has tenants under lease. When you close on the building, those standing leases will become your leases. Most commonly, as long as they abide by the agreement they signed, the tenant will have the right to stay in the property under the terms of …
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How to Collect Rent Online?
It’s no secret that we’re moving toward a paperless world. From television and social media to shopping and ordering takeout, we are all relying on the internet more than ever. A study by TSYS of 1,000 Americans found that 75% of people would rather pay by card than with paper bills and coins. Another study …
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How to Get Rid of a Tenant Who Won’t Leave After their Lease Expires
There’s nothing more distressing to a landlord, property owner or manager than having to remove a tenant who refuses to leave when their lease expires. It can be an expensive and time consuming process. Moreover, the entire procedure is full of bureaucratic red tape and legal land mines. There are, however, some simple steps one …
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5 Tips for Better Virtual Tours During Coronavirus
Leasing activity has plummeted in the past two months in major cities around the country, almost entirely as a result of the coronavirus crisis. Potential tenants are uninterested in putting themselves at risk to take a look at a property they may or may not want to rent. Those that can are staying in their …
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4 Questions Your Insurance Agent Would Ask If They Were Buying Your Rental Property
The following article was written by Brad Winters, a commercial insurance specialist of Winters Financial Network. Insurance agents have a lot of crazy questions and agents that insure rental properties are no exception. Ever wonder what it all means? As a rental property insurance agent and a rental property manager myself, I can attest, there …
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Five Government Programs That Will Help Landlords Through the Coronavirus Crisis
COVID-19, also known as the novel coronavirus, has caused unease around the world. A health crisis has compounded into an economic crisis, and, as a result, many families are unsure where their next paycheck will come from. To help Americans keep food on the table and cover their expenses, the federal government has decided to …
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Legal Checklist When Buying a Rental Property
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 rent 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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