Getting scammed by a fraudster is, at best, infuriating, and at worst, terrifying. Let’s be honest: If you get scammed in the course of doing business, the consequences could be devastating. Unfortunately, while fraud can be scary stuff, it’s a part of the reality of doing business, and it’s something everyone deals with on some …
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What is ACH? How does it work?
The world is becoming paperless. People prefer digital payments to cash and checks. One of the biggest players in this movement is the Automated Clearing House, or ACH. You’ve likely heard of ACH payments but perhaps under the guise of eChecks. These terms are synonymous and represent the same quick, convenient, and inexpensive way to …
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8 Myths of Online Payments
It’s no secret that people prefer to shop online. If the massive growth of online stores like Amazon is not evidence enough, let’s look at a few stats. In 2018, an estimated 1.8 billion people worldwide purchased goods online. In that same year, global e-retail sales amounted to $2.8 trillion. Projections show that this number …
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How Your Mobile Phone Makes Rent Collection Much Easier
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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