Staging rental properties is a combination of cleaning and strategic decorating that encourages renters to develop a strong first impression of the property. It shows the rental in its best light so that renters are more appreciative of the positive aspects of the property, rather than focusing on some of its less attractive features. Many strategies …
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How to Perform the Perfect Rental Property Showing
A rental showing is a landlord’s first chance to meet interested renters in person. During showings, you’re able to walk prospective renters through the unit, hit all their sell points, and answer any questions renters might have. Few renters want to sign a lease without physically seeing the property, which makes rental showings a must. Showings come …
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Understanding Your Market to Increase Rent Price
The simplest, most effective way to increase your revenue is to increase the rent you charge. But increasing rent price can prove costly – fewer tenants will be interested and your property may lie vacant for longer than you’re comfortable. To increase rent price, it’s important that you first justify that increase. There are two ways to do it: …
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Adding Tenants to an Existing Lease
If you’re a landlord, you’re well aware of the importance of leases. They act as legal protection from everything that can (and will) go wrong during a rental term. As such, it is necessary for leases to be customized for each rental situation and updated as changes are made. There are plenty of reasons why a lease agreement might need …
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Things to Consider When Renewing a Lease
Deciding to renew a tenant’s lease comes with many considerations. Some important questions must be answered. Is the tenant a good candidate for renewal? When should you ask a tenant to renew? Should you increase their rent? If so, by how much? And the list goes on. Creating an agreement with all of the necessary lease terms can be …
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Taking the Perfect Picture for Your Rental Listing
Pictures are one of the most important factors to consider when creating successful property listings. According to the National Association of Realtors, over 85% of renters say the listing’s photos are the deciding factor in choosing which properties to view. With those numbers, it’s clear that the photo-taking process deserves your attention. Taking the perfect picture of your rental property …
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5 Ways Landlords Can Minimize Tenant Turnover
Every day that your property or unit remains vacant is another day that you aren’t getting paid. Having long periods of tenant turnover can seriously hurt a real estate operation. Don’t let this happen to you. We have curated a list of 5 tips to help you minimize tenant turnover, and therefore maximize profit. Find Good …
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How to Write the Perfect Craigslist Listing
Even with so many online listing sites available today, landlords find that Craigslist can still be a successful way to find interested renters. The site is over 20 years old, and it surely has its drawbacks, but its price (free) and steady traffic has kept landlords coming back, and the bottom line: craigslist still works for rentals. But this popularity also …
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How to Create a Virtual Tour for Your Rental Property
Virtual tours have become a hot topic in the real estate world. It’s a common misconception that online tours are only for buyers and sellers, not for renters and landlords. It’s time to forget that notion. Virtual tours can be a huge advantage in your property marketing, giving you an edge over your local competition. Here are the …
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Improve Your Existing Property to Increase Rent Price
One of the best ways to increase the profit your properties generate is to increase the rental price you can justify charging for them. A sure-fire way of doing so is to improve the property as it currently exists. There are a wide variety of different ways you can improve your units and properties to …
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