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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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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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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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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Adding Fees to Increase Rental Revenue
Landlords often use the word “rent” to stand in for their income. But what they really should be saying is “revenue,” because, while rent is typically the primary revenue stream for landlords, there are many other great ways to increase your take home. Your goal should never be to charge tenants unfair fees, but still, there are …
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Implement High-Tech Features to Increase Rent Price
There are a number of ways to increase rent price for your rental properties. Before you begin, it’s critical, however, to understand your market. Basic cosmetic improvements may be the most you can move the rental needle, but that’s not always the case. Particularly if you’re in an area with a high number of Millennial and Generation Z renters, …
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8 Ways Landlords Can Lower Utility Costs
One of the greatest expenses that landlords face is the cost of utilities. Even with tenants paying for heat, water, and electricity, common area utilities are likely still a considerable drain on your monthly income, especially if you have vacancies. The good news is that landlords have a myriad of options when it comes to reducing their …
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Best Rental Listing Sites For Commercial Properties
With the rise of rental listing sites, creating competitive rental listings is a must. Renters scroll right past listings that blend in with the crowd. But sometimes writing the perfect rental listing isn’t enough to lock down applicants for your vacancies. In order to efficiently and effectively reach renters for your commercial properties, your listings …
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