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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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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