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The value of your rental property can increase over the years if it’s well managed. Properly taking care of it will also save you from spending astronomical amounts for repairs. In fact, if you’re consistent in inspecting your unit, it will save you time as well. Rather than facing a time-consuming repair situation, you’re assured that you’ve caught problems early on. Here are some tips you can apply in your rental property to maintain its attractiveness: 1. Regularly schedule exterminations At first glance, this tip might sound costly. However…

Tenants moving out are part of dealing with a property rental. The next step is for you to prepare your rental unit for property showings. To successfully market your vacated unit, cover all the bases that prospects will be checking. Being prepared will help you reduce the stress of tenant turnovers. Below you’ll find recommendations to make your property rent-ready: 1. Immediately launch your property onto multi-listing sites Time is crucial if you want to save on maintenance expenses. Advertise online and offline. Spread the news to your netw…

The beauty of having long-term tenants is being spared from additional expenses. Frequent turnovers mean periods of vacancies as you market the freshly vacated rental unit. When you have an unoccupied rental space, you’ll also be parting with your financial reserves for maintenance bills. Along with that come marketing costs. Aside from monetary spending, a landlord is also required to have wider pockets of time to conduct tenant screenings. Thus, it makes more sense to focus on gathering long-term tenants. Here are ways to inspire renters to s…

Would a bank release a loan to someone without a contract agreement? No, the bank wouldn’t. It’s the same way with renting out your property. You’d want to make sure that a clear lease agreement exists and is signed by you as the landlord and the renter. A leasing agreement binds both parties and contains the landlord’s responsibilities, policies, clauses, and disclosures. A solid lease agreement will also act as a guideline to procedures for specific situations. It provides details such as the methods of rent payment available and how to repor…

By Mary Ryan, Contributor Thanks to Chip and Joanna Gaines, Martha Stewart, HGTV, DIY Network, Pinterest and numerous other home-focused professionals, programs, websites, blogs and publications, home improvement and house flipping have become trends embraced by nearly every American on some level. The general public is now privy to a secret that commercial investors and property owners have known forever: strategic improvements can add outsized value to assets, whether you plan to hold it for the long or short term. For many of these commercia…