Sometimes we view something as an expense, but it could provide more value and should be categorized as an investment instead. A concrete example is rental renovations. You may consider the costs of improving your unit as a negative cash flow but in reality, you may be making headway for a future positive cash flow. A major reason landlords perform rental property renovations is to limit vacancies. Adding more value to your rental engages more potential tenants and inspires your current renters to renew their leases. You should aim to offer yo…
Should I Rent or Sell My House?
Are you a homeowner pondering whether to rent or sell your house? It's a common dilemma, and deciding between these two options can feel overwhelming. Both choices have unique benefits and challenges, what works best often depends on your personal circumstances, financial goals, and market conditions. Renting out your property can provide a steady stream of income and potential tax advantages, but it also comes with responsibilities like maintenance and tenant management. On the other hand, selling your house might offer a substantial lump sum…
How to Write a Good Property Listing
Are you struggling to grab the attention of potential tenants with your property listings? Crafting an effective property listing is more than just a description—it’s your chance to make a great first impression and attract the right tenants. Whether you're a new landlord or a seasoned property owner, mastering the art of writing compelling listings can make all the difference. Well-written listings help your property stand out in the rental market, attracting quality tenants. In this guide, we'll walk through practical strategies to help you…
Essential Tips for First Time Landlords
Deciding to become a landlord for the first time is both an exciting and challenging venture. Whether you're renting out a property as an investment or managing a single rental unit, there are essential tips and best practices that can help you navigate this new role effectively. Here are some crucial tips by Lone Eagle Property Management for first-time landlords to ensure a smooth and successful experience! 1. Understand the Legalities One of the first steps to becoming a successful landlord is understanding the legal requirements and regulat…
Tips To Keep Your Home (and Investment) Safe
Are you doing all you can to protect your valuable property investments? As a landlord, safeguarding your real estate assets is not just about securing a financial investment. It's about ensuring peace of mind for both you and your tenants. In this article, we'll explore practical tips that can help you keep your properties in top shape and your rental income secure. From the latest in smart home security to simple maintenance checks, these strategies are designed to boost both safety and value, ensuring your real estate investments continue to…
Lone Eagle Management excel in every way. They are professional at every turn, whether dealing with a crisis or a simple request. They are extremely knowledgable, responsive, reliable and trustworthy. I highly recommend them and will continue to use them to oversee my properties.