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It’s every landlord’s dream to land great tenants. Great tenants are respectful, care for their rented premises, abide by all rental policies, and pay rent on time. However, great tenants aren’t something you stumble upon. They come by design! In this blog, you’ll learn 7 tips on how you can find great tenants for your rental property. Get to Know Your Target Renter Know who your target tenant demographic is for your rentals. Is it students, families, or professionals, for instance? Knowing this will help you craft a rental ad that speaks dire…

There are several reasons why you could choose to become a long-distance landlord. Maybe you have to move for work, you can decide to lease your current house instead of selling it. Or perhaps you found a fabulous new investment venture in another city and choose to be closer to it. Whatever the circumstance, being a long-distance landlord is doable. That said, there are some tips that you’ll need to know in order to find success. You can deal with your investment properties from a distance to expand your portfolio by utilizing the strategies l…

As a rental owner, you’re bound to come across tenant damages. However, you can take proactive steps to reduce the damage caused by a tenant when it occurs. This article provides useful tips for mitigating the tenant damage you may face in the future. Set Up a Proper Tenant Screening Procedure If you perform an extensive tenant screening, you’ll be able to filter out the problematic tenants from contention. Check their references and call up previous landlords. The more information you can learn, the better. It’s important to learn how tenants …

Prior to advertising the vacancy of your New Jersey rental home, you need to assign a rent rate. A lot of factors must be taken into consideration before the rent price can be set. The optimal price captures more prospects and enables you to enjoy a solid income. If you want to know how to set the ideal price for your rental, keep on reading! Factors for Pricing Comparison To come up with the right rent figure, scouting your competition is essential. Look out for rentals that have a similar appearance and amenities to yours. You can start by do…

A 1031 Exchange is the nickname used in reference to Section 1031 of the U.S Internal Revenue Service Code. It allows a real estate investor to sell a property and reinvest the proceeds in new investment without paying capital gains. There are some conditions that you must meet before you can do a 1031 Exchange in New Jersey. The following is everything you need to know in this regard: The Properties in the Exchange Must be Used for Business or Investment Purposes According to Section 1031 of the Internal Revenue Code, properties in an exchang…