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Attracting a tenant to your New Jersey rental property can be challenging at times, especially if you’re new to the business. And that’s why some landlords turn to rent concessions to help them land their first tenant. Simply put, a rent concession is a temporary offer that a landlord might make in order to attract or retain a tenant. Rent concessions are also known as short-term incentives. The goal of giving them is to minimize the vacancy period, which can prove to be costly in the long term. While rent concessions may mean reduced incomes…

You can attract more potential tenants if you know the right way to advertise your rental property. The proper marketing strategy can result in having good occupants because they will target your ideal tenant demographic. When you have the right tenants, you can save more and maintain the condition of your property. There are also fewer worries of large property damages and costly evictions. By following advertising tips and tricks, you can find wonderful tenants and reduce vacancies. Tip 1 - Take Great Photos A picture is indeed worth a thou…

One of the many responsibilities landlords have is collecting payment. And while it can appear easy, it often isn’t a walk in the park. Late or missed rent payments can become a regular thing, especially if you rent to the wrong caliber of tenants. Having a good method to collect rent payments is one way of ensuring tenants pay rent on time, every time. Also, the right method will ensure you are able to keep track of all rent payments for easier record-keeping. In this article, we’ll look at the various different options for collecting rent p…

Having long-term tenants greatly depends on the relationship a landlord fosters with their renters. You need to be there for your tenants and care for their needs if you want them to feel valued and appreciated. You cannot wholly rely on the condition of your property and its amenities to keep them happy. If you can listen to a tenant's needs, help them adjust to the property, and make sure that they understand the terms of the lease as well as their rights as a tenant, you’re more likely to see them become long-term tenants. In this article, …

Buying an investment property in New Jersey is the first step to generating passive income. Next, you’ll need to ensure that you rent to a great tenant. But how exactly do you find a great tenant to rent your property? By having a thorough tenant screening process. Today’s blog will take you through everything you need to know about screening tenants. Know What Kind of Tenant You Want Begin by thinking about the kind of tenant you want to rent your New Jersey rental property to. Once you have something in mind, think of some criteria that wil…