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Rental homes can be furnished or unfurnished depending on what your target renters need. Most families already have furnishings and appliances so furnished units can mean doubling the items in their home. They tend to prefer unfurnished units to avoid dealing with this situation. On the other hand, students or those entering the workforce for the first time may need to rent homes with a complete setup where they can move in right away. To determine which one fits your goal, check out the pros and cons of having a furnished or unfurnished rental…

The right marketing techniques can bring in a lot of prospective tenants to your rental property. One of the ways to advertise, aside from professional photos, is by creating a video tour. Video tours are a trend nowadays considering that few people have the time to commute to see a unit in person. At first, you might find the idea intimidating but it doesn’t have to be. You can hire a professional or do it on your own. You also don’t have to purchase high-end video cameras because your smartphone can be a powerful tool when used the right way.…

A rookie landlord may decide to self-manage a rental property to save on costs. You might be hesitant and think that your property will not be given the attention it deserves. Contrary to your thoughts, having the full support of a reputable property management company will do wonders for your rental business. In fact, there are several benefits one can derive from hiring a property management firm. Here are some of them: Legal Expertise Since property management companies’ core services focus on managing a rental property, they’re incredibly k…

As a landlord, your aim is to always keep your renters happy. By achieving this, you’ll be able to naturally conserve your energy and resources in rental management. When you maintain the happiness of your renters, it means that the areas of property management you've been continually implementing and improving on are paying off. Knowing what exactly it is about your property that inspires this joy will also allow you to continue those practices moving forward in the rental business. Here are areas you can focus on and remain consistent with to…

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…