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 for your rental 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 renter you want to rent your New Jersey rental property to. Once you have something in mind, think of some criteria that …
How Often Should a Landlord Inspect a Rental Property in New Jersey?
Regular and comprehensive inspections are a vital part of property ownership and leasing. It’s the basis for repairs and property maintenance and also ensures that the property remains in tip-top condition. This post will help advise landlords on why inspections are necessary, the frequency at which they must be conducted, how they help avoid maintenance emergencies, and their benefits. The Need for Inspections You have likely places substantial resources to acquire your New Jersey property. And similar to any other investment, it’s important t…
The Benefits of Renting to Tenants with Pets
Opening your rental property to tenants who own pets can present both advantages and risks. You need to weigh the impact and determine whether being a pet-friendly rental is suitable for you. As a property owner, if you do accommodate renters with pets you need to include a pet policy in your leasing agreement. This post provides information to consider when deciding whether or not to welcome tenants with pets in your rental space. Advantages of a Pet-Friendly Rental Initially, landlords may be opposed to allowing pets in their rental propertie…
Should You Rent Your House Furnished?
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…
How to Create a Video Tour of Your 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.…
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