As a landlord, your main goal is to facilitate a steady stream of rental income. With more and more payment tools in the marketplace, many landlords are becoming more open to accepting credit card payments for rent. Like every other financial decision you make, letting your tenants pay their rent via credit card has both […]
For landlords looking to make a bit more on monthly rent payments, renting out multiplex apartments is a very attractive option. These rental properties offer the unique advantage of containing multiple distinct living units at a lower upfront cost than two separate units, as well as being easier to maintain and manage. Whether you’re a […]
Living in a rented property can be hard on people. Ultimately, it’s another layer of the unknown in a world full of uncertainty. Similarly, any landlord would want to keep good tenants for as long as possible — it saves plenty of money and trouble. Although both tenants and landlords might visit insurance agents to […]
Every year, property managers have to take time to revamp their strategies. From making moves in their personal career growth to making big profits for their clients, there’s a lot of work to be done. What’s more, you have to keep an eye on the changes in the rental industry and be proactive if you […]
Just as landlords have certain expectations from tenants, such as paying rent on time, tenants also have assumptions that a landlord is fully aware of their responsibilities, such as providing a secure and habitable space. While landlords have many duties that go beyond simply collecting rent and performing obligations under the law, they often also […]
A property landlord has many responsibilities, but none should be greater than the safety of their tenants. When it comes to the property checks that you need to make, electrical safety should be at the very top of the list. There are now mandatory inspections to ensure that your property is safe and up to […]
The emergence of the sharing economy created a new business opportunity for many property owners: short-term rentals, as opposed to long-term tenants. This article will cover the main pros and cons of short-term renting so you could decide if it’s the right call for you as a landlord. Also, we’ll give you some advice on […]
Here, at the LandlordTips blog, we know that being a landlord can get difficult sometimes. No matter if you’re an experienced real estate pro, or it is your first property you’ve ever rented out, you might have some difficulties with pretty common activities. For example, many landlords got puzzled over an easy question “How should […]
Besides interviewing potential tenants, collecting the monthly rent, and tending to necessary repairs, one of the most important landlord’s tasks is to keep the tenants, everyone’s belongings, and the property itself safe. In this line of business, reputation is a crucial element of success, which means that if you don’t do anything about making your tenants feel […]
In the past, any green upgrades done on rental properties were considered to be more of a luxury rather than a necessity. As beneficial as they were in cutting costs and helping the property in question to stand out among the rest, they were just optional. However, things have changed with the arrival of Millennial and Gen […]