Short-term property managers around the globe share a common goal – to increase their vacation rental occupancy rate and boost profit. So, how do you maintain a healthy rental occupancy rate? The answer is that your property should attract guests all year round and not just during peak season.
Our philosophy includes the doctrine that states that landlords and tenants should get along to make a successful case. To make that happen, we recommend you paying more attention to the needs of your renter. One of the basic needs of an average tenant in the rental apartment is how your apartment gets through the […]
Being a landlord is not all fun and games. In order to protect both yourself and your tenants, you need to be responsible in your new role. After all, renting a place is not just about taking a couple of photos of a furnished place and calling it a day. You need to make sure […]
Landlords need to keep their rental units in pristine condition. The common belief is that landlords need to spend half their rental income on repairs, which seriously dips into their overall profits. Roof repair and air conditioning repair are expensive, but there is a better way to deal with expensive rental repairs. Many landlords spend […]
One of the great advantages of rental properties over stocks is that investors can predict returns. Not in a vague, over-the-next-ten-years sense. But in an immediate, this-is-how-much-I’ll-earn-this-year sense. Calculating rental cash flow is simple and straightforward, yet most new real estate investors still get it wrong. Here’s exactly how to predict a rental property’s cash […]
Do you own a condo or plan to buy one soon? You’ve got to deal with HOA and their monthly or annual fees that they want you to pay for their services. But first, let’s do a small research and see who are these people and why you should pay them those fees.
Real estate is considered passive income, but for many owners and investors, maintaining cashflow feels far from “passive”. In an ideal world, landlords wouldn’t have to participate in the everyday operations of maintaining a rental property in order to generate ROI. But in the real world, they have a lot on their plates. To make […]
Rendering a habitable living space is the primary responsibility of the landlord. State and municipal regulations may differ on the points of what that means. However, in every state, it’s explicit that landlords have to provide a warm and sanitary place. It needs to have a toilet, shower or tub, wash basin and a kitchen […]
There is a profound difference between the amateur landlord and the professional landlord. Inexperienced landlord treats the rental as a side-kick, a source of passive income almost like stocks. In contrast, the professional landlord acknowledges that renting out is a business, a full-scale industry with its own rules. The essential quality of every successful business […]
Should You Hire a Property Manager? Not every rental business require a property manager. That really depends on the multitude of factors: number of properties, experience in Real Estate, the remoteness of properties, etc. Nevertheless, the right property manager can be a game-changer and significantly increase the efficiency of your enterprise. In order to find […]