In many situations, a vacation rental is a more cost-effective and accessible solution to staying in a hotel. However, holiday rental property owners may face substantial challenges in keeping a profitable rental property. Profitable vacation rentals require a solid business model, competitive pricing, and a consistent flow of guests.&nbs...
You're about to hand over your keys to your trusted property manager, and you're ready to lay back and relax while the manager deals with your problems. Everything from finding tenants to collecting rent is taken care of - however, are they someone you can truly trust?Did you know someone can be an all-star property manager and st...
So you're a property owner trying to figure out if you can handle everything on your own or if you should outsource your property management tasks. Income from owning property should be passive income. You can spend your time earning in another way. Is that passive income from the property enough to get you by or keep you comfortable?...
One of the most common mistakes renters make is skimming over their rental agreement prior to signing it. While reviewing the fine print when signing an apartment lease can be intimidating, it is definitely worth the effort to know precisely what you're committing to.Knowing what questions to ask while signing the lease help...
Landlord insurance isn’t a luxury anymore; it is a necessity. And not just because it protects your rental unit from damage or misuse. Rental income isn’t always guaranteed, especially during extreme weather events when occupancy rates may be at all-time lows. Landlord insurance might cover the loss of rental income during the...
The last two years may have held the economy hostage with mass layoffs, disrupted supply chains, and the real estate market's impending crash, things have changed for the better in 2022. Investors are no longer on their toes due to an unpredictable economy and many businesses, especially those operating in the service industry, have a...
Property managers and landlords alike who look after residential properties have to deal with a wide range of problems, including tenant affairs, the flow of money, and property management. They might appear straightforward at a glance until you dig deeper. If life was only as simple as collecting the rent on time.Let’s take a curso...
Experian, TransUnion, and Equifax recently announced that they will remove medical collection debt from credit reports starting July 2022. This will clear out roughly 70% of medical debt from the credit reports of US consumers. Another planned change is extending the timeline of reporting unpaid medical bills from six months to one year.&...
When a landlord signs a lease agreement with a renter, they're essentially assuring that they're going to hold up their side of the bargain. Even though a landlord's responsibilities can vary from one state to the other, some societally-acceptable morals suggest that there are some vital elements they need to look after, and w...
Security deposits are an important tool for landlords since they can protect their property from unforeseen damages. Essentially, a security deposit is an amount the tenant pays when their lease begins. It can help a landlord when a tenant cannot pay their rent or has caused damage to their property. When security deposits aren&rsquo...
