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Understanding what maintenance issues demand immediate attention and what can wait until regular business hours is crucial for keeping a rental property running smoothly. Emergencies can endanger the lives of your tenants and cause serious property damage. In this article, we'll explore what constitutes a maintenance emergency, what can wait to be resolved during regular business hours, strategies for managing emergencies, and how to cultivate positive relationships with maintenance vendors. Additionally, we'll discuss preparation tactics for…
Continue Reading...Each landlord’s ultimate goal is to earn a consistent return on their real estate investment. To achieve this, it’s essential to attract long-term tenants. Long-term tenants will allow you to have a steady stream of rental income for your property and reduce tenant turnover, ultimately saving you time and money. Another good reason to have renters for the long haul is that you can cultivate a positive landlord-tenant relationship and have trustworthy tenants. This article discusses the ways to attract more long-term renters into your rental sp…
Continue Reading...Allowing pets into your rental property can be a great way to increase your rental income. However, many landlords may have some concerns with dealing with possible pet damage or noise issues. This can be easily resolved with a strategic and thorough pet screening procedure. In this article, we will cover the essential aspects to include in a pet screening process and what to look for when screening your tenant’s pet. What Are the Advantages of Pet-Friendly Rentals? There are many benefits for landlords who accommodate pet owners, including th…
Continue Reading...Hundreds of properties are listed for rent every day. If you want your rental to succeed, you need to make it stand out from the rest. Renovating your property is a great way to do this! After all, renters prefer well-cared-for homes, and renovations show that you care about the condition of your rental. When you upgrade your rental, you’re more likely to find a great tenant to sign a lease agreement! While it may seem like a big investment, renovating your rental property is worth it. Renovated properties have a higher value, and renters prefe…
Continue Reading...Renting out your home in Newport News, VA, can be a great financial decision! When you lease out a property, you can earn stable passive income while growing your equity. However, to ensure your rental succeeds, you’ll need to find great tenants that want to stay for the long term. That’s where a thorough tenant screening process comes in! Though many landlords skip this step, tenant screening can save you a lot of time, money, and energy in the long run. A comprehensive tenant screening process lets you spot problematic tenants from the get-go…
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