Modern Landlord

Resources for Modern Landlords
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Renting To Immigrants: What You Need To Know

Renting to immigrants presents its own unique opportunities and challenges. There are cultural and language barriers that exist, finding employment for recent immigrants is often a challenge, and they have no credit history. This article will discuss the potential opportunity that renting to immigrants presents, the obstacles that exist, and how you can be prepared. Renting to Immigrants: A Demographic Shift Within the next two decades immigrants will make up…

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What You Need To Do When Renting Your Property

Whether it’s your first property or your hundredth, tenant turnover is one of the most difficult and expensive parts of property management. Renting your property once a tenant has moved out is the most important step in the tenant lifecycle. When renting your property, there are a number of important considerations to take into account to both maximize the rent that your unit will receive but also to minimize the amount…

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Landlord Insurance: Is your rental property insured?

You may have homeowners’ insurance on your own house but what about your rental property? There is a such thing as landlord insurance and you should get it. What is landlord insurance? Landlord insurance is put in place to ensure that your rental property (and by default, you) are covered. Generally, landlord insurance covers standard environmental disasters such as earthquakes, storms and floods. It also covers fire, water devastation, theft…

If you own multiple rental units, a property manager can help.

7 Tips to Keep Your Tenants Happy

How to Keep Your Tenants Happy Once you’ve found great tenants, the easy part is finished. Now the hard part begins. Avoiding tenant turnover by keeping your tenants happy goes straight to your bottom line. Happy tenants are three times more likely to renew their lease. If you’re a kind, responsive and flexible landlord, you’re halfway there. Keep your tenants happy and in your unit by following these seven tips. 1….

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Property Management fees Part III

What to charge for property management fees is a difficult question that every company must face. Setting them to low will leave money on the table. Set them to high though and you’re likely to have less customers. Finding that middle spot is always the goal. If you haven’t read Property Management Fees Part I or Part II, you might want to start there. In this article we’re going to…

Own multiple rental units/properties? Hire a property manager to take care of it for you.

Understanding the U.S. Rental Market

The U.S. rental market has seen unprecedented growth over the last decade. Due to stagnant wages and poor economic outlooks more Americans are renting than at any other time in the past 40 years. This presents an opportunity. Understanding the U.S. rental market is key to making educated financial decisions for your business. Understanding the U.S. Rental Market: Demographic Shifts Between 2004 and 2012 the percent of the U.S. population renting…

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Five Must Ask Questions for a Rental Applicant

Finding an ideal tenant is a numbers game. Most tenants will quickly be disqualified in the screening process as unsuitable for your rental property. The more applicants that apply the better your chances are of finding a good tenant. Using these five questions will help you quickly assess the quality of an applicant for your property and improve your chances of avoiding bad tenants. The five questions that you need…

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