November, 2016 RSS Icon
Found 3 entries for November, 2016.

As a landlord, you need to be prepared for anything. While the vast majority of tenants will be quiet, clean and polite (for the most part); almost every landlord that has been around for a while will have a story about at least one tricky customer.

Whether you have a drummer in a rock band who insists on playing loudly into the small hours, a tenant who is flagrantly subletting your apartment or someone who thinks they’re entitled to redecorate the property… you need to be ready to respond.

Then there are the situations where the tenant is perfectly pleasant but you need to change the terms of your contract for whatever reason. Again, you need to know how to proceed in order to secure the best deal for everyone involved.

Fortunately, landlords

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Choosing to make an investment in real estate, especially rental properties, can be an incredibly rewarding decisions and business can scale rapidly.

Many investors start by purchasing a single rental property and leverage those assets into multiple properties creating a compound return on their initial investments. However, more property means more of a need for management of those properties. And as appealing as investing in properties can be, it takes a special type of person to be equally as passionate about managing them.

Property management can be incredibly time-consuming and very stressful, especially for newer investors. That’s why so many investors outsource their property management as soon as they can. Hiring a property management

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Ensuring that you’ve found a quality tenant often requires rolling up your sleeves and doing a little investigating of your own. The right information won’t just come to you, and unfortunately, the typical verification methods are rarely enough. It’s easy enough to falsify rental applications, and not always easily recognizable, so landlords need to do their own research and double-check the facts.

To start, always run your own credit report. It may seem like the potential tenant is helping you out by providing a credit report for you. However, this option leaves room for the applicant to doctor numbers. Don’t take the risk: Just run your own report.

Along those same lines, double check the proof of residency and proof of employment. Today, most

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