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Effective Strategies For Rent Collection and Late Payments

Effective Strategies For Rent Collection and Late Payments If you are a property manager, you may having difficulty trying to deal with tenants that choose to always pay their rentals late. In this article, we will be sharing some effective strategies for rent collections and late payments. Study Local Lease Laws: Firstly, before you approach any of your tenants regarding the issue of late payments,...

The Pros and Cons of Renting vs. Buying Real Estate

The Pros and Cons of Renting vs. Buying Real Estate The decision to rent or buy a home is one of the most significant financial choices an individual can make. Both options have their advantages and disadvantages, and it ultimately comes down to personal preferences and circumstances. In this blog, we will discuss the pros and cons of renting vs. buying. Pros of Renting Flexibility: Renting provides...

Are You Too Young To Rent Or Buy?

I should pose this question to someone born in the 1980s. It is time to break the cycle of building or buying property when you are older and retired. When is the right time to buy a house? NOW! Are you too young to rent or buy? No. No need to check how old you just turned, as long as you are thinking of renting, it's time to buy your own place, and after that buy another house so others can rent from you....

Tips For Finding A House To Rent

Tips For Finding A House To Rent Finding a house for rent can be tedious, especially since pictures today don't do justice to the real view of a property. However, this tedious ordeal can be made easy. Here are some tips to help you on your adventure. Have An Idea Of What You Want Firstly it is very important for you to have an idea of what you are looking for. Sometimes it is just not enough to...

What is a rent guarantor?

What is a rent guarantor?

Most landlords will run background checks on potential tenants before renting to them. Part of the reason landlord's carry out background checks is to ensure that tenants can pay their rent. Don't worry if you don't match the income requirements; you'll still be allowed to rent. However, you may be required to provide a rent guarantor. So, what is a rent guarantor? Continue reading to learn more about what...

Should you rent or buy a home?

Should you rent or buy a home?

Should you rent or buy a home? Conventional wisdom holds that owning a home is wiser than renting over the long haul. Buying a home is undoubtedly a significant life decision, but is it the right one for you? Of course, there is no one-size-fits-all answer, as both renting and buying have advantages and disadvantages. Personal finances play a significant role in anyone's decision-making process. In most...

Ways to market your property to millennials

Part of being successful in the real estate business is knowing your target audience or market. When you know your market, it becomes relatively easy to create solutions that meet their housing and lifestyle needs. If your rental property is located in an urban area or college town, then millennials should be your target. As such, it is crucial to understand how to effectively reach your target audience....

The best ways to collect rentals from tenants

One of the most important aspects of property management is collecting rentals when they are due. As a professional property manager, you probably oversee the management of various properties that are located in various areas. With this in mind, it is imperative that you identify and implement an effective and seamless way to collect rentals from your tenants. Here are a few of the best ways to collect...

How to find the perfect roommate

Property prices are constantly on the rise. As such, property owners are demanding higher rentals from tenants. Renting a property nowadays is quite costly, particularly if you are single. With this in mind, you may consider finding a roommate to offset high rental costs. The idea of getting a roommate to share expenses, divide chores and keep company with seems simple and straightforward. However, there...

How to deal with tenant disputes and evictions

How to deal with tenant disputes and evictions

Some of the trickiest things you can deal with as landlords are disputes and evictions. Tenant disputes and evictions are a great source of stress for everyone involved in the process. As a landlord, the tiniest mistake could potentially end up delaying the eviction. In addition, this could negatively impact your revenue stream. Read this article to learn how to deal with tenant disputes and...

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