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Renovations are a great way to increase the value of your rental property, attract renters and diminish vacancies. For these reasons and more, you should consider renovating your property. However, when renovating, it is important to invest in upgrades that will help enhance the value of your property. It’s a good idea to analyze which amenities matter to renters in order to assure the best returns. This can help ensure that potential residents will appreciate the refurbishing, leading them to renew their tenancy. Additionally, it can also m…

A lease agreement establishes and binds the relationship between a landlord and tenant. The agreement is a legal document that explicitly describes the responsibilities of both the landlord and tenant. A solid lease or rental agreement acts as a guide, offering counsel and direction during tough situations. It provides information on rent collection, enforcement of penalties and fines, and also on property management issues. This article will provide a guide to landlords to help them craft a solid lease agreement. The Importance of a Lease Ag…

Landlording is a competitive space. If prospective tenants don’t find your rental property attractive enough, you might have a hard time filling vacancies. One way of increasing your property’s attractiveness is by improving its curb appeal. You could have state-of-the-art appliances, a contemporary floor layout, and the best furnishings—but if the curb appeal isn’t impressive, prospective tenants might pass over your property altogether. Improving the curb appeal of your rental property doesn’t have to be costly and time-consuming. Investing…

Requiring tenants to sign a lease or a rental agreement prior to moving into your rental property is key. A detailed agreement will help you communicate the expectations you have to your tenant clearly and concisely. Whether you’re new to the business or have years of experience renting properties, you might be wondering what type of lease agreement to go for with each new potential tenant. Today’s blog will help you answer the question: Is a month-to-month lease better for landlords than a long-term lease agreement? What Is a Month-to-Month L…

One of the best things about investing in real estate is that your options are not limited to your home state. You can take advantage of any market you think is lucrative. That said, investing in out-of-state properties can be daunting, especially for those who are looking to invest in rentals. After all, how can you take care of your rental business if you don’t live where the investment property is located? In general, investing in out-of-state properties while challenging, can be quite rewarding when done right. There are a few things that …