How to Find an Investment Property

By Kathy Scott Wednesday, July 20, 2022

Real estate experts predict that 2022 will witness a rise in foreclosures. With the pandemic and job losses, the year has been primed for financial hardships for many people.As unfortunate as it is for them, it can present a great investment opportunity for budding real esta...

The Most Common Mistakes to Avoid When Hiring Property Managers

By Kathy Scott Wednesday, July 6, 2022

Did you know that business owners and landlords are around four times as wealthy as the average American?If you became a landlord to generate wealth, you aren't alone. Yet, this strategy doesn't always work out for everyone. You might find that you can't handle t...

Did Your Tenant Break a Lease? A Guide to Landlord Rights

By Kathy Scott Wednesday, June 22, 2022

Oh no. It's the conversation every landlord dreads. The "I need to break my lease" conversation.If a tenant wants to break a lease, you need to inspect the property, advertise the unit, and screen a new tenant sooner than you thought.Yet, there are provisions that p...

What Do You Do if Your Tenants Pay With a Bounced Check?

By Kathy Scott Wednesday, June 8, 2022

No matter how carefully you screen your tenants, there is always the possibility that they won't pay their rent or they pay, but their check bounces. It's no wonder that many landlords identify dealing with tenants and collecting money as the worst parts of being a landlo...

Maintenance Coordination for Your Properties: A Guide

By Kathy Scott Wednesday, May 25, 2022

Real estate can be an excellent way to generate extra income. Whether you own a few homes or an apartment building, renting a property can be a lucrative business. To keep your renters happy, you have responsibilities as their landlord. One of your most important responsibil...

Property Managers vs DIY Management: Which Is Better?

By Kathy Scott Wednesday, May 11, 2022

Property managers are the peace that renters and property investors don't know they need until they do. Imagine getting a call from a tenant at three a.m. stating they can't access their unit because the key code isn't working. As a resident, imagine no one answe...

What to Include in Lease Renewals

By Kathy Scott Wednesday, April 27, 2022

Since 2010, landlords have raised rent rates an average of 31%. Raising rent prices is beneficial for landlords and property investors but they can make lease renewals a bit more complicated.Landlords cannot raise rent prices without letting a tenant know. This is just one item t...

How to Choose the Best Rental Property Management Company

By Kathy Scott Wednesday, April 13, 2022

Managing your own investment properties gives you 100% control over what happens on your turf. However, most investors choose to outsource the tasks of a property manager to licensed professionals.To reap all of the benefits that come with doing this, you need to learn how to cho...

4 Things a Landlord Should Look For During Rental Property Inspections

By Kathy Scott Wednesday, March 23, 2022

The average landlord can expect to spend between 1% and 3% of their property's value on maintenance each year. That can really add up. But by nipping problems in the bud, you can reduce these costs.That's why it's so important to carry out regular rental property insp...

What’s the Average Amount to Charge for a Security Deposit?

By Kathy Scott Wednesday, March 9, 2022

When you become a landlord, you become responsible for several things you may not have prepared for. The list of responsibilities, ranging from maintenance coordination to a tenant background check, may seem endless. One thing that many landlords struggle with is determining...