So you are looking for a new apartment to call your home. But you cannot decide which style of apartment living is going to be the right choice for you. With all of the factors flying around in your head like, commute time to work, great school systems, nice neighborhoods, amount of rent you will pay, and how long it will take you to go pick up a gallon of milk; now you need to decide what type of building and […]
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The biggest mistake a landlord makes in owning rental properties is not treating their rental properties as a business. Obviously there are pillars of performance that need to be adhered to to find and keep happy residents, such as: tenant screening, knowing your numbers and strategy for the building, and keeping up with maintenance and repairs. Probably the most overlooked aspect of being a landlord are the building codes and state sanitary codes that clearly outline the specific performance expectations of […]
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I recently had the opportunity to attend a local REIA meeting where the presenter was a professional staging company. A staging company will come into your renovated flip or rehab project and add furniture and design elements to help the buyer “see” the potential of the space. This has a huge impact on the buyers to help them imagine themselves living in that new home. It helps them figure out where the furniture will go, which wall the bed would […]
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Landlords are just like everybody else. The latest and greatest bright and shiny object distracts us all from time to time. We are always looking for that new thing out there that will make our rental business run more efficiently. We are constantly looking at new software, revising our leases and rental agreements, and trying to change little things that can make a big difference in the final outcome of our bottom line. The constant pursuit of a better way […]
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In November 2016 Massachusetts voted in one of the most dreaded laws by landlords in the legalization of recreational marijuana. Most landlords are concerned with what this means for the rental properties and how this is going to impact their rental businesses. The obvious fear is, now that recreational pot is legal, that tenants will now be blazing up and puffing weed inside their apartments and think there is nothing the landlord can do about it. A Little Knowledge Can Help […]
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You are probably thinking I am going to go off on a tie raid pointing out all of the little things renters do wrong to see if your residents have been naughty or nice. Not so fast! I think you will see in a moment that I already think your residents are the most important people in your fiscal world and they deserve more appreciation than we as landlords are usually willing to acknowledge. Let me set the stage for […]
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This may be a fact that most people overlook. But, letting your current landlord know that you will be moving goes a long way when talking to your prospective new landlord. If your current landlord knows you’re moving and you have given a proper notice to quit, then your new landlord can assume that when you move out of their apartment you will treat them with the same common courtesy. If you answer “No”, they do not know I am […]
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