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Keeping your rental property in good condition is a year-round task. As time-consuming as it can be, maintaining your rental property is non-negotiable. After all, a poorly maintained property cannot only drive tenants away but can also result in costly fines. Luckily, keeping your rental property in good condition doesn’t have to be solely your responsibility. One of the simplest ways to keep your rental property in good shape between tenancies is to request that tenants deep clean the property before moving out. This will not only ensure tha…

Are you a landlord juggling the demands of multiple units, constantly troubleshooting tenant issues, and feeling the weight of property management tasks piling up? What if there was a way to unlock the full potential of your properties without being tied down by the daily grind of management? Successful real estate investors have discovered a game-changing secret – they partner with property management companies to turn the complexities of managing multi-family properties into streamlined, profitable ventures. In this article, we'll delve int…

Keeping your tenants long-term requires providing a secure and livable rental property. Even if your property has the latest amenities, you can still experience tenant turnover if they feel unsafe staying in one of your units. A secure rental property helps you avoid incidents of burglary and trespassing, which can add more tasks since it requires filing reports and reassuring tenants that it won’t happen again. Another benefit to striving for a safe rental is you limit the income interruption caused by a vacant unit. If you want to learn how t…

As a landlord, creating video tours of your rental property is a great strategy to increase your property’s exposure. A virtual tour of your rental makes your marketing strategy more effective and dynamic, attracting more potential tenants. Presenting an online tour of your rental can provide more leads, helping you end vacancies quickly. Empty rental spaces can be more expensive since they still require maintenance on top of the marketing costs. Initially, you might think that a virtual property tour is a lot more work than it’s worth. You mi…

Leasing multi-family properties is a complex process that requires careful consideration of legal, financial, and logistical aspects. One of the most crucial components of this process is creating a solid lease agreement. A well-crafted lease agreement not only protects the rights and interests of both landlords and tenants but also sets clear expectations for a harmonious living arrangement. In this guide, we will delve into the key elements of an effective lease agreement for multi-family properties, focusing on creating a document that fos…