Tips to Keep Your Property (and Investment) Safe
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…
How to Film a Great Video Tour of Your Rental
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…
Guide to Making a Solid Lease Agreement For Your Rental Property
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…
Pricing Your Bay Area Property to Rent
Renting out a property in the Bay Area can be an enticing investment opportunity, especially when dealing with multi-family properties. The soaring demand for housing in this region, known for its tech-driven economy and cultural vibrancy, makes it a favorable environment for real estate investors. However, determining the right rental price for your multi-family property requires a thorough understanding of the local market dynamics, neighborhood trends, and tenant preferences. In this article, we'll delve into key considerations to help you …
What Exactly Is Normal Wear and Tear?
When you have a tenant move out, it’s your responsibility to determine what is property damage and what is normal wear and tear. Navigating through the complexities of property management, landlords like you often struggle to distinguish between tenant-caused damages and the inevitable, gentle aging of a property. This article illuminates the often blurry lines of ‘normal wear and tear’, providing you with clear insights and practical tips to manage your property effectively. Understanding this distinction can make sure you’re safeguarding you…
