Tips & Advice

Once you have an idea of your must-haves in a rental, you can start to hone in on which area of your city or town you should consider. If you’re looking at a specific area, you’ll want to research what the market conditions are like in that part of town – are there any trends or conditions that could affect your decision? Additionally, you may also want to think about what amenities you may need...

Saving money does not have to be hard. Here are some simple tips to get started:  1. Set a budget. Knowing how much money is coming in and going out each month will provide a roadmap for saving.  2. Track your spending. Keeping tabs on your spending can provide a reality check and reveal where you can adjust accordingly.   3. Automate your savings. Dedicate a small portion of your income to a savings...

1. Conduct Thorough Market Research: Before you even start looking for rental properties, research the area you want to buy in by studying rental comps, crime reports, and local economic conditions. 2. Price Your Properties Appropriately: Carefully consider the optimal rental price for the area, and price with a combination of the market’s averages and your expectations for profitability. 3. Market...

1. Sort all items by type, such as dry goods, canned goods and baking supplies.  2. Group items together, such as beans, grains and cereals.  3. Create a storage system with clear containers to store specific items and to make them easy to find.  4. Utilize the whole space, including shelves, walls and narrow corners.  5. Put items that are rarely used up top or in the back, and items that are used...

1. Take inventory of the items in your closet. Empty everything out and make a pile of what you want to keep and what you want to get rid of.  2. Create zones within your closet and separate into categories such as coats, tops, bottoms, and shoes. 3. Stick to a color palette for your closet so it looks more organized and visually appealing.  4. Use closet organizers to create more space. Add hanging...

1. Location: Make sure that the location of the property is convenient and close to all the amenities you will need. Consider factors such as public transport, proximity to shops and restaurants, and local crime rates.  2. Budget: Be sure to consider your budget carefully before searching for a property. Consider both the short-term cost of rent and any additional fees you might need to pay, such as a...

1. Perform Regular Maintenance: Taking the time to conduct regular maintenance on your property will help ensure it remains in good condition. This can include inspecting your roof for any potential issues, cleaning and taking care of gutters, and trimming back any trees or shrubs. 2. Paint and Re-caulk: This is one of the simplest things you can do to keep your property in good condition. Painting the...

1. Keep Communication Open: Establish clear communication channels and guidelines for yourself, your tenants, and their representatives. Make sure all parties know how to contact you and the best way to communicate. 2. Employ a Professional Property Management Service: If the businesses you manage is large and/or complex, it may be worthwhile to employ a professional property management service to oversee...

1. Conduct Thorough Research: Research local regulations, rental rates, competitors and rental trends to help ensure you’re making an educated decision about being a landlord. 2. Obtain Necessary Licenses and Permits: Many localities require landlords to register their rental property and may even require a rental or business license. You should check with the local municipality and any other applicable...

1. Increased efficiency in rent collection and other tenant services. Professional property managers are experienced in the collection and processing of rent and other funds, as well as handling tenant requests and maintenance.  2. Better tenant screening and selection. Property management companies have access to the best tenant screening resources and know what to look for in a good tenant. 3. Fewer...