Last year, nearly 20% of Americans failed to pay their rent on time. At the beginning of 2021, many tenants in the US were lagging on their payments. A major reason back then was the severe 2020 economic breakdown the country was recovering from. The Pulse Survey, an initiative by the US Census Bureau, cites numerous surveys and analyses regarding the current situation of delinquent renters. Surveys found that most renters who could not make their payments on time came from less educated and low-income households.
The best season to sell your house is in spring. The real estate markets are brimming with customers in the early weeks of May. Many reasons contribute to why spring is the best time to sell your home. Some of these include the great negotiation and marketing opportunities the property can offer. Spring in the US means most investors would be out of hibernation and looking for affordable real estate listings.
Pro tip: There’s no way your house is selling for increased profit if investors can see through the cracks and realize you haven’t maintained your property in years. Your residential rental property is a long-term asset perfect for accommodation crises of all sorts. There’s so much you could do with it. Reside in it, rent it, leave it to an heir—it will always benefit you. To abandon your real estate just because your job requires some continent trotting can have long-term effects on your property’s worth.
If you’re a landlord with multiple residential and real estate properties on rent, you’ll know how important it is to hire a residential property management company. Property management companies plan to make property management the easiest for the landlord. When it comes to a residential rental, we’re talking about a thriving asset that needs good care and maintenance to reap long-term profits.
Landlords find it increasingly difficult to manage multiple rental properties. It’s an additional hassle if they’re located at different locations. Another tricky task in property management is to keep complete records of payments made by the tenant.
Yes, it’s true! Rental property scams are a thing and can happen to anyone! Official government websites have repeatedly asked renters to be super sure of the identities of the people they deal with. Online trading and renting of residential properties are major reasons why the scam game within the rental industry has increased. In the coming years, while more people try to grapple with the concept of renting houses through online channels, they are most likely to come across scammers who misrepresent their identities online.
The Federal Trade Commission has warned renters against the many online property scams quite common online. From fake listings to marketing non-existent rentals, several scams have been pulled on renters and tenants alike to extract online payments from them.
Your renter has decided to end the contract early. So, what’s next? They signed a formal contract agreeing to the conditions, including paying rent until moving out.
But, just as the lease protects the landowner, there are rules in place to safeguard renters who wish to leave. As a landlord, you must understand how to manage these circumstances so that you can effectively communicate and equitably, meet legal processes, and, eventually, achieve your outcome. Here is what you need to know.
The usage of niche-specific language and abbreviations is well-known in the real estate sector. If you’re purchasing a property for the first time or just getting started in real estate investment, you’ll undoubtedly come across terms you’ve rarely heard before.
As a rental landlord, you should be familiar with the most important property management and rental investing phrases. These real estate words can assist you in becoming a successful investor or landlord.
If you own a house, landscaping and lawn maintenance are important aspects of keeping it in good shape and ensuring that it looks wonderful from the outside. During the severe cold weather and scorching summer heat, your grass and landscape get affected.
Are you a new landlord wanting to make a name for yourself? Many individuals believe it is simple to become a landlord. When you’re just getting started, there’s a bunch of work to be done. It’s not always simple to be a landlord, particularly if you have no experience with property investment. These suggestions will help you get off to a good start.
If you’re a rental property owner, you’re probably searching for new ways to improve your rental income and maximize your profits. After all, you want your investment to have a higher payoff. However, this also means that you need to invest in a couple of home upgrades to truly make your property shine.
Renters look for various features when browsing through property listings. If your rental has some of these highly coveted features, it’s likely to catch their eyes and nudge their curiosity.