What Does a Property Management Company Do?
Forming a limited liability company (LLC) is an easy and inexpensive way to structure your sole proprietorship. It’s a business structure that provides a business with limited liability, similar to that of a corporation, but the structure is easier to establish and maintain. Before forming an LLC, you need to consider if it’s the best […]
Should You Set Up An LLC As A Property Manager?
Forming a limited liability company (LLC) is an easy and inexpensive way to structure your sole proprietorship. It’s a business structure that provides a business with limited liability, similar to that of a corporation, but the structure is easier to establish and maintain. Before forming an LLC, you need to consider if it’s the best […]
Why Hire A Property Manager?
Investing in property can be a great financial accomplishment, but it can also take a lot of work. That’s why hiring a property manager can be extremely beneficial. Not only do they assist you with the extra work associated with running a property, but they also lend their professionalism and experience to efficiently manage your […]
Renting vs Owning
Whether to rent or buy the place where you will be living is a major decision that will affect your lifestyle and size of savings that you accumulate over the years. Renting offers flexibility, predictable monthly expenses, and someone to handle repairs while homeownership brings a sense of stability, belonging to a community, and pride […]
5 Reasons Not to Be a Landlord
Being a hands-on landlord is hardly glamorous, and at times it can be tedious, and a lot less profitable than many make it out to be—especially when you factor in your time. There are definitely many benefits to owning real estate and investing in income-producing rental property. There can be great cash flow, high returns, […]
How to Get COVID-19 Rent Relief
What if losing a job, even temporarily, means you cannot pay your rent? As more and more states impose lock downs or stay-at-home orders to prevent further spread of COVID-19, renters, who are among the most vulnerable when it comes to housing security, wonder what relief they could have to help pay the rent or avoid eviction. […]
How Often Should Landlords Paint?
Interior paint is both an aesthetic boost and practical need for rental properties, and landlords will have to deal with paint at some point in their management and maintenance duties. The Appeal of Fresh Paint The smell of fresh paint and the look of bright new walls is highly attractive to the occupants of any […]
Early Lease Termination for Owners: Part 2
Reduce the Risk of Court If you’re concerned you may have to take your tenant to court for refusing to pay rent while the unit is vacant, an early termination clause is a good way to reduce that risk. In the event you do have to take your tenant to court, your best evidence is […]
Early Lease Termination for Owners: Part 1
Life Happens Life happens, but it rarely happens to conveniently coincide with the end of a lease. Your tenant needs to terminate their lease early, but signed a legal document with binding terms, including to pay rent through the end of the lease. However, as much as the lease serves to protect the landlord, there […]