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In addition to preparing your income property to rent, you also need to ensure you have a detailed application for potential tenants to fill out. Tenants should include all necessary information on the application for you to review.Screening tenants is essential to finding the right renter for your property, and one who will respect the r...

Your lease agreement with your tenants not only outlines the terms of their residency, but also legally protects you should an issue happen.It’s important to be specific in your lease to avoid uncertainty and to make your agreement enforceable. What exactly should you include in your tenant residential lease agreement? Here are a fe...

As with any property, an investment property is going to cost you money in regular maintenance and repairs. While it’s difficult to pinpoint an exact amount you should have saved for repairs, there are some general rules to keep in mind.Some property owners think DIY repairs will save money, but the reality is that they can cost you...

Having an investment property can be hugely rewarding, but it comes with its challenges, risks, and costs. When a tenant’s lease is up or an eviction has taken place and you need to turn over the unit, you’re likely wondering when exactly your unit can be considered “rent ready”.Getting your property ready to rent ...

When considering hiring a property management company, it makes sense to know what fees they charge and what services these fees will cover.While every company varies in whether they charge a flat fee or a percentage, what types of fees, and what these fees involve, there are some general charges that nearly every company will have to pro...

When you have your own income property, it’s certainly tempting to manage it yourself. After all, you can pocket money on the side in addition to your regular job—right? Not so fast. Many first-time and even established investment property owners attempt to manage the responsibilities of their property because they don’...

Whether you’re a homeowner planning a trip or a property manager who has tenants to look after, property maintenance doesn’t take a vacation. While many people take vacations during the summer, this popular season is the time when many maintenance issues—including exterior and interior—occur. Are you going to lea...

Property managers are required to play many roles, but during extreme weather events such as natural disasters, the role of a property manager may best be described as “leader”. For many people, property managers are the first line of defense against a natural disaster. Property managers are not only required to help their te...

It’s hard to capture everything that property managers do for their clients on a daily basis. In addition to managing your income property, they market it, protect it, keep it occupied, and handle daily tasks that are overwhelming to many property owners who want to enjoy extra income without the hassle. However, property man...

Insuring your rental property is a necessity. The appropriate policy will reduce the risk of owning an income property and ensure that you’re still making money even if something goes wrong with the rental unit.   However, you can’t control the actions of your tenants. Requiring tenants to have renter’s insurance ca...