The largest rental deposit you can charge is usually 2-2.5X monthly rent. Please check with your local state/country. Personally, I try to ask for two months rent as a deposit. Something always gets damaged by renters for some reason. From chipped countertops to holes in walls, I'm not ...
In order to get started, you'll need to identify the right property and prepare to get financing to buy it. Location, Location, Location When choosing a profitable rental property, look for a location with low property taxes, a good school district, and walkable amenities such as restaurants,...
Recent studies from Google and Apartments.com have evaluated the top avenues renters use to find their next rental property. The verdict? An online presence is key when marketing to renters, the majority of whom will search for their next rental property on the Internet. The results of this s...
So instead, talk with your tenants and find a time that works best for both of you. Provide Proper Notice As stated above, you can’t show up at a current tenant’s rental and tour the property with new potential renters. After all, your tenant has a right to privacy while living ...
How to Find a Townhome for Rent Image Credit:carriebonell/iStock/GettyImages With the variety of property types available for rent, finding the right place to call home is one of the main hurdles tenants face. Many renters like the idea of a single-family home with a yard, but don't ...
Certain qualities you should seek usually indicate top-notch renters, as well as indicators that an applicant might cause trouble down the road. When choosing the best tenants, all rental property owners should be aware of protected classes that are illegal to discriminate against. For a well-run...
Property managers can handle those situations too. Finding Renters Marketing an apartment, screening leads, interviewing candidates, and then signing renters are all tasks that can be handled by an apartment property manager. An experienced property manager knows how to price rental properties ...
Compare Renters Insurance Policies When comparing the price of renters insurance policies, make sure you’re comparing apples to apples. If you got a quote for a policy with $20,000 in personal property coverage, use the same coverage amounts when you get a quote from the next insurer. And...
Step 4: Choose a Rental Property Type Once you’ve established the teams to support your buy and rent business, you can choose your preferred rental property type. It is a good idea for beginners to choose one property type to start and master prior to acquiring other types of properties....
Finally, remember that storms and sun exposure can all have a big impact on your exterior paint’s lifespan. When in doubt, always check with a local paint professional to find out exactly how long your paint should last, given your rental property’s local climate. ...