In all my property dealings, I come from the premise that running rental property is a business. And by reading my columns, I assume it’s because you too are committed to running your rental property…Keep Reading
There are many pitfalls and challenges to managing rental property. One key to being a successful landlord is to learn from the mistakes of your colleagues. Below are several traps many of us have fallen…Keep Reading
The most successful businesses today are able to keep their customers paying for their services year after year. This ability to keep customers, or residents in our case, separates the successful, happy owners from the…Keep Reading
Apartment turnover costs are an inevitable part of the rental housing business. Turnover is very expensive. Controlled studies have shown that an apartment complex spends about three times the average monthly rent every time a…Keep Reading
Buildings age and neighborhoods change. For most income-producing real estate, this is a gradual process. Over time, systems wear out, buildings are not kept up, newer buildings siphon off the best tenants, and financial performance…Keep Reading
No one wins in an eviction action. The tenant gets a black mark on his record and in most cases, the owner gets a worthless judgement and a couple months lost rent to the freeloading…Keep Reading
Selecting the right tenant is the single most important thing you can do in managing your property. Good tenants pay their rent on time, respect your rules, and take care of your property. Choosing the…Keep Reading
Converting a C property to a B+ without breaking the bank There are many opportunities in renovating and repositioning older apartment properties for increased income and value, however, the neophyte renovator can easily focus on…Keep Reading