Owning a rental property is one of the best ways to make a good passive income. Once you have attracted tenants, you can be guaranteed a fixed income. After several years of receiving the same fixed amount, you may feel it’s time to increase the rent. However, increasing the rent may result in a […]
As a landlord, to have a successful property, you need to be intentional with the services that you provide. This is especially true when your property is located in a competitive market. To lure in a tenant, you need to get ahead of your competitors by making sure you’re offering many sought after amenities. First, […]
There is nothing that kills rental profit more than high tenant turnover. When it comes to operating a rental property, the costs of re-renting a unit are some of the most expensive and labor intensive tasks for landlords. So, the key to maximizing your rental income is improving your tenant retention ratio. But how exactly […]
Do you like moving? While it can be exciting to change your home location, the process of packing, organizing, and move-out cleaning can be daunting. Cleaning your place needs to be done before moving in most scenarios, or you won’t get your security deposit back. So, how do you do it well and efficiently? The […]
As a landlord, you must understand what normal wear and tear means. “Normal wear and tear” refers to the depreciation of property, furnishings, or appliances in your unit. These damages are not caused by tenant abuse. Fixing wear and tear damages is your responsibility. That’s why you must be able to identity normal wear and […]
Are you looking to invest in Grande Prairie real estate? There are many reasons to invest in Grande Prairie. Among other things, Grande Prairie provides a solid economy, a long-term potential for rental demand, many shopping options, outdoor recreation and more! Grande Prairie also provides a high quality of life. This city boasts of amazing […]
There are several ways to advertise a rental property and attract prospective tenants. One of the trendy and effective ways to do so is to create a video walk through tour of the unit! These virtual tours provide a glimpse of your rental unit for prospective renters. Not to mention, these videos also make sense […]
Are you planning to invest in Grand Prairie, Alberta properties? Every single property investment carries a future potential. Under favourable circumstances, monthly rental income isn’t the only benefit. You may be able to reap the benefits of home value appreciation rates as well. Finding the right real estate market for a lucrative purchase is challenging. […]
As a landlord, your livelihood lies on whether your rental property is occupied. However, sometimes you may need to find new tenants with current ones still residing. It’s more challenging to handle property showings when your rental unit is being lived in. Navigating this requires great negotiation skills with the current renters. You also need […]
Did you know that great landlords attract great tenants? You see, landlording is a service industry. You are providing services that a tenant pays for. So, as a landlord, it’s in your best interest to treat your tenants as customers. Broadly speaking, landlords take up to forty hours to find a replacement tenant after eviction […]