When a new tenant moves in, it is essential that you conduct a thorough walkthrough inspection to document the exact state of the property. By conducting a walkthrough inspection with your tenant, you will protect yourself from having to pay for any potential damage that occurs while the tenant is living on your property. In […]
Of all the options for investments, real estate stands out among the best. For starters, it offers landlords a steady and reliable stream of income. Other benefits that make real estate a notable investment option include the tax benefits, its appreciation qualities, and that it’s a hedge against inflation. However, property follows the same trends […]
“Should I hire a property manager or self-manage my rental property?” This is a question that every property investor has probably found themselves asking at one time or another! For some investors, self-management may be a good option. This is especially true if you live close to your property and have prior experience in managing […]
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 […]