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Before you invest your time and money into a rental property, consider the essential steps you will want to take, like renovations and upgrades, and factors you will want to consider to help you choose the right investment property.
Whether you’re managing your own properties or hiring someone to do it for you, there are some important steps to take to make sure you stay on top of the situation. Property management doesn't have to be difficult. Start by taking these five steps towards good property management!
After your tenancy has ended, you and your landlord need to agree on how much you will get back from your deposit. By law, your landlord is obligated to return your deposit 10 days after you both agreed on an amount. Additionally, landlords are also expected to protect their tenant’s deposits in any of the three government-protected schemes: mydeposits, Deposit Protection Service, and Tenancy Deposit Scheme in England and Wales; and Letting Protection Service Scotland, mydeposits Scotland, and Safe Deposits Scotland.
If you’re a new landlord, you'll find it one of the hardest parts of this job. Even if you have hands-on experience running a business like this, it will be challenging for you to manage tenancy initially. Therefore, one good tip that you should be mindful of is that cutting corners will never be good when managing a property. Here’s a basic checklist that will help you throughout the process.
Triple net properties (NNN) are among the most exciting and attractive real estate investment options in the 21st-Century. This attribute is a function of nothing other than their low-risk offers, long-term passive income opportunities, and their landlords' minimal responsibilities.
As a property manager, ensure your tenants sign a leasing agreement before settling on your property. The tenancy agreement can either be a periodic or fixed-term agreement. Here is an important guideline to know your legal responsibilities with a tenant eviction.
If you already own a student rental property or intend to buy one, you may be aware that maintaining one can be a challenge. As your tenants will be coming and going regularly, it's essential to make sure that you pay close attention to each properties' interior design.
Being a landlord is not an easy task. You’ll have to be both strict and understanding as well. However, the most challenging part is finding the right tenants for your property. Many times there is a mismatch between the expectations of the tenant and the landlord. So, it is of vital importance that you choose your tenants very carefully. And how will you do that? In this article, we’ll share six ways to find good tenants for your rental property.