You are here:  Articles   March 10, 2010  
 
 
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Collecting Rent On Time
Cash flow is the name of the game in the world of rental properties. As a property owner, you have monthly expenses and the apartments are helping to fund those expenses. It’s your job to make sure you do everything in your ability to keep the rent coming in...more

Before You Show the Apartment
There are many things you can do to make showing your vacant apartment an effective tool. If the apartment is vacant, make sure it is CLEAN! The previous tenants should have cleaned the place when they moved out, but they can only be expected to...more

Preparing to Show the Apartment When Existing Tenants Occupy
If your apartment has the existing tenants in it, you have less control over how the place will look. The current tenants furniture style can both help and hurt you. If their belongings are nice and well maintained it is likely that the apartment will show better. If not, you may have a tough time getting the place rented before they leave. Here are some things you can do...more

Finding the Right Tenants
Needless to say (although I am about to), renting your apartments to good people will save you time, money and headaches. Good tenants are people you can trust to uphold your business agreement (the lease). They are people who respect others and treat your property as if it were their own. Good tenants are not hard to find, they are in every community, you just have to know where to look...more

How to keep Good Tenants
It is no secret that good tenants will make your life easier. Good tenants pay the rent on time, treat your property with respect and help you when they are leaving. Once you find good tenants, put the some time and effort into keeping them. I am not talking brainwashing, just some common sense and smart...more

Apartment Showings that Win!
It is hard to give specific advise on exactly the best way to show your apartment. Because each apartment has it’s own positives and negatives, you need to be keenly aware of what those are and how to position yourself during your conversations. Once you have identified...more

Why Buy A Rental Property?
Like any real estate transaction, buying a rental property takes careful consideration. WeekendLandlord.com is generally aimed at helping people who are interested in multi-unit real estate investment and not necessarily real estate professionals...more

Maintenance Means Opportunity
Maintenance expenses are a part of the business. If you plan to buy a place, collect rent and never put any money into it, then you will be disappointed. Rental property is very different then standard residential property. You own many more toilets and hot water heaters which increases...more

Protect Your Investment – Refinance with Knowledge
Today’s climate of creative financing for properties leaves investors open to predatory lending tactics. Mortgage brokering is a competitive industry, and property owners looking to refinance need to protect themselves from predatory lenders. A predatory loan can be defined as a sub-prime mortgage loan that includes excessive costs or requirements. Such added costs take advantage of borrowers with lower credit ratings who do not qualify for lower interest prime loans...More-->

Winter Chores: Have a Plan for Snow Removal
Don’t forget to shovel and de-ice! Many communities have ordinances specifying the responsibility of property owners to remove snow and ice. For example, your community may require snow removal within 24 hours after a 4-inch snowfall. Know these ordinances, and you will avoid complaints from neighbors and/or tenants. Many landlords take vacations over the holidays. If you are responsible for the care of the exterior of the building, remember to have a plan in place if you will be out of town during months when snow is likely...More-->

Tenants with Minimal Rental History – Help Them to Become Great!
Signing a tenant who has no prior history of renting can be a risky venture. But you can minimize your risk by verbalizing standards you expect of tenants and by educating your tenant about community ordinances to promote the tenant’s awareness. Effort and thinking on your part can facilitate a good relationship with your tenant...More-->

     

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