278 articles on owner education, written by the team that manages 700+ rental units across the Columbus metro. Page 11 of 12.
Filling your rental properties with quality tenants is essential to remaining successful as a property owner or landlord. Maybe if you’re really lucky, a great tenant will just walk through your door. But more often than not, it takes work on your end to find tenants who will be a good fit for
Read the article →In part 1 of our series on mistakes to avoid if you’re new to property management, we discussed the importance of operationalizing the sales process and considering ways to add value to your clients. Here are three more important lessons we learned so that you can avoid making these mistakes: Mistak
Read the article →More than 60 percent of U.S. households own at least one pet, and that includes renters who may be looking at one of your Central Ohio properties. As a landlord or property manager, having a clearly defined pet policy in your lease agreement is essential to setting expectations for your tenants as w
Read the article →As with any new challenge in life, mistakes are an inevitable part of navigating the learning curve. Fortunately, there are ways to minimize the amount of mistakes you make by learning from those who have gone before you. As small business owners ourselves, we have definitely made our share of error
Read the article →Investors have a lot on their plates, and a big priority is ensuring that their units are filled quickly and turnover stays low so that a steady stream of income continues to flow in from their investments. In terms of filling vacancies, there are several ways to handle it: do it yourself, outsource
Read the article →Your lease is designed to protect you as a property owner as well as your tenants by thoroughly addressing the rules, policies, and procedures for living in a rental property. Within the lease, you should delineate who is responsible for what, and the terms for each of those responsibilities, includ
Read the article →Before investing in real estate, it’s important to conduct a cash-flow analysis to understand your anticipated income and expenses for a given property. For new investors or new-to-the-area investors, it can sometimes be difficult to accurately predict what that cash flow will be. As a property mana
Read the article →We all know the power of a brand. Think Coca-Cola, Nike, Rolex…they all conjure up certain images in your mind and maintain an intangible grip on us, even if they are products we may not regularly consume. Large Institutional Investors have captured the power of our minds in real estate. Companies l
Read the article →Competition is an important force in our economy, but we all recognize that it’s not always a fair fight. Small business owners going up against big heavy-hitter players in the market simply don’t stand a chance. And that’s when we hear many of them resign and simply say, “Well, if you can’t beat th
Read the article →If you’re looking to buy an investment property in the greater Columbus area, one of the biggest questions you likely have is how much money will the property make? On a monthly basis, what can you expect your cash flow to be? When looking at cash flow, there are two major components to consider.
Read the article →Your investment property relies on a steady stream of monthly income in order to meet your own financial obligations as well as generate revenue, but one thing a lot of people may not think about when it comes to receiving rent and other payments from their residents is the order in which those paym
Read the article →Owing a rental property is a smart way to earn passive income, but “passive” is a relative term. There can be a large variation in how hands-on (or off) the job is, especially when you go it alone and self-manage the rental property. And, as we all know, the hands-on part doesn’t always
Read the article →It happened. Your tenant punched a hole in the wall and now they’ve come to you with their head hanging low and wondering who needs to fix it. While this scenario may not be that common, it does raise a question that those of us in property management and real estate investing face quite
Read the article →For every unit you manage, you’re going to have unexpected expenses from time-to-time. It may be a water heater that goes out, a furnace that dies in the middle of winter, a roof or window that needs to be replaced, and a whole host of other expenses that you may not always anticipate. These
Read the article →As a property owner or a landlord in Columbus, you sometimes encounter a prospective resident who is chomping at the bit and ready to move in right away. They may already be expressing enthusiasm before you even start showing the unit and even say things like they have the security deposit and are r
Read the article →When it comes to your lease agreement, there are a few really important considerations you should have as a landlord. One that often gets overlooked is who actually owns what in the apartment or rental home, and is that clearly delineated in the lease? Having a strong lease agreement, one that clea
Read the article →Lease violations often occur for issues other than non payment of rent. How are these handled?
Read the article →RL Property Management Group Grows Rental Unit Business 45% with Acquisition of Core Select Group’s Property Management Division Acquisition vaults RL Property Management Group into the top 5 of similar companies within Central Ohio COLUMBUS, OHIO, April 14, 2020, RL Property Management Group, a fu
Read the article →We recently conducted an cost analysis examining spending in the year of 2019 across our entire portfolio of managed multifamily (2+ unit) properties. Out of the 300+ units under our management around Columbus Ohio, this study includes just the multifamily properties (37 properties consisting of 137
Read the article →Many new and aspiring real estate investors are drawn to lower-rent properties. There are a number of factors that can make low-rent (sometimes referred to as “Class C/D”) properties seem attractive: Lower purchase price Higher cap rates (advertised) Higher cash-on-cash return (predicted) More inven
Read the article →Regular property inspections are one of the most essential practices in professional property management. They help safeguard your investment, maintain tenant satisfaction, and prevent small issues from turning into costly problems. At RL Property Management, we perform thorough inspections four tim
Read the article →We help real estate investors unlock free time and peace of mind by correctly managing their property, transforming their investment into true passive income. What this means in practice: We manage properties for the long term. Our decisions are made assuming the current owner will be holding onto t
Read the article →All of these assumptions are wrong. They won’t declare bankruptcy while living at the property And if they do, you can evict them They won’t make partial payments They won’t make partial online payments They understand your late fee policy They will pay the water bill They will report water leaks su
Read the article →We once had a fellow real estate investor ask: “I have a crack going horizontally straight across the basement wall at one of my properties. I am assuming it is a result of hydro-static pressure. I have had the drains snaked and the tenant does a decent job of keeping the gutters clean. I have
Read the article →A free, data-backed rent evaluation using our own portfolio numbers and current market comps.
