278 articles on owner education, written by the team that manages 700+ rental units across the Columbus metro. Page 8 of 12.
You might feel tempted to pull out all the stops when trying to fill a vacant rental property. Don’t. Even if it takes a little longer to find a good applicant, it’s worth the extra time you may need to seek out a high-quality tenants. That said, it doesn’t necessarily mean you can’t offer incentive
Read the article →It’s no surprise that 99.9 percent of our lease applicants find us through digital real estate websites. Because an online presence is so important to securing new tenants, you might be wondering if you should also consider amping up your digital marketing to fill vacant units. Read on for some insi
Read the article →Whenever tenants renew their lease, that’s one less vacancy you have to worry about. Keeping your vacancy rate low means more money in your pocket and less hassle trying to find new residents while turning over the unit. You want to do everything you can to extend a resident’s lease term, and you r
Read the article →You’ve done all the right things to secure a high-quality tenant. You have a great resident in your property who pays their rent on time, is not disruptive and follows the rules. Now, the question is, how do you keep them? Ways to Retain a Resident at Renewal While surprising to some, studies sugges
Read the article →Whether you already own real estate in the greater Columbus area or are from out of state and looking to expand your portfolio, Central Ohio has a lot to offer in terms of boosting your portfolio. As home to one of the largest universities in the country, a strong tech industry and plenty of arts
Read the article →Owning investment properties requires you to put a lot of trust in other people. By extending a lease agreement to a tenant, you are relinquishing some control of what happens in your property and entrusting strangers to take good care of it. It can certainly be a nerve-wracking experience for newbi
Read the article →Operating costs consume a large portion of your monthly expense budget, and they’re likely to only go up, especially if you do nothing. Rising energy costs and inflation make managing the day-to-day necessities of property ownership in Columbus challenging. That’s why it’s imperative to find ways to
Read the article →Spoiler alert, it snows in Columbus. While it may not amount to the same level of snow other areas of the U.S. get, it still can be significant, and it can still significantly affect a property owner’s budget. Per data we’ve collected on multifamily rental property expenses, landscaping and snow re
Read the article →Strong lease agreements are not only good for you as a property owner or landlord, but they also help protect your tenants. Rental lease agreements that are specific and detailed help reduce miscommunication and disputes as well as indicate responsibility for who will handle what in terms of the ren
Read the article →Investing in rental properties is thrilling and dynamic. It also can be a lot of work, especially as your portfolio grows. To be successful with your investment, it can help (though it’s certainly not required) to have a dedicated team managing your properties. While many owners enjoy managing their
Read the article →Property management companies offer a full suite of services, but sometimes even those familiar with how they operate forget or misunderstand exactly what services and responsibilities a property manager handles for owners and investors. In this post, we’ll explain three of the primary activities pr
Read the article →Just as your tenants sign a lease agreement before they begin living in your rental property, so too must you as a property owner sign an agreement with the property management company you’ve selected to work with. This agreement, like all business contracts, should be thorough and specify the terms
Read the article →The real estate industry leans heavily on relationships. Like so many opportunities, it’s not always what you know, but who you know. And to stay in the know, you have to be on social media. How to Elevate Your Social Media Game For investors or property managers interested in expanding their portfo
Read the article →The owner/tenant relationship is a business relationship by nature, and both parties stand to benefit when the relationship is positive. Tenants who feel valued and appreciated are more likely to take good care of the rental unit. They may also be more likely to extend their lease year after year, w
Read the article →They can be cute, cuddly and furriffic, but they also can do a number on your rental properties, so should you or shouldn’t you allow pets in your units? While the choice is completely up to you, the fact of the matter is that more than half of all U.S. households own a pet. Whether
Read the article →Anyone who owns real estate knows maintenance is just part of the gig. When you own rental property, however, the responsibilities for some of those maintenance tasks can become a little more ambiguous. Is it the tenant who should be tasked with fixing an issue in their rental unit, or will you or y
Read the article →Property managers and landlords can use fees as both a carrot and stick approach to tenant behavior. Importantly, however, is that whatever fees you decide to implement at your rental property, be sure they are clearly explained in your lease agreement. No one likes surprises when it comes to fees.
Read the article →As an owner or manager of a rental property, it’s obvious to you who owns what in each of your rental units. But is it just as crystal clear to your tenants? Sometimes yes, sometimes no, but to be sure, it’s best to spell it all out in your lease agreement. A strong lease agreement
Read the article →Managing costs is a huge part of being successful with your rental property investment. Expenses can quickly eat into your profit margins, and if you’re not prepared, they can empty out your reserves in a hurry. With rising costs across the board, record inflation, and discerning tenants who expect
Read the article →Being self-reliant is a good quality. In fact, our cultural ideals are based on the very idea of pulling ourselves up by our bootstraps. But sometimes the best way to become a “self-made” real estate investor is to ask for help. To be clear, help comes in many forms. Sometimes all we need is informa
Read the article →Investors who are dipping their toes in real estate often begin with single family homes. This type of investment property can be a good way to generate passive income (“passive” being a relative term depending on your level of involvement with its property management). Single family properties also
Read the article →Most people who get into real estate do so for the potential returns the investment will generate. It’s a highly strategic process, and in theory, the better the property, the greater the earning potential it will have. With each property, investors must weigh the risks and opportunities it presents
Read the article →Turning over rental units is a big part of owning and managing investment properties. The more rental units you own, the more frequently you’ll be doing this, so it pays to create an effective workflow that can easily be replicated time and again by you or your staff. Below are a few tips for stream
Read the article →Maintaining accurate accounting records is sometimes thought of as a secondary responsibility of owning rental properties but understanding the accounting process is essential to your success (even if you have an accountant to help you out). Not only does it enable you to take advantage of tax benef
Read the article →A free, data-backed rent evaluation using our own portfolio numbers and current market comps.
