172 articles on property management education, written by the team that manages 700+ rental units across the Columbus metro. Page 3 of 8.
Investing in real estate in a bustling location like Powell, Ohio, can be highly rewarding, but ensuring maximum returns requires a hands-on approach. That’s where professional property management in Powell comes in, providing essential services to help rental property owners succeed. For both new a
Read the article →Planning capital expenditures, such as roof replacements, HVAC upgrades, or major renovations, requires more than just budgeting. Timing is critical. Well-timed investments can maximize ROI, attract new tenants, and improve long-term property value. On the other hand, poorly timed upgrades can lead to
Read the article →When it comes to increasing the value of your rental property, not all upgrades offer the same return on investment (ROI). Strategic capital improvements can enhance both market value and rentability, but the key is knowing which improvements offer the most impact. Investing wisely requires an under
Read the article →Are you a landlord, investor, or simply curious about property management? Navigating the ins and outs of managing rental properties can be challenging, especially with local regulations, tenant interactions, maintenance, and financial considerations to juggle. That’s where RL Property Management st
Read the article →Owning rental properties can be rewarding, but it also comes with unexpected challenges. From plumbing emergencies to foundation issues, unforeseen repairs can quickly strain your finances. That’s why having a reserve fund isn’t just a good idea, it’s essential. Without proper financial preparation,
Read the article →Navigating the world of real estate investing in an area like Dublin, Ohio, can be exciting and profitable. However, maximizing success requires a thoughtful strategy and constant oversight. This is where property management in Dublin, Ohio steps in to simplify the journey for rental property owners
Read the article →When tenants miss payments, it can disrupt your cash flow and create stress for landlords. Whether due to financial difficulties, forgetfulness, or misunderstandings, missed payments can escalate into ongoing issues, legal trouble, or even eviction if not addressed promptly. Having a clear plan to h
Read the article →You already know that first impressions matter, but did you know that they matter enough to influence lease renewal? While surprising to some, studies suggest that most residents have already made up their minds about renewal within the first few weeks of moving into a property. So, what does that m
Read the article →Guess what? You don’t have to commit to a 12-month lease agreement. The length of your lease can be whatever you want it to be, and while 12 months is typically a standard length, there are good reasons why you may not always want yours to be. Modifying Your Lease Length Can Be Good for
Read the article →First-time property investors often ask if there is a rule of thumb for calculating maintenance costs. While it would certainly be easier from a budget planning perspective to apply a blanket rule when deciding how much to set aside in reserves, an approach like this is far less accurate. To be succ
Read the article →Maintenance is a reality for any property owner. Whether it’s routine upkeep to ensure property values continue to rise or a middle-of-the-night emergency, someone needs to give ongoing attention to the places we and our tenants reside. For landlords and property managers, this of course extends to
Read the article →A well-drafted lease agreement protects your interests as a landlord as well as your tenants’. If it’s been some time since you’ve reviewed your lease agreement or if you’re drafting one for the first time, read on for some important clauses to include. 5 Essential Terms to Include in Your Rental Le
Read the article →Depreciation in real estate is a tax strategy that, when used effectively, can help you be even more successful with your investment. Here are some key things to know about building wealth with depreciation. Depreciation as Defined by the IRS Depreciation is an accounting term in which the IRS allow
Read the article →If you own rental property, you are a landlord. Whether or not you manage the property yourself, you still own the space and any final decisions regarding the property will always be yours. As you pursue a path in real estate investing, it’s imperative to consider your willingness to become a landlo
Read the article →Personal Finance 101 tells us to always save for a rainy day, but as property investors, it’s more like we need to save for rainy months. An emergency fund, also referred to as a reserves account, helps shield you from financial disaster when other types of unexpected disasters strike. And strike th
Read the article →Getting a property ready to rent for the first time or turning over a unit between tenants should be done with speed and efficiency. The faster you do it, the more rental income you can earn and the lower your overall vacancy rate will be. The more experience you get turning over a rental unit,
Read the article →The services property management companies provide will vary from business to business, but there are a few general services you should expect regardless of which company you engage. Those include leasing, rent collection and maintenance. Many investors who choose to partner with a PM company do so
Read the article →Real estate is among the strongest-performing asset classes for investors, and its performance generally only goes up the longer you hold on to the property. That means even if you do nothing (other than maintain the property), its value will increase and you will generate monthly rental income so l
Read the article →Establishing a diversified portfolio can help set a strong foundation for financial success for years to come. Taking steps now to grow your real estate portfolio is an effective way to build multi-generational wealth for you and your family, but there’s never a guarantee of success. When attempting
Read the article →Investing in rental property can be a lucrative asset class, which is why it’s all the more important to have adequate insurance coverage in place to protect yourself and your investment from potential losses, claims from a tenant, or even a potential lawsuit. Here are a few things to keep in mind a
Read the article →Understanding the cash flow potential of a rental property in Franklin County requires you to make several assumptions about income and expenses. Predicting income is a relatively straightforward process as there is generally just a single variable contributing to income, the monthly rent you charg
Read the article →Cash flow is rent collected, minus a vacancy allowance, minus operating expenses, minus principal and interest. Most owners get it wrong in three places: the rent comp, the property tax reset after purchase, and the reserve they never funded. Here is the Columbus version, line by line.
Read the article →One of the biggest responsibilities property owners and property managers face is maintenance. Not only is it a big responsibility because, well, no heat in January can send your tenants into a fury, but effective maintenance management also contributes significantly to the overall profitability of
Read the article →When you choose to invest in real estate, you’re doing so because of the growth opportunities, not because you’re looking for more work or like being awoken in the middle of the night by a tenant emergency. No, you’re looking to turn a profit. While there are many types of properties in Franklin Cou
Read the article →A free, data-backed rent evaluation using our own portfolio numbers and current market comps.
