I always let the market tell me if my rental rates need to be changed. If my occupancy rate is 100% and there is a waiting list I know that I could probably raise my rents. The first step is to raise the rate for new tenants. If I’m still able to attract new tenants [...]

What is the right amount to charge for rent? The answer will vary depending on your objective. Is your primary goal to maximize the amount of money you can get right now? Are you more concerned with keeping your units occupied for the long term? Do you want a large pool of prospective tenant to [...]

If you want to keep your rental unit occupied you must develop an effective system for handling tenant complaints. No tenant will remain in a place where major or minor repair problem are not addressed. Because tenants are not owners they often do not feel it is their responsibility to fix anything. Here are some [...]

Getting a good tenant is one of the most important tasks you will face as a landlord. Although you may be tempted to take the first person with money in hand, that is not a good idea. If you get a bad tenant it could take up to two months to get them evicted once [...]

Don’t get caught up in the hype of owning investment property without considering whether or not you would make a good landlord. Here are some things to consider: Are you even tempered? Tenants come in all shape, sizes, and dispositions. If you’re lucky you’ll get one that pays his rent on time and never complains. [...]