How to Manage Your First Rental Property
How to Manage Your First Rental Property
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How to Successfully Manage Your First Ever Rental Property
New to rental property management? From setting rental rates to avoiding problem tenants, property managers have a lot on their plate! Done right, a rental can be a great way to earn some extra income or pay off the mortgage on a new home. But rental profitability is far from guaranteed. No matter how much work you put into making repairs, marketing, and interviewing tenants, good property management skills are essential to success. Check out the following list of resources for help turning your property into a lucrative investment.
Set Realistic Rental Rates
Setting rental rates can be surprisingly challenging—too low and you will lose out on profits, too high and you will have a hard time attracting clients.
How Much Should I Charge for Rent: A Guide to Rental Rates
Why Renting Your Property Below Market Value Isn’t A Great Idea
How to Raise the Rent in 4 Easy Steps
Here’s What Landlords Do With Your Rent Payment Every Month
Find Ways to Save
If you want to maximize the profitability of your rental property, you will need to take care of everything yourself.
Should You Manage Your Rental Properties Yourself?
5 Pesky Property Management Tasks That Can Be Automated
The Importance Of Preventive Maintenance on Properties
Fixing Up Your Investment Property for Rental Income: Where to Splurge, What to Skip
Think Like a Marketing Pro
Great marketing skills are essential for competing with other rentals, finding the perfect tenants, and keeping your rental rates where you want them.
How to Identify a Target Market for Your Rental Properties In 5 Steps
How to Market Your Rental Property Like a Pro
7 Rental Property Marketing Ideas: Social Media Edition
Avoid Bad Tenants
Bad tenants can cost you a lot of money in missed rent payments and property damage—not to mention plenty of headaches!
8 Screening Questions for Potential Tenants (and Some You Can’t Ask)
How to Do a Background Check on a Tenant or Renter
How Do I Stop Renting to Bad Tenants?
The Secret to Minimizing Late Rent Payments
Running a rental property is a learning process, so you’re bound to run into a few bumps and barriers as you explore this new venture. Get started in the right direction by learning everything you can about managing a rental. Doing plenty of research and planning your approach will help you ensure success, even if being a landlord is completely new to you.
