best rental unit update

10 Rental Unit Updates with the Highest Return on Investment

June 17, 2023Posted inInvestors, Landlords, Tenants
When it comes to maximizing the return on investment for rental properties, strategic updates and renovations play a crucial role. By making targeted improvements, landlords can attract quality tenants, increase rental rates, and enhance the overall value of their rental units. In this article, we will explore the top 10 rental unit updates that have consistently shown the highest return on investment, along with some tips for making those updates effectively.
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Requiring a Guarantor or Cosigner for a Rental Agreement: A Guide to Ensuring Financial Security

June 2, 2023Posted inTenants
When entering into a rental agreement, landlords often face the challenge of assessing the financial stability and reliability of prospective tenants. To mitigate risks associated with potential defaults on rent payments or other lease obligations, landlords commonly require a guarantor or cosigner. These individuals provide an added layer of financial security, ensuring that the landlord's interests are protected. In this article, we will explore the significance of requiring a guarantor or cosigner, their roles and responsibilities, the benefits and drawbacks for all parties involved, and important considerations when implementing such agreements.
Eviction for a self-managing landlord

Eviction for a self-managing landlord

January 24, 2023Posted inLandlords, Tenants
Eviction can be a difficult and stressful process for any landlord, but it can be especially challenging for self-managing landlords who may not have the same resources or support as larger property management companies. However, by understanding the legal process and being prepared, self-managing landlords can navigate the eviction process with confidence.
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How to Verify Renter’s Income

August 18, 2022Posted inLandlords, Tenants
The prospective tenant's ability to pay is one of the most important screening criteria for landlords in any turnover. Failure to make payment is the most common reason leading up to premature termination of the lease, and sometimes, eviction.
low section of man against sky

House Hacking: How to build a financial runway in your 20s and 30s

September 20, 2021Posted inLandlords, Tenants
In response to rising inflation impacting the real estate landscape, house hacking emerges as a top strategy for young adults seeking affordable homeownership options. As housing prices soar, this method provides an unparalleled financial advantage, often surpassing the benefits of even the most significant salary increments. Drawing from personal experience, I can attest to the wealth-building potential of house hacking over several years.