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5 Best Accounting Software for Small Landlord in 2023

March 20, 2023Posted inFeatures, Landlords, Product
As a small landlord, managing your finances can be a daunting task. You need to keep track of rent payments, expenses, and taxes, while also ensuring that your properties are well-maintained and your tenants are happy. Fortunately, there are several accounting software options available that can help you manage your finances more efficiently. In this article, we will discuss the top accounting software options for small landlords.
Top 10 Property Management Software for Self-managing Landlords in 2023

Top 10 Property Management Software for Self-managing Landlords in 2023

March 10, 2023Posted inFeatures, News
If you're a small landlord, managing a rental property can be a challenging task. From screening potential tenants, collecting rent, managing maintenance requests, to tracking expenses, there are many things to keep track of. Thankfully, property management software can help simplify the process and make it easier to manage your properties. In this article, we will review the 10 best property management software for small landlords in 2023.
rental turnover

How to handle rental turnover effectively

February 9, 2023Posted inInvestors, Landlords
Rental property turnover is an essential aspect of the real estate industry and one that landlords must pay close attention to. It refers to the process of a tenant vacating a property and a new tenant moving in. The rate of rental property turnover is a significant determinant of the success of a rental business, as it affects the financial performance and stability of the properties. A high turnover rate can lead to a steady flow of income, but it can also come with some challenges. This article will delve into the various aspects of rental property turnover, its impact on landlords, and tips for managing it effectively.
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.
house-hacking

Why new real estate investor should consider house hacking

January 18, 2023Posted inInvestors, Landlords
House hacking is a strategy in which an individual purchases a property and rents out a portion of it in order to offset their housing expenses. This can be done by purchasing a multi-unit property, such as a duplex or triplex, or by purchasing a single-family home and renting out rooms. The benefits of house hacking are numerous and can help individuals achieve financial stability and even wealth over time.
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How to prescreen prospective tenants?

January 17, 2023Posted inLandlords
Prescreening prospective tenants is essential to reduce your overall turnover time commitment while still getting the best tenant possible. A quick phone call or a short survey can quickly filter out prospects that are either not eligible or aren't a good fit (typically due to timing). So, in this article, we'll discuss the benefits of prescreening, how to do it properly, and certain things to watch out for.
black calculator near ballpoint pen on white printed paper

Landlord Accounting Basics – Basic Approach

January 9, 2023Posted inFeatures, Landlords, Product
Managing rental properties is no different from running a small business, and it's crucial to get the bookkeeping and accounting processes right, especially for self-managing landlords. The minimum bookkeeping standards should meet the IRS bookkeeping requirements for compliance. In addition to being compliant, we should also setup our system in a way that's efficient for us to handle all the tedious accounting tasks.