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Should I self-manage rental properties?

January 3, 2023Posted inInvestors, Landlords
If your goal is to stay passive and hands-free, using a property management service would be a reasonable choice. If your goal is to become financially independent and successful in the long run, self-managing rental properties are essential. In this article, we discuss the real value proposition of a property management service and how is applicable to you, as a landlord. So, you can make a better-informed decision on how to manage your rental properties.
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5 Most Common Landlord Mistakes

December 27, 2022Posted inInvestors, Landlords
For some, it may sound easy to be a landlord, just acquire a property, make necessary repairs and rent it out to tenants. As long as the rent covers the mortgage, tax, and insurance, you can make cash flow each month. However, the truth is that to successfully manage a rental portfolio, it takes more than doing the math right during the acquisition, it also requires you to be professional and have business thinking during the management process.
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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.
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Prospective Tenant No Show? Here is How to Solve it

September 30, 2021Posted inFeatures, Landlords, Product
As a new landlord who self-manages the properties, one of the first things I came across while turning over a vacant unit is the "prospective tenant no-show". Someone probably saw my listing on Zillow or Zumper, and casually send me a message saying that he/she is interested. Then, I, being a proactive landlord and eager to minimize vacancies, responded to the inquiry quickly. And, after few brief exchanges, I put down a showing time for 6pm tomorrow.
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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.
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Independent Landlord’s Survival Guide in the Post-pandemic World

August 27, 2021Posted inFeatures, Landlords
To survive in the post-pandemic world as an independent landlord, we really have to stay focused on our long-term strategy, adopt a more modern approach process to make daily operation more frictionless, and be cooperative and flexible when it comes to facing challenging situations with tenants. In the end, being a good landlord is not just about "maintaining good cash flow", but also about having happy "customers" (tenants) for your business.
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3 Things to Do Before Filing for Eviction

August 26, 2021Posted inLandlords
One very important thing to keep in mind is that while landlords and property managers do have the right to evict a tenant for nonpayment, such a "nuclear" option should be used with discretion as it disproportionally and adversely affects the tenants. So, consider these three options before filing an eviction to rid of a nonpaying tenant.