Being a real estate investor, you might know about an LLC incorporation. And, how Incorporating your rental property under LLC protects your personal assets in case of a liability. But before you transfer your rental property to LLC, you must understand the
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Good tenants can make up your business and bad tenants can throw you out of your business. But how do you distinguish between the two? Certainly, you do have a provision of a tenant screening for the process. But even before screening
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Rental Business in itself is a tricky business and making family and friends your customers is sailing two boats at a time. And you certainly know where you end up like this. Am I exaggerating too much? Let me tell you why.
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Isn`t it more convenient to simply write “Free Rental Lease Agreement” in Google and download the copy that pops on your screen? Why would even bother to go for a custom lease agreement? After all, you need to pay extra bucks and
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It is a common sight to have maintenance requests from your tenants. And being a landlord, it is your responsibility to provide a warranty of habitability to the tenants. So, whenever any maintenance issue arises; the tenants assume it to be a
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Do you know the best thing about owning a rental property? Yes, having tenants that miss you so much that they call you now and then. Chuckles! they are not concerned about your well-being (Be glad, if they do). They just wanted
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On several occasions, landlords are required to prorate the rent. And, not having the right information about prorated rent; you can stuck in tricky situations. Though, prorating rent is not as difficult as it seems to some landlords. Calculating prorated rent is
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It becomes real important for a landlord to act when neighbors are complaining about noise coming from your rental apartment. Be it the noise complaint from fellow tenants in your rental or the neighbors around your property, you have to act fast.
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So, your tenant has given the notice to vacate and now you are wondering what to do? Being a Landlord, you are required to take the immediate steps. You need to ensure that the tenant complies by the lease and will return
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The best thing about having a rental business is its passive nature. But by being someone who actively manages the landlord business, you are at a mistake. If your business allows and you have the margin to share your profits, you should
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