Guide to Making a Solid Lease Agreement for Your Rental Property

Verbal agreements are easy to make but can be hard to keep on top of. So, with your rental business, it’s essential to create a clear leasing agreement and have a clear understanding and acceptance of the terms and conditions stated on the document. The lease should outline the responsibilities...

Best Questions to Ask a Property Manager Before Hiring

Not all property managers are created equally. So, if you’re looking to hire one, you should certainly do your due diligence. After all, they will be managing a very valuable asset on your behalf. So, when you are looking to hire a property management company, it's important to know what...

How to Calculate the ROI On A Property Investment

How to Calculate the ROI On A Property Investment If you buy or convert the right property, in the right location, target the right tenants, and be a great landlord. You probably gain yourself a recurring passive income for many years to come. What’s more, your property would probably also...

How to Convert Your Home into a Rental Property

If you’re looking at buying a new property, that doesn’t necessarily mean you need to sell your old one. Renting out a home can provide a great improvement to your overall income. For one, there is the potential to earn a passive income. Second, renting out your property can help...

How to Avoid Water Damage in Your Rental Property

When there’s a leak in your house, the size of damage can be massive. This also ends up being costly for you. In fact, statistics reveal that up to $13 billion is spent every year in the country on the cost of water damage and removal. As a landlord, your...

How to Be a Long-Distance Landlord

Initially, you may never consider being a long-distance landlord. But events can sometimes occur that lead to unpredictable changes. You may be offered a better job in another state, or you may desire to live in a sunnier place when you retire. Whatever the reason for moving, converting your residential...

Tax Season Tips for Landlords

The tax season can be very intimidating for many people in business, especially landlords. Federal tax regulations are quite strict when it comes to rental property ownership and a minor error could end up costing your rental property investment dearly. For this reason, it’s very important that you understand how...

How to Boost Your Rental Property’s Curb Appeal

Do you want to make a great first impression on people when they view your property? Invest some time into improving your rental's curb appeal! Many landlords make an effort to get the interior of the property rent-ready by conducting maintenance and upgrades. However, if the curb appeal of your...

Is a Month-to-Month Rental Lease Better for Landlords?

To enjoy the benefits of rental property ownership, you must lease out your property. You will have two options, either a month-to-month lease or a long-term lease. Which is the better option to achieve your investment goals? This article will provide an overview of what it looks like to choose a...

9 Landlord Tips to Have Better Relationships with Your Louisville Tenants

Establishing a good relationship with your tenant is beneficial in more ways than one. For a landlord, it may mean a high tenant retention ratio and minimum vacancies. In turn, this will directly affect your passive income in a positive way.  Also, your tenant can prove useful in the tenant...