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If you live in an area with rough winters, preparing your rental property is crucial. Getting your home ready for winter can significantly improve the value of your rental property over time. Moreover, it can help you keep your tenants happy and your rental income...

Change is constant. Whether you're a first-time or long-distance landlord, you need to stay on top of your property’s condition. This can be made most complicated because the state of your property is always evolving. It's a dynamic entity, influenced by weather, wear...

You've likely heard about rising interest rates and may be wondering what this means for your rental property investments. The good news is you're still in a strong position. Higher interest rates can be daunting, especially when considering new property purchases or...

Compared to marketing and strategizing to attract new prospective renters, retaining tenants is relatively easier. When you establish long-term residents, you generate stable earnings which can finance renovation projects to enhance the value of your rental property....

Being a landlord can be a lucrative business, but owning a rental property involves a lot of expenses. It’s crucial to plan your budget and anticipate your expenses to avoid overspending.  However, no matter how much you plan your budget, there are hidden costs for...

Owning a rental property is a great investment. It helps you earn a stable passive income and grow your equity over time. However, managing a rental property is not always a walk in the park. Many landlords struggle with rent collection.  Chasing tenant payments down...

Growing your wealth entails pursuing investment opportunities. In pursuit of building your portfolio, you might wonder whether you should invest your funds in the stock market or the real estate industry. But each type of investment provides different advantages....

Handling paperwork can be daunting for landlords. However, it’s one of the most important responsibilities you have. A very helpful document to have on hand is a move-out letter. A move-out letter notifies your tenant of your expectations when they come to the end of...

Do you own rental property and need ways to retain good tenants? Retaining tenants can be a challenge but with the right strategies, you can create a successful rental property business. High tenant turnover can be costly. What’s more, as a landlord, you’ll be...