Resources for Landlords and Real Estate Investors

Current Posts

What Should I Do if my Tenant Declares Bankruptcy?

Landlords count on receiving consistent rental payments to run a profitable business. So, the prospect of a tenant filing for bankruptcy may induce significant alarm. Landlords may ask themselves, “Can I evict the tenants? Should I let them stay in the unit rent-free? Will I ever receive their overdue rent?” Read on to find out … Read More

What Landlords Need to Know About EV Charging

Electric vehicles (EVs) are becoming more popular all the time. Car manufacturers continue to increase their production of EVs, and charging stations are popping up in more workplaces and public parking lots. While purchasing these vehicles remains expensive, consumers find the environmental benefits and cost savings worth the initial price. In fact, so many consumers … Read More

5 Tips to Improve Your Rental Property Bookkeeping

The satisfaction of keeping detailed financial records probably isn’t the top reason most landlords invest in rental property. However, accurate bookkeeping affects your business’s tax deductions, protects you legally, and ensures sufficient cash flow. Here are five tips for making your rental property bookkeeping as accurate and painless as possible: 1. Keep separate personal and … Read More

10 Lease Clauses That Protect Landlords

To you, as a landlord, your lease is the most essential document in your rental property business. It outlines your and your tenant’s rights and responsibilities and is your first resource when questions arise. Additionally, a well-drafted agreement can provide critical protections for the landlord. Here are ten types of clauses to consider when drafting … Read More

Book Review: First-Time Landlord’s Guide

On the surface, being a landlord may look like an easy, straightforward way to earn money. However, new rental property owners quickly learn that the landlord’s role involves many complexities. Apart from maintaining the property and vetting prospective tenants, landlords must collect late rent, handle tenant complaints, and organize records. For all these common quandaries, … Read More

Should I Create an LLC for My Rental Property?

Owning a rental property exposes landlords to many legal risks—from on-site injury claims to disgruntled tenants’ lawsuits. Every business will have different needs, depending on its size, ownership structure, and local laws. The right insurance should provide some measure of coverage. However, many landlords incorporate another layer of business protection by creating an LLC for … Read More

7 Tips for Dealing with Demanding Tenants

Landlords often devote most of their time to a small percentage of their tenants. Whether these renters are endlessly complaining, asking for rent extensions, or requesting maintenance at night, a demanding tenant drains your financial and emotional resources. Here are some ideas for improving your interactions with these challenging renters: Listen to understand. Open communication … Read More

7 Ways to Attract Tenants in a Tough Market

The rental market can be unpredictable. Some available units fill almost instantly one year, while vacancies sit open for months the following year. However, rental properties are only beneficial investments if they’re occupied by rent-paying tenants, so a tough market may require extra effort and creativity. 7 tips to make your unit stand out Rental … Read More

A Landlord’s Guide to Basic Real Estate Terms

Getting started as a landlord can be intimidating as you navigate maintaining a rental property while working with individual tenants. There’s also enough new terminology to make anyone’s head spin! Read on for the definitions of twenty common real estate expressions to get you started. Abatement is a lease term or legal provision allowing a … Read More