Real estate wholesaling is a cost-effective way to start investing in real estate if you have limited funds and are looking for a short-term investment approach. The low financial barrier to entry and not having to manage tenants and rental properties, or house-flipping projects, make real estate wholesaling a great option for new investors. However,…
Real Estate Investing & Rental Management
House-flipping Calculator: Analyze Your Property for Maximum Value
A house-flipping calculator is a powerful tool that calculates crucial financial data related to your property transformation projects. Whether you’re a seasoned real estate investor or an aspiring flipper, understanding the intricacies of potential profits and costs is essential. This calculator assists you in determining key metrics, such as the potential return on investment (ROI),…
Free Month-to-Month Rental Agreement Template & What to Include
A month-to-month rental agreement is used for short-term property rentals and includes vital information about the lease terms, payments, and tenant and landlord expectations. Every state has varying rules and restrictions that will impact the specific contents of an agreement. Still, it’s important to start with a thorough month-to-month lease template for your property that…
Rent Concession Guide for Landlords: When to Offer + Pros & Cons
Property management success is driven by continuous tenant retention and attraction. In some cases, you’ll have to make way for rent concessions to retain a percentage of residents. Thus, it is important to understand what a rent concession is. It is a benefit or discount offered to entice and persuade people to sign or renew…
How to Hire a Property Manager in 8 Steps
Investors benefit from hiring a property manager to handle maintenance and daily responsibilities, allowing them to focus on more investments and personal interests. When learning how to hire a property manager, it’s essential to define your needs and budget. You must also thoroughly research possible candidates—including their personality, experience, and communication skills—to identify a compatible…
TurboTenant Review: Is It Right for Your Business?
TurboTenant is a free property management tool and one of our best tenant screening services for landlords earning a rating of 4.59 out of 5. We arrived at this score based on weighted factors essential to tenant screening, like ease of use, help and support, customer support, and features like rental listing management, finance tracker,…
How to Evict a Tenant in 7 Steps (+ Free Quit Notices)
Learning how to evict a tenant requires extensive research and understanding of the eviction process and laws. Landlords must follow the proper steps on how to evict someone from their property and have legal grounds to conduct eviction, such as tenants failing to pay rent or causing property damage. If landlords do not act quickly…
What Does a Property Manager Do? Duties, Costs & When to Hire
Property managers handle residential and commercial real estate for property owners and investors. Their duties encompass a variety of property management, maintenance, tenant selection, and rent collection tasks. However, the specific responsibilities of a property manager depend on property type, contract terms, and compensation. On average, property managers cost from 8% to 12% of the…