tenantcloud Podcast

Typically there are two categories of landlords out there: the professional landlords and the amateur ones. The latter are often referred to as 'accidental landlords'- people who never treated their home as a long-term business investment, but have become real estate investors due to life circumstances.

Investing in residential or commercial rental properties has always been an attractive idea. Although this type of investment requires an initial outlay, it's a rewarding solution often associated with high ROI and ongoing passive income.

Why do you think some landlords become successful entrepreneurs while others have a hard time developing their rental business? The harsh truth is that landlording isn't for everyone. But fortunately, there are a few traits any landlord can develop in order to build wealth while running a property management business.

The value of your rental depends on a range of factors including its size, overall condition, infrastructure, etc. If maximizing ROI of rental properties is a priority, finding effective ways to enhance the value of your rentals should be on your to-do list.

Compact apartments are budget-friendly spaces that require less cleaning, less maintenance, and lower rent. For a lot of prospective tenants, those are all huge perks! It is important to properly highlight them to get maximum exposure for smaller-sized rentals.

Preparing rentals for the winter season is essential for every landlord. Imagine getting a maintenance call to clean a chimney or clogged gutters on New Year's Eve. Naturally, nobody would be thrilled about it- that's why you need to take a few steps to get your rental ready now before bad weather and the holidays arrive.

What's the difference between a tenant and a long-term guest? They both occupy the rental and take advantage of apartment amenities. But only one of them is on the lease and is fully responsible for rent payments. The question is: "Who's this other person? And what are they doing in my rental property for a month or so?"

If you take care of things, they last. If you take care of your rental properties, you're likely to minimize tenant turnaround by attracting long-term renters. Bonus: well-maintained rentals never stay vacant for too long.

Halloween is just around the corner, so it's high time to decorate your rentals (if you haven't done it yet). To do so, you will need to use your creativity and bring several pumpkins to make the rental look fabulous for the Halloween season. You might ask why. Well, there is an unspoken competition among tenants for the best Halloween decorations.

The way you organize your schedule says a lot about you as a DIY landlord or property manager. Effective time management allows you to completely take control of your schedule and therefore boost personal productivity. Do you currently manage your time efficiently and prioritize the most important tasks? If not, what's missing from your daily routine?