Very few people want to spend their time calculating capital depreciation. Or make an effort to maintain detailed records of expenses.If you're a landlord though, rental property accounting isn't just a nicety, but a must. This is crucial to ensure your ongoing success.Ot...
Why Every Landlord Needs a Leasing Management Solution
By Kathy Scott Wednesday, June 7, 2023
Have you heard that the rent in America has been on the rise since 2022?Rental leasing is an essential aspect of keeping tenants for the long haul. This involves creating, processing, and renewing property leases.To make this process much more efficient, every landlord needs a le...
Owning a Rental Property: Should You Allow Pets in Your Rental Property?
By Kathy Scott Wednesday, May 24, 2023
Did you know that around 70% of U.S. households have pets? As a result, landlords often get bombarded with applications from pet owners.But should you accept pets in a rental property? Agreeing to this has pros and cons, so you should consider it thoroughly before deciding.As a l...
How Often Should You Visit Your Out-of-State Rental Property?
By Kathy Scott Monday, May 22, 2023
InvestInvesting in rental properties outside your immediate area or even in a different state can be a lucrative venture. While the distance may seem daunting, advancements in technology and efficient property management services have made it easier than ever to stay connected an...
5 Strategies to Become a Successful Real Estate Investor
By Kathy Scott Wednesday, May 10, 2023
Real estate investing has become an increasingly popular way for people to build wealth and achieve financial freedom. However, it is not a quick and easy road to success.Becoming a successful real estate investor requires dedication, hard work, and a solid strategy. It's ess...
House Hunting 101: What Is a Purchase Agreement?
By Kathy Scott Tuesday, April 25, 2023
Home prices are dropping fast in 2023! So if you’re ready to become a homeowner, now’s your chance.Buying a house is the most fulfilling investment you’ll ever make, and it’s important to understand all the details. Read your purchase agreement carefully a...
Get Real (Estate): How to Evaluate Potential Income Properties
By Kathy Scott Tuesday, April 11, 2023
Do you know the 1% rule?This rule states that when you buy a house as an investment property, you need the rent to be at least 1% of the acquisition price. This includes the price for the home, renovations, and any other costs you have to put in upfront.But what else should you k...
What Landlords Need to Know About Tenant Background Checks
By Kathy Scott Thursday, March 23, 2023
If you're a landlord, you probably want to avoid risking your real estate property by renting to a criminal. But one in three Americans has a criminal record of some kind. Your new tenant is likely to be a criminal.To keep criminals and other irresponsible individuals out of ...
Understanding the Benefits of Professional Property Maintenance
By Kathy Scott Thursday, March 9, 2023
There are approximately 19.95 million rental properties in the US, and individual investors own 70% of these properties. With so much potential to grow your rental property business, it's important to remember you can't do it all on your own.If you don't have property...
What to Know About Eviction Protection in Texas
By Kathy Scott Thursday, February 23, 2023
It's been an eventful few years in the rental market, from the expiration of the CARES Act moratorium to ongoing affordability challenges. And while no one likes to think about eviction, there may come a time when you need to know about the process and eviction protection in ...