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Top 5 Mistakes New Landlords Make and How to Avoid Them

Real Property Management Evertrust

Failing to Properly Screen Tenants The Mistake: Many new landlords are so eager to fill their rental units that they skip or rush through tenant screening. Underestimating the Costs of Maintenance The Mistake: Some new landlords think the rent they collect is pure profit, forgetting to budget for inevitable repairs and maintenance.

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Fire insurance 101: What landlords & property managers need to know

Buildium

As a property manager, there are plenty of measures you can take to prevent fires at your owners propertiesregular inspection and maintenance of smoke detectors and fire extinguishers, tenant education on fire hazards, updating electrical systems and appliances, to name a few. But what if that worst-case scenario does occur?

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6 Essential Rental Property Maintenance Practices

Property Management Inc.

When it comes to a landlord's long-term success, there is nothing as important as property maintenance. Here are six essential maintenance practices you can implement for a winning property maintenance strategy. Having the tools and materials to do routine maintenance tasks can make things much smoother.

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Spring Home Maintenance Checklist

MRI Software

For landlords and property managers, this season is the perfect opportunity for essential property maintenance tasks. This spring home maintenance checklist will guide you through essential interior and exterior maintenance tasks to keep your properties safe, efficient, and appealing to current and prospective tenants.

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Meet the Experts: AAOA Rental Housing Conference 2024 Speaker Lineup

American Apartment Owners Association

Managing Partner of Education, Kimball, Tirey & St. Speakers: Gary Lipsky CEO, Break of Day Capital Gary Lipsky is a real estate entrepreneur focused on Multifamily Syndications and has acquired 3000+ units with a total value of $250MM. Tracey Merrell, Esq.

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Navigating the New Era: The Comprehensive Impact of AB12 on California's Property Management Industry

Authority Property Management

Maintenance and Repair Mandates: Requiring landlords to address maintenance issues more promptly. Tenant Rights Education: Mandating educational programs for tenants on their rights and responsibilities. Investing in technology and streamlining maintenance processes will be crucial to maintaining profitability.”

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What is the Average Cash Flow on a Rental Property?

American Apartment Owners Association

You have to advertise, screen the prospective tenant, write up a new lease, prepare the unit for your new tenant and more. Being upfront with your tenants about rent, providing useful amenities and fulfilling maintenance requests in a timely manner can all go a long way towards high tenant retention.