When you have fantastic tenants who take good care of their units and pay responsibly, being a landlord is smooth sailing. However, a landlord’s job is a two-way street, and it takes work to keep your best tenants around long-term. If you are struggling to keep your tenants longer than not, consider the following things you can do.
Posts Tagged ‘ landlord ’
Passive income is always desirable. Who doesn’t love the idea of reaping in wages without doing much work in the long-term? However, some may wish to be more involved in the process. When dealing with real estate, one has many options from which to choose and can take on the role of a landlord or a real estate investor. To see which one might be a better fit for you, read the brief analysis below.
A landlord has options when it comes to real estate. He can take on either residential or commercial properties, with plenty of subsets within each category. While there are numerous benefits in managing residential real estate, commercial property also has its benefits for landlords. See below a few reasons why commercial real estate might be a better fit for you.
When looking for a place to rent, one has a world of possibilities open to him. The type of building, the amenities, the location, and more are all at one’s front door of life. One of the most critical questions a future tenant can ask is about who manages the property and how. This fact can make a bigger difference than one might expect. Here’s what to know about renting from a landlord vs. a property manager.
As a landlord, you will most likely run into the problem of a guest who is staying longer than he should. It can be easy for someone to slip into a rental legally, but continue to camp out there longer than is comfortable. It is important to catch these incidents early on, to know the law, and to establish a guest policy before this issue ever happens.
Investing in commercial real estate to become a landlord is a worthy way of making a living or extra income. It is a stable way of making a passive income, particularly if you hire a property manager. The hard part about it, though, is that many people do not have the capital for a downpayment on an investment property. Thankfully, investors have discovered several viable ways to become a landlord with little to no money. Does it sound too good to be true? Read on below.