Some people will tell you that investing in rental properties is the key to making money. They tell you that you can buy a property, live in it for a couple of years to take advantage of the federal income tax deduction on your mortgage interest, and then rent it out. The rental payments should cover the mortgage payment, leaving you with extra money in your pocket each month. And when you eventually sell...
Rent
When you buy a property, you may have some ideas about what you want to do with it. One option can be to equip it with everything required to rent it out to others. This can involve looking into every detail to see how to make it safe, functional, and comfortable for short and long-term tenants. Although this may require a lot of work to start with, over time this could allow you to reap a...
Being a landlord isn’t about collecting rent payments and making an easy profit. In fact, managing a property portfolio is an entire job in itself, requiring a lot of attention to detail and business acumen. As a landlord, you’ll have to stay up to date with laws and regulations, taxes, property maintenance, tenant checks, listing properties and accounting, so taking on this role can...
The COVID-19 pandemic has had a significant impact on the rental industry. Property managers and landlords struggle to keep their businesses afloat, while tenants find it difficult to rent properties in this uncertain economy. This article will explore how the COVID-19 pandemic has affected the rental industry and offer tips for landlords and tenants from the experts at Just Landlords. How it...
One of the most important aspects of running any business, but especially when you’re managing rental property, is having adequate software to do so. The right property management software can help you streamline your business so that it’s easier to manage day-to-day tasks. Many landlords even claim that using the right software has helped them earn more money through their...
Owning a rental property can be a very lucrative and rewarding investment. Once you own the property there are lots of things you should consider to ensure customers have an enjoyable experience and want to return again and again. Word of mouth is very influential within the holiday home market, so it benefits you greatly if your guests are speaking highly of your property. Local...
Almost 50% of residents of France, Austria, and Germany live in rental apartments. Some can't afford to buy property, but most enjoy the fewer responsibilities that renting brings. Tenants are usually the people who don't like staying in one place for too long. And if something breaks, they can always rely on landlords to fix it. For those who are already tenants, renting may seem easy....
Living overseas is a fantastic way to experience new cultures and see the world. However, finding the right place to live can be a challenge. Renting can be difficult if you don't know the local customs and languages. One way to make the process easier is by renting an apartment or house from a private landlord. Here are some tips for renting an apartment overseas. Do Your ResearchThere are a...
The basic obligations of a landlord include keeping the property safe, clean, and habitable. They must also be able to implement comprehensive screening tests on prospective tenants that involve criminal background, tenant credit, and eviction checks. With the help of landlord software, landlords can effectively manage rental properties. Additionally, modern software solutions are easily...
Young adults and those who have lived with others thus far may have never needed to take responsibility for accommodation before. Should you wish to move out on your own, and not want to, or be able to, get onto the real estate ladder, you may instead want to find a place to rent. There are certain responsibilities that you may need to take on as a tenant, especially if you want to renew your lease at...