How To Minimize Vacancy Rates In Your Rental Properties
To keep earning a regular income, you must ensure that your rental units are fully occupied. We created a list of tips below that you can apply to reduce property vacancies. Aim To Attract Long-Term Residents To avoid dealing with property vacancies, you should make it a goal to draw and keep tenants for the long term. Make sure that the renters you choose will pay on time, comply with property policies, and treat your unit well. Create A Good Initial Interaction During Move-In Residents will often recall how you engaged with them on the first …
Why You Should Invest in Real Estate Over the Stock Market
Investing provides a strategic way to grow wealth and ensure long-term financial security. Among the most popular investment options are real estate and stocks, both offering distinct benefits. For landlords, real estate provides a more stable and reliable means of growing wealth, especially when compared to the volatility of the stock market. This article will break down why real estate is often the smarter choice over stocks for long-term success, covering aspects like stability, control, income, and tax advantages. Comparison Real estate and…
When and How to Raise Rental Prices
Raising rent without conducting due diligence can severely impact your bottom line. This is especially true if it makes the rent amount way too off the prevailing market rate. If you end up overcharging tenants, prospective tenants will find your unit less desirable. And if the rent amount remains below the prevailing market rates, you won’t be able to optimize the return on your investment. Increasing rent is almost always inevitable in the life of a landlord, especially when factoring in inflation, running costs, property improvements, and …
Should I Allow Tenants to Paint My Rental Property?
As a landlord, have you ever found yourself grappling with the dilemma of whether to let your residents personalize their living space by painting your rental property? This common concern raises valid questions about property value, tenant satisfaction, and long-term maintenance. However, it also brings potential risks, such as damage to walls or colors that may not appeal to future residents. In this article, we’ll explore the pros and cons of permitting your residents to paint, helping you make an informed decision that balances tenant happi…
How to Advertise Your Eugene Rental Property Successfully
Advertising a rental effectively is crucial for attracting the right tenant and minimizing vacancy periods. In Eugene, where the rental market can be competitive, standing out from other properties is essential. This article will guide landlords through key advertising strategies, and by the end, you'll be able to advertise your rental property successfully. It's important to understand that successful advertising starts with knowing your target audience. Eugene is home to a diverse population, including students, professionals, and families. T…
