Table with wooden houses, calculator, coins, magnifying glass with the word Rent.

How to Set the Right Rent Price

The question of what to charge for rent is a difficult but crucial one for property owners. Property ownership is a business, and you need to make sure your investment is paying off. There are also a lot of expenses associated with property ownership, and choosing the correct price will offset these costs. To set the right price, it’s important to know the cost of renting in your area, the scope of your competition, and the size of the property among other factors.

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Rent. Glass jar with coins and an inscription rent. Man holds coin in his hand

How to Improve the Rent Collection Process

Rent collection is an important part of any landlord’s business. However, it is often the most frustrating and stressful part of owning a rental property. While most tenants are responsible, some fail to pay on time or refuse to pay at all. In some cases, they may simply forget. The last thing any landlord wants to do is hunt down rent payments, but it’s a necessary evil. There’s no way to avoid this entirely, but optimizing your rent collection process can have a major impact. When you set clear expectations and make payment easy for tenants, they’ll be more likely to pay on time. Additionally, you may want to consider the following suggestions:

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Home improvement concept. Girl the designer chooses the facades and handles for cabinet furniture in a store showroom.

Top 4 Ways to Boost Your Property Value

If you’re a landlord, you should constantly be looking for ways to boost your property value. Your property will become more desirable to prospective tenants if you invest more money in it. Plus, should you choose to sell, you want your investment to pay off later. Not only is this a good business move, it’s a way to keep your tenants happy.

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Furnished master bedroom in new luxury home with large windows and abundant natural light.

3 Ways to Upgrade the Bedrooms in Your Rental Units

It is essential to keep the bedrooms in your rental units updated if you want to attract tenants. Bedrooms are as important as living rooms or kitchens, and they should feel inviting. When giving tours of empty apartments, the goal is to enable potential renters to picture themselves living there. However, it is hard to imagine how to make a blank canvas stand out. As a property manager, you may be wondering what remodeling tasks you should focus on. There is no one way to upgrade the bedrooms in your rental units, but these ideas should give you a starting point.

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realtor meeting with millennial couple show house or apartment on laptop

How to Communicate with Your Tenants

Communication is essential for any landlord or property manager in the rental industry, but what is the best way to communicate with your tenants? How often should you keep in touch? Some landlords are too hands-off in their approach and miss out on building strong relationships with their renters. As a result, tenants might not be eager to sign a long-term lease.

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