Every Landlord starts the journey evaluating his possible investment in a rental property. The investment calculator IRRCalculator.pro is the perfect starting point for understanding your numbers. IRR Calculator PRO will provide a full analysis of your commercial real estate property investment
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There are dozens of reasons a person can turn in to a successful or great tenant. As a landlord some aspect you can spot early on in the relationship. Other issues can arise over time. Here is a list of
Document interactions with tenants. Landlord’s should keep a file on each tenant that includes any correspondence, requests and complaints from the tenant, particularly complaints about another tenant and a record of the landlord’s response. The rental application, lease and correspondence
It isn’t easy to avoid problems in a new tenancy but please keep these things in mind when drawing up an agreement. In an ideal world, landlords would screen prospective tenants thoroughly, communicate well and operate their businesses professionally. The
Typically the first step in determining whether to consider a real estate investment is to evaluate the numbers. What is the cost of the property? What level of rental demand exists? Does the income cover the expenses plus an additional
Real estate investors are keenly aware that vacancy rates affect your ability to make the investment work. If you have chronic vacancies, it means that you are asking too much in rent or that the area has more supply than
Bill had just moved into the apartment building and proceeded to knock on a female tenants door late at night with no shirt. She felt very unsafe, called me (landlord) and so I brought these concerns up to Bill
You reduce the risk involved in having to deal with tenants through proper selection in by checking credit and personal references. The majority of problems faced by landlords can be traced to lax procedures in checking references or misplaced trust.
This past year I had a tenant that really liked me and felt like he was doing me a favor by repairing a vent fan in the bathroom for me. Unfortunately, he did not diagnosis the problem correctly and certainly