Tenants

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25 02, 2019

Why Vinyl Plank Flooring Is Perfect For Your Rental Home

By |2019-02-25T22:58:18-04:00February 25th, 2019|Categories: Hard Money, Hard Money Loans, Home Improvements, Home Upgrades, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, New Construction, Remodeling Tips, Tenants|Tags: , , , , , , , , |0 Comments

Vinyl plank flooring, also called “luxury vinyl plank” or "LVP," is a great flooring option for your rental home. It's affordable, durable, and easy to install. Though there is new technology in carpeting that has made things easier for landlords, vinyl plank flooring is possibly an even better solution for whole home flooring. Luxury vinyl plank can give you the durability you need without having to replace flooring with each tenant turnover, if you choose a good product. Vinyl plank flooring can give you the look and texture of real hardwood floors. Plus, it is easily cleaned so that you

16 07, 2018

Should You Manage Your Own Investment Properties?

By |2018-07-16T12:56:52-04:00July 16th, 2018|Categories: Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Tenants|Tags: , , , |0 Comments

When you own an investment property, you have a big decision to make. Should you manage your own property or hire a property manager? Ultimately that decision will depend on a number of factors. Is it even feasible? Managing Your Own Investment Properties Property managers have several responsibilities. Here are the basic services offered by property managers that would become your responsibility if you manage your own investment properties: Respond to emergency and repair calls from tenants. (Remember, this could mean a call while you're sleeping or in another meeting.) Co-ordinate repairman visits. Finding tenants to place in your rental

19 09, 2017

Buying a Foreclosure With Tenants

By |2017-09-19T13:00:21-04:00September 19th, 2017|Categories: Foreclosures|Tags: , |0 Comments

Purchasing a foreclosed home can be a great investment opportunity. Whether you’re taking occupancy yourself, or leasing the home to tenants, you’ll most likely see some gains from your purchase. But, what if the foreclosure already has renters taking up residence? If you’re considering purchasing a foreclosure with tenants, you’ll first need to decide whether you’re going to live there, or continue renting it. Depending on the location of the home, there may be some state and local laws in place that will determine how you proceed. If there is a lease, tenants may be protected in a foreclosure situation.

10 04, 2017

Playground Equipment and Your Liability as a Landlord

By |2017-04-10T10:00:56-04:00April 10th, 2017|Categories: Investment Properties|Tags: , , , , , |0 Comments

If you have playground equipment on your rental property, you may be wondering whether the risk of a child (or adult) getting hurt outweighs the benefits. Whether you’re renting a single-family home with a backyard play structure or managing a multi-unit rental with a community park, you’ll want to know what your responsibilities are as a landlord. It is possible you could be held liable for any injuries that may occur. Let’s face it: children are accident prone – especially on playgrounds. It should always be assumed that there’s a chance for injury. If a child is injured on your

14 11, 2016

How to Deal With Late Rent During the Holidays

By |2016-11-14T10:00:16-04:00November 14th, 2016|Categories: Commercial, Investing, Investment, Investment Properties, Investments, Real Estate, Tenants|Tags: , , , , , , , , |0 Comments

While everyone is scrambling to get their festivities organized and shopping done, unfortunately, it's too common for rent payments to be put on the back burner. Landlords are faced with this problem each year, and if it's happened to you, you know that it's a tough decision (you know, whether  or not to be a Scrooge). Keeping a Professional Distance From Your Tenants If you're a landlord, you know that maintaining a professional relationship and not becoming involved in your tenant’s financial woes is a necessity. No one enjoys evicting a tenant—especially during the holiday season—but you should remember that this is

5 11, 2016

Commercial Lease Acronyms That You Need to Know

By |2016-11-05T10:00:31-04:00November 5th, 2016|Categories: Business, Commercial|Tags: , , , , , , , , , , , , , , , , , , |0 Comments

If you’re new to the world of commercial investment—there are a lot of terms, lease types and calculations you’ll need to be aware of. On top of that, everything is an acronym. Learning the lingo of the industry can be overwhelming—but it should be ranked high on your to-do list. If you’ve acquired a building and think you’re ready to start looking for a tenant, you’ll want to have the lease conditions drafted well ahead of time—but be prepared for negotiations! Here are some acronyms you should be familiar with before starting out. Building Owners and Managers Association International (BOMA):

17 10, 2016

Let’s Talk About Triple-Net Leases

By |2016-10-17T10:00:50-04:00October 17th, 2016|Categories: Business, Investing, Leases|Tags: , , , , , , , , , |0 Comments

When entering the world of commercial real estate, you were probably told to pick one of the basic types of leases and to stick with it. Determining whether a gross, net or modified gross lease is best for you can depend on a number of factors, including who you’re marketing your building to and what type of structure you have. If you’re thinking about a net lease, you’ll find that the term can actually be broken down even further, into three categories: single, double and triple. Single net leases have you charge the tenant for rent (high), utilities, and a part of