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How to Choose a Good Tenant

How to Choose a Good Tenant

How do you know if a tenant is going to be good? Do you figure this out based on how they talk or the way they dress? Or do you simply rely on what your gut tells you? It’s important to take in as much information as you can about your potential new tenants, starting from the moment they call about your property to the moment you hand over the keys.

Once you hand over the keys and sign the lease there is no going back. If you have made a bad decision it’s very hard and costly to rectify the issue, so get it right from the start.

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6 Ways to Keep Good Tenants

6 Ways to Keep Good Tenants

It is every property owner’s wish to find and keep the best possible tenants for their property. Finding tenants is one thing, making them stay is another. Keeping your tenants for the long haul is just as challenging and important as finding them. Why? Well first of all it costs you about a thousand dollars or more every time your tenants move out because of the advertising costs of finding a new tenant and the loss of rent while the property is vacant. It also spares you the stress involved during vacancy and the tedious process of trying to find suitable tenants.

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What to Do When your Lease is about to Expire

What to Do When your Lease is about to Expire

A lot of property owners are unsure of what to do at the end of their lease. Sometimes this results in unnecessary stress and unwanted conflict between the property owner and tenants. A good way to avoid this is to plan ahead; 2 months before your lease expires ask yourself two questions: “Am I happy with my current tenants?” and “Do I have plans of moving into or selling the property in the next 6 to 12 months?”

Your answer to these two questions will determine what is your best course of action.  Below I have listed what you should do based on each possible answer.

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How To Set The Price For Your Rental Property

How To Set The Price For Your Rental Property

One of the most important aspects of renting out your property is determining the value of your property. When you’re trying to advertise your property to attract your most ideal tenants, setting the correct price for your property is paramount. Read More

Real Estate Agent Fees

Real Estate Agent Fees

As of February 2017 I have provided new property management fees for 2017.

I have also created a special bonus at the end that will tell you exactly how much you are spending on an agent.

In the past many Property Owners were basically forced to use an Agent to help manage their investment properties because of a lack of tools and resources available to property owners to go DIY on a professional level. However many owners still use an agent and as always the first thing investors think of when using a Property Manager is the cost.

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