When you decide to put your home in rentals, you take on liability. You will want to make sure that you are protected legally, in the event that you end up in a legally difficult situation. This post will cover some of the best things that you can do to keep yourself protected when you decide to become a property investor.
Read MoreWhy a Security Deposit is a Landlord's Safety Net
Tenants complain about security deposits and some landlords don’t think they should charge them. This post will cover why a security deposit is important for a landlord -- and a tenant -- and the best way to handle them.
Read MoreReal Estate Tax Deductions you didn't Know About
Tax Day is just around the corner, and if you own a rental property, you’ll want to make sure that you are getting the best deductions possible. There are plenty of deductions that you can get for your investment property, but you may not know some of them. This post will cover some of the most common and most often forgotten deductions.
Read More[INFOGRAPHIC] The Road to Renting Out Your House
- Prepare your property for renters
- Understand housing regulations in Missouri
- Collect a list of local, reliable vendors and repairmen
- Clean the property and make all repairs
- Perform an initial inspection
- Provide the tenant with everything needed
- Find the perfect tenant
- Advertise the listing on major home search sites
- Collect tenant applications and research references
- Draft a legally enforceable, time-bound lease
- Collect a security deposit and store funds according to Missouri law
- Be a great landlord
- Give tenants proper notice before inspections
- Respond to maintenance and repairs promptly
- Be approachable, professional and flexible
- Keep good records of finances and communication
The Types of Inspections You May Encounter in Your Rental
There are different reasons a property manager or landlord needs to access a rental property. One of them is for an inspection. In this post we're talking about different types of inspections, when and why they might happen.
Read More5 Things Tenants Want in a Rental in 2020
Years ago, people rented because they couldn’t afford to buy a home, maybe because of finances and credit. Nowadays, many people have decided to rent not because they have to, but because it is easier for them to pack up and move when they need. This has changed the rental market considerably, and tenants are weighing their options about rentals differently than they would have 20 years ago. This list will help you understand what today’s tenants need and help you find quality tenants that will love your rental.
Read More5 Things to Do Before You Start Investing in Real Estate
Becoming a real estate investor is a dream for many people, but most don't think it is possible without lots of extra cash. We believe that anyone can get into real estate investing, and you can turn it into a side business or retirement plan with the right steps. This post will cover some steps you should do before you even start looking for your first investment property.
Read More4 Ways to Increase the Happiness (& Quality) of Your Tenants
It doesn't take long in property management to learn that a happy tenant is a good tenant. So to be a good landlord, it is important to make sure that your tenants are happy with the property and are well taken care of. This doesn't mean you have to let them run the place or you have to lose money on your investment, but these few tasks can make your tenant happy and your landlording experience a positive one.
Read MoreHow to Convert Your Home into a Rental Property
Turning your home into a rental property can be a daunting task, and many people don't where to start. Here, we have suggested a simple process to prepare yourself for the world of rentals.
Read MoreResources for Real Estate Investors
You may have heard about people who have retired in their 30s because they became a successful real estate investor, but you probably wondered how that is even possible. If you are interested in trying out real estate investment, you'll need some good resources. Check some of our recommendations here.
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