4 Effective Rent Collection Strategies for Landlords
By TD Home Team Friday, August 16, 2024
One of the most challenging tasks of owning a rental building is enforcing timely rent payments. Unfortunately, this seemingly simple and straightforward job can be a major hassle when your tenants are troubling or uncompromising. For such issues, you’ll need to apply rent ...
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Seattle offers high demand for housing and other lucrative real-estate opportunities; there are some pitfalls to avoid. This blog provides an overview of some factors to understand why rental real estate investors fail. Understanding these factors as an investor helps you navigat...
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Regardless of how well a property is maintained, you can’t completely escape from tenant complaints and issues. As a landlord, you or your property manager will always be busy solving one problem or the other. If you want to avoid this constant chaos, the best you can do is...
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5 Steps to Onboard New Tenants in WashingtonIdentifying a well-suited tenant for your rental unit is the initial step in property management. After choosing the tenant, the other critical phase is onboarding. This optimal process creates the backdrop for a positive landlord-tenan...
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Tenant turnover refers to the timeframe during which your current tenants leave, vacating your property until new ones arrive. The US is experiencing a quite high tenant or apartment turnover rate. In 2019 alone, 17% of Americans vacated their apartments due to housing issues. Th...
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How Often Does Rent Increase | When to Increase It
By TD Home Team Tuesday, April 30, 2024
If you’re a landlord, you know how tricky increasing the rent of your estate can be. You want to earn as much as you can but also don’t want to scare away good residents. So what’s a reasonable increment amount, and how often does rent increase in general?In thi...
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Do you want to streamline your property management practices efficiently? In the real estate industry, managing properties is important in ensuring the success of the investment. From maintenance, resident communication, and security to financial management, property manager...
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Normal Wear and Tear vs Damage in a Rental HomeUnderstanding the difference between a home’s normal wear and tear vs damage is essential for both landlords and residents. It’s especially important for landlords because 48% of them stress over property damage caused by...
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The real estate market in the United States is predicted to increase by 4.1%, making it a lucrative investment opportunity, especially in Seattle. But you need to be careful when scouting for suitable ones. Certain investment red flags can severely affect the value of the propert...
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10 Reasons to Hire a Professional Property Manager
By TD Home Team Thursday, February 1, 2024
Setting the right rental rates: A good property management company will conduct a thorough market study in order to set a rental price for your property, ensuring that you achieve the perfect balance between maximizing monthly income and maintaining a low vacancy rate.Collecting ...
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