As homeownership becomes more and more unattainable for many, rent (like taxes) seems inevitable. However, just because rent is a consistent necessity doesn’t mean that all of your tenants will pay their rent on time. If you’re looking for new ways to get your tenants to pay their rent promptly, consider the benefits of an …
When it comes to protecting your investments, you have more than a few tools at your disposal. Both LLCs and trusts can help you make the most out of a rental property. That said, choosing which of these means to take advantage of can be a challenge, especially if you’re not entirely clear on the …
If you want to create a distinct separation between your investments and your personal funds, consider creating an LLC for rental property. LLCs afford their owners certain business protections while also making it easier for you to stay on top of your properties’ needs. What Is an LLC for Rental Property? An LLC is a …
Furnished rentals hold significant sway over the housing market, but they’re not for everyone. Landlords deliberating whether or not to include furniture with their rentals may find themselves wondering, will furniture get stolen? Will tenants damage furniture deliberately? What do start-up costs look like? The good news is that, over time, furnished rentals tend to …
One of the best ways to see success in the real estate industry is to invest in properties and rent them out properly; essentially becoming a landlord. However, as many of you already know, being a successful landlord requires a lot of expertise that a new landlord may not have. Therefore it is incredibly essential …
Leasing land is often more complicated than investors and tenants believe. When you first go to release land to someone else, you have to calculate not only its value but what kind of income it might net you. Tenants must also weigh the value of the land against rent, all the while determining whether or …
Nowadays, the Internet is a standard part of day-to-day life. Just as you’ve come to rely on near-constant Internet access, the tenants on your rental property have, as well. If you want to make the most of the Internet’s prevalence, why not consider providing it for all of your residents? There are benefits and drawbacks …
Move-out inspections benefit landlords, tenants, and the unit as a whole. Landlords conduct move-out inspections to get an idea of how their tenants treated the unit during their occupancy. Tenants, similarly, can track any damage they may have left behind. This process helps both parties understand what charges the landlord needs to pursue to restore …
Working as a landlord requires people skills and business sense. Because you’ll be marketing your land and ensuring your current tenants are both safe and content, you’ll need to make it easy for interested parties to contact you. That said, there’s a difference between letting tenants reach you and giving them too much access to …
Move-in inspections help landlords and tenants assess the value of a marketable unit. These inspections make it easy for all parties to get an early idea of what damage, if any, a unit may have endured and what fixes it may need. Similarly, these inspections can limit the harm that new tenants are responsible for, …
PayRent is on a mission to build a rent collection app that fosters a positive and productive relationship between renters and landlords. We focus less on transactions and more on the people behind them.
