SherRon Marcek Buying an investment property can be a great way to generate income and build wealth. The process of buying an investment property typically involves several steps, starting with researching the market to identify potential properties, and ending with managing the property to generate income. In between, there are several key steps, such as making an …
There’s a lot to do when preparing a property to rent. Paint, clean carpets, make minor repairs, and ensure that plumbing, electrical, and HVAC systems are safe, functioning, and up to code. You’re taking every possible step to protect your tenant. You need to be just as focused on protecting your investment, your cash flow, …
Between rental occupancies, landlords have a lot of tasks to take care of to ensure that their property is ready for the next tenant. This includes cleaning and repairing the property, performing necessary maintenance, advertising the property, screening potential tenants, negotiating the lease terms, and collecting the security deposit and first month’s rent. This rental …
Winter can be a challenging time for landlords, with a range of potential problems to contend with. Here are some common winter landlord problems, and some tips on how to deal with them: Cold and drafty properties. Keeping tenants warm and comfortable during the cold winter months is essential. Regularly check the heating system, insulate …
What is the Employee Retention Credit (ERC)? The Employee Retention Credit is a tax credit that was created as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was passed by the US Congress in March 2020 in response to the economic impact of the COVID-19 pandemic. The credit is designed to …
Filling rentals during the holiday season can be challenging, as many people are focused on spending time with their families and may not be thinking about moving. However, there are a few steps you can take to increase your chances of finding a tenant during this time of year: Offer incentives: Consider offering incentives to …
As a property owner, you never want to end up in a situation where the property you purchased isn’t creating any return on investment. This can happen for a variety of reasons, but one common reason is being locked into a below market rent agreement. If you end up in this situation as a landlord, …
Landlords managing their properties have many responsibilities to keep track of, but one of the most important is rent collection. Since landlords rely on a steady stream of rent from their tenants to cover business expenses as well as support their personal finances, it’s crucial that tenants pay their rent on time on a consistent …
Keeping your rental property safe and habitable for your tenants is a major responsibility for every landlord. Unfortunately, there are many ways in which rental properties can become dangerous for their inhabitants, and mold is one of the most significant. In general, it can be difficult to lay blame on a single individual for the …
There are many ways landlords can handle rent payments on a case-by-case basis with their tenants. Some tenants might have difficulty paying their rent in full for one reason or another, and it’s up to the landlord to decide whether they want to work out a solution with the tenant outside the typical routine of …
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.