SherRon Marcek 
If you are investing in rental properties, properly recording each expense and all income is key to effective budgeting and tracking, managing your accounts receivables, and allocating capital for further investments. You must track rental property expenses. By doing so, you’ll be able to determine the profitability of each property on a monthly basis and keep …
Tax deductions for landlords can greatly reduce your total tax liability. In other words, you can lower the amount of money you owe to the federal government and get a discount on your taxes. Landlords can deduct some of the expenses associated with owning rental property. However, there are limitations. There are two types of …
The word repair and the word improvement have almost become interchangeable terms in the eyes of many landlords. Many landlords will spend money on repairs every year and also spend money on improvements every year, without ever noticing a difference. In fact, many landlords don’t even know the difference between rental property repairs and improvements. As …
Are you looking to switch to online rent collection but not sure what to expect? You’re not alone. Many property managers want to automate this process, cut out the paper stream, and streamline the way they accept rent payments. Fortunately, there are options available to improve the lives of your residents and staff by switching …
Part of managing a rental property successfully is serving as a good landlord. The best way to get things off on the right foot with new tenants is to begin with a landlord introduction letter. If you’re not sure what should be included in such a letter, there are some tips to follow to help …
The purpose of locks and keys is, of course, to secure premises and keep unwanted intruders out. Sometimes, the law states conditions upon which locks can and cannot be changed at an address, and this is especially true with rental properties. It’s always a good idea for landlords and tenants to stay up to date …
One question that comes up regarding rentals more often than landlords would like is, “Can tenants change the locks on rental units?” As a rental property owner, you might have had a tenant who changed the locks for any number of reasons. It may have been because they didn’t want a previous tenant to possibly …
It’s a valuable asset when tenants pay rent online, and there are several benefits for both the property owner and the renter. In order to get tenants to pay rent online, landlords must first have a sound online rental payment option in use. Benefits of Property Management Software The right property management software can offer …
Many investors start out with residential property investments as opposed to jumping right into commercial investing. There are many similarities and differences between residential property management and commercial property management. If you’ve made up your mind to purchase an investment property and are debating which type to begin with, you need to compare residential property …
As a landlord, you may at some point be asked to write a tenant reference letter for one of your former tenants. You also might require your own tenants to provide a letter from one of their previous landlords. These letters help you decide whether a tenant is reliable when it comes to following the …
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.
