David Paxton 
Key Takeaway: Understanding the responsibilities and definition of a property manager is crucial in pursuing a career in property management. Property managers handle a variety of properties, including residential properties, commercial properties, and homeowners associations. Researching and understanding the legal requirements in your state and obtaining the necessary licenses or certifications is a vital step …
Wear and tear is an idea that all landlords should know. It’s when normal use by a tenant causes a property to slowly get worse. Knowing this is key for landlords to handle their properties and decide who fixes what. When people live in a place, things like floors, carpets, paint and appliances can wear …
Breaking a lease is tricky business. It can be necessary due to various circumstances, like relocating for a job or financial difficulties. Familiarize yourself with the details in your lease agreement. Then, talk to your landlord and explain your reasons. They may be willing to negotiate an early termination. Research local laws and regulations. Some …
To better understand Smartmove, delve into an overview of the platform and the purpose behind this review. Explore the benefits and features it offers. This section will provide you with a comprehensive understanding of Smartmove, ensuring you make an informed decision about its tenant screening services. Overview of Smartmove Smartmove is an amazing platform that …
Mold inspections are a must for landlords! They help spot and tackle any potential moldy issues in rental properties, keeping tenants healthy and safe. To ensure accuracy and avoid false alarms, hire a professional mold inspector who knows their stuff and has the right tools. When assessing, inspect high-risk areas like bathrooms, kitchens, basements, and …
Gross Rent Multiplier (GRM) is a must-know for real estate investors. Calculate it by dividing property price with its yearly rental income. It’s a speedy way to appraise a property’s investment potential. Investing in real estate? Know GRM! This calculation shows whether the rental income justifies the purchase price. Plus, GRM considers only rental income …
Key Takeaways: Rent concessions can be an effective strategy for attracting tenants, filling vacancies, and retaining existing tenants. Offering temporary rent reductions, rent abatement, and incentive services are different types of rent concessions to consider. It is important to carefully evaluate market conditions, property specifics, and tenant qualifications when deciding to offer rent concessions. Considering …
Key Takeaways: The BRRRR method is a powerful strategy for real estate investing that involves buying distressed properties at a good value, rehabbing them to increase their value, renting them out to generate passive income, refinancing to access equity, and repeating the process with the profits. By carefully researching the housing market, analyzing potential returns, …
Rent control is a popular topic among landlords. Many cities have implemented it to protect tenants and stabilize rents. Landlords must know the dos and don’ts of rent control to keep away from trouble. Rent control rules vary depending on the location. Generally, they limit how much rent landlords can raise on a residential property. …
Key Takeaways: A triplex is a type of building that consists of three separate residential units, each with its own entrance and living space. Owning a triplex offers the advantages of generating rental income, an easier transition into managing multi-unit buildings, and lower capital requirements compared to larger apartment buildings. Triplex rentals are in high …
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.
