David Paxton 
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 …
To ensure that potential tenants can afford to rent from you, use a rent calculator. Understand the significance of a rent calculator for landlords in determining tenant affordability. Dive into the importance of calculating rental costs accurately and efficiently to protect your investment. Explanation of the importance of a rent calculator for landlords Rent calculators …
Understanding Subletting Subleasing an apartment can be a beneficial arrangement for both landlords and tenants. It occurs when a tenant rents out their apartment to someone else, usually for a temporary period. As a landlord, understanding subletting is important in order to effectively manage your property and communicate with your tenants. When allowing subletting, it’s …
Understanding Real Estate CPAs Real estate CPA is a professional who provides accounting and financial services to individuals or businesses related to real estate. They are experts in analyzing, tracking and interpreting data and presenting comprehensive reports for their clients. The need for a real estate CPA arises when there is complexity involved in real …
Importance of having a Roommate Agreement Living with someone can be exciting, but it can also have some challenges. One essential tool to tackle these issues is having a Roommate Agreement. Having this agreement online in digital format is common practice now due to various online platforms providing customizable templates. Such centralization eliminates the need …
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.
