Mastering the Art of Rent Collection: Strategies for On-Time Payments
Are you tired of chasing down rent payments every month? Mastering the art of rent collection is a crucial skill every landlord should hone to ensure a steady cash flow and maintain a positive landlord-tenant relationship. This article unveils proven strategies to encourage on-time payments, making the rent collection process smoother and less stressful. By implementing a mix of modern technology, clear communication, and a touch of personal rapport, you can transform this often dreaded task into a well-oiled routine. Dive in to explore acti…
Why You Should Invest in Real Estate Over the Stock Market
Have you ever found yourself caught in the dilemma of choosing between real estate and the stock market for your investment portfolio? As a landlord, aligning your financial endeavors with real estate investments can be a game-changer. This article unfolds the myriad benefits of investing in real estate over the stock market, offering a stable income, tax advantages, and appreciating asset value. Unlike the volatile nature of stocks, real estate provides a tangible asset that’s often immune to sudden market fluctuations, ensuring a safer inve…
When and How to Raise Rental Prices
As a landlord, you might find yourself in a situation with a quality long-term tenant. If they have been consistently paying their rent on time and adhering to the property rules and regulations, you might think they are the perfect tenant! However, there is the only issue at hand. You feel they are paying below the market value of the property and you want to increase the rent come lease renewal time. In this article, the team from NFI Property Management Solutions has put together a comprehensive article to discuss raising the rent. With thi…
What to Do with Mail from Previous Tenants: A Guide for Landlords
After parting ways with a tenant, you are ready to put your rental back on the market. But one issue remains pending; the increasing piling of mail on the front door. This is not an unusual predicament that landlords can find themselves in. Occasionally, it could be the case that a past tenant failed to give the US postal service a forwarding address, or businesses did not receive the change of address. Not only is this an issue for you but also for your new tenant. It can be an annoying issue that sets the wrong idea for your long-term relat…
Is a Month-to-Month Lease Better for Landlords?
Most landlords opt to find long-term tenants for their rentals. Long-term tenancies give landlords stability and a sense of security. After all, longer leases give you peace of mind because your property will be occupied for several months or even years. However, month-to-month leases can be very beneficial to landlords depending on their investment goals and needs. That’s why the expert team at NFI Property Management Solutions has written this guide to help you decide whether a short-term lease agreement is right for you. Keep reading to lear…