Managing rental properties

Want to become a landlord? Read on to find out what successful property managers have in common and 4 habits to develop:

Last month, I pocketed $7,461.43 from my rental properties -- after expenses -- and spent 5.5 hours looking after these investments. That's $1,356 per hour. That story is below. But before we dive into those details, I'd like to highlight one event that made last month special. Nope, it's not the income. Nope, it's not the weather. It's the fact that last month, I fired a sucky property manager. I hired another property manager to replace him. I coordinated all of this from 2,000 miles away…

A rental walk-through is an inspection done by the landlord or property manager, oftentimes accompanied by the tenant(s), at the beginning and end of the lease. This walk-through is also called a move-in/move-out inspection because it happens at the beginning and end of the lease. Rental walk-throughs are important for both landlords and tenants. A move-in inspection allows the renter to take note of any issues with the rental, such as broken window latches, carpet stains, or appliance…

Many investors are convinced they need to hold their rental properties in an LLC. But their arguments don’t hold up to scrutiny, and the downsides of LLCs are significant. In particular, there are better and simpler ways to achieve to limit your liability, such as with an umbrella insurance policy.

There is a LOT that goes into renting a unit or home. I thought I’d share a list of what we do to prepare for listing our property and ultimately renting! Here we go…

The Landlord Forms Bundle cover every aspect of property management - package together for your convenience to use!Using these templates has helped me save time, money, and effort when managing my San Diego rental properties.My attorney has reviewed ...

Do you want to use rental properties to fund some or all of your retirement? This article shares detailed examples and step-by-step instruction how to do it

This summer, we put the breaks on our “big house” home rehab and dove head first into renovating our small rental property so that we could get it rented before I headed back to school.…