You shouldn’t be operating your rental properties at a loss. It defeats the whole reason why you worked so hard to purchase your rental properties in the first place. Here are a handful of tips that will increase the profitability of your property and help you make more money: Appearances matter First impressions are key. You’re not setting yourself up for success if you’re not maintaining the exterior of the property. Always stay on top of lawn care and trimming any bushes or trees. If the front door is damaged, you’ll need to repair it or replace it. Install a new light bulb if..
It’s true. You don’t have to be an interrogator for the FBI in order to vet or assess rental applicants. When you haven’t taken time to pick the best tenants, you increase your risk of different problems such as property damage and late rent payments. Tenants who cause problems are stressful and make life more difficult for you. Here are four warning signs you should know to avoid having problem renters living in your property. The applicant can’t verify income Proof of income is key to ensuring that rent can be paid. If rent isn’t paid then you’re not..