How to Keep Renters Happy
Landlords typically prefer long-term renters to earn consistent returns from their investment property. Every time a rental unit is empty, the cost of bills and maintenance will still need to be paid out. In addition, you will pay fees for advertising and rental preparation every time a new occupant comes in. Aside from receiving regular rental income, good renters also care for your rental space. To avoid the stress and expenses of vacant rentals, you must create a safe and habitable rental property so renters will be inspired to stay long-ter…
Why Landlords Partner With Property Management Companies
A real estate investment is a rewarding venture that entails buying, owning, managing, leasing, or selling real estate for profit. It's a popular choice for individuals looking to build wealth through property ownership. However, navigating the complexities of real estate investment requires time and expertise. This is where property management companies step in to offer their professional services. These companies specialize in overseeing the day-to-day operations of rental properties on behalf of landlords, providing invaluable knowledge and…
How to Be a Long-Distance Landlord
Every landlord would wish to be in a position where they can frequently visit and inspect their properties. But this is not always the case. A scenario may arise forcing you to move hundreds of miles away. It could be that you have been offered a once-in-a-lifetime opportunity or it could be that one of your family members needs care. What do you do in such a position? Are you ready to take care of the challenges that may arise from such a situation? From our experience advising and helping landlords in the past, the team from Liberty Real Est…
Risks of Having a Vacant Rental Property
Are you a landlord with a property sitting vacant? While it may seem like a minor setback, an unoccupied rental can lead to various unexpected challenges and risks for you and your rental property. From security concerns to financial losses, the implications of a vacant property are not always obvious but can have significant impacts on your investment. In this article, Liberty Real Estate Services will explore the various risks associated with having a vacant rental property, providing you with the insights and strategies you need to protect…
Is a Month-to-Month Lease Better for Landlords?
New landlords often have to decide whether to rent out their properties for a longer period or on a short-term basis. Short-term leases have less than a year of rental duration, whereas traditional or long-term leases cover a year or two of the rental period. Before making up your mind, you need to consider what rental term suits your property. This guide by Liberty Real Estate Services will discuss the advantages and disadvantages of month-to-month leases, helping you decide when you should choose them. What Is a Month-to-Month Lease? When ta…