by Peter Lohmann | Oct 11, 2022 | Owner Education, Property Management Education
Property managers and landlords can use fees as both a carrot and stick approach to tenant behavior. Importantly, however, is that whatever fees you decide to implement at your rental property, be sure they are clearly explained in your lease agreement. No one likes...
by Peter Lohmann | Oct 4, 2022 | Owner Education, Property Management Education
As an owner or manager of a rental property, it’s obvious to you who owns what in each of your rental units. But is it just as crystal clear to your tenants? Sometimes yes, sometimes no, but to be sure, it’s best to spell it all out in your lease agreement. A strong...
by Peter Lohmann | Sep 22, 2022 | Owner Education, Property Maintenance, Property Management Education
Managing costs is a huge part of being successful with your rental property investment. Expenses can quickly eat into your profit margins, and if you’re not prepared, they can empty out your reserves in a hurry. With rising costs across the board, record inflation,...
by Peter Lohmann | Sep 20, 2022 | Owner Education, Property Maintenance, Property Management Education
Being self-reliant is a good quality. In fact, our cultural ideals are based on the very idea of pulling ourselves up by our bootstraps. But sometimes the best way to become a “self-made” real estate investor is to ask for help. To be clear, help comes in many forms....
by Peter Lohmann | Sep 15, 2022 | Owner Education, Property Management Education
Investors who are dipping their toes in real estate often begin with single family homes. This type of investment property can be a good way to generate passive income (“passive” being a relative term depending on your level of involvement with its property...
by Peter Lohmann | Aug 18, 2022 | Owner Education, Property Maintenance, Property Management Education
Maintaining accurate accounting records is sometimes thought of as a secondary responsibility of owning rental properties but understanding the accounting process is essential to your success (even if you have an accountant to help you out). Not only does it enable...
