Owning rental properties can be rewarding, but it also comes with unexpected challenges. From plumbing emergencies to foundation issues, unforeseen repairs can quickly strain your finances. That’s why having a reserve fund isn’t just a good idea—it’s essential....
Setting accurate rent rates is essential to the profitability of your investment and key to attracting and retaining high-quality tenants. If you charge too much for rent, you could end up with extended vacancies or, perhaps worse, bad tenants. Charge too little and...
Fair market rents (FMRs) in the government sense of the word are calculated by the U.S. Department of Housing and Urban Development (HUD) and are defined as the 40th percentile of gross rents for regular, standard-quality units in a local housing market. Though used...
Fair market rents (FMRs) are established by the U.S. Department of Housing and Urban Development (HUD) and are calculated annually. While HUD uses FMRs as a way to determine rental voucher amounts for government assistance programs like Section 8 housing contracts,...
Just because you’re small doesn’t mean you can’t be mighty. There are many apartment amenities that even small apartment buildings can add or enhance to attract new residents. Here’s a run-down of a few popular features to include if you’re looking to draw in more...
Keeping your rental units filled with existing residents is almost always preferred to sourcing new tenants. But at the end of the day, you own an investment property and it’s in your best interest to ensure it remains profitable. So, how do you balance rent rate...
