Adjusting rent rates at renewal is part art, part science, and it requires some skill to tactfully introduce an increase. While residents often expect a rate adjustment during lease renewal, most will start packing if those increases feel too greedy. As you consider...
Establishing rent rates can be a stressful experience for many property owners, especially if a unit has already been sitting vacant for a while but getting the rate “just right” is key to your investment success as a property owner in Columbus. Set the rate too high,...
First-time property investors often ask if there is a rule of thumb for calculating maintenance costs. While it would certainly be easier from a budget planning perspective to apply a blanket rule when deciding how much to set aside in reserves, an approach like this...
Maintenance is a reality for any property owner. Whether it’s routine upkeep to ensure property values continue to rise or a middle-of-the-night emergency, someone needs to give ongoing attention to the places we and our tenants reside. For landlords and property...
A well-drafted lease agreement protects your interests as a landlord as well as your tenants’. If it’s been some time since you’ve reviewed your lease agreement or if you’re drafting one for the first time, read on for some important clauses to include. 5 Essential...
Depreciation in real estate is a tax strategy that, when used effectively, can help you be even more successful with your investment. Here are some key things to know about building wealth with depreciation. Depreciation as Defined by the IRS Depreciation is an...
