Learning Center

There are many reasons why a property owner chooses to rent out their home. It could be because you want to earn passive income, collect the return on your investment, or save money to pay off debt. Whatever your reason for renting out your house in Tempe, AZ is, it is a good practice to weigh all the pros and cons to maximize your profit and have a thriving business. If you own a rental property that is near a beach, has a view, or located in the city, renting out your home as a seasonal or short-term rental is a good idea. However, you need t…

As a landlord, it is crucial to get your tenant to sign a lease before allowing them to occupy your rental unit. A leasing contract is binding to the landlord and renter. It provides critical details of the duties and rights of tenants and landlords, including specific property policies, clauses, and required disclosures. A lease agreement also offers more protection than simply relying on verbal agreement. It reduces future disputes since verbal arrangements can lead to being forgotten or misinterpreted. A written lease agreement has all the …

With multiple tasks to attend to, landlords may forget to take time to evaluate what tasks streamline their rental business operation. Upon deeper analysis, they may also find ways to cut costs. Here are some tips to remind landlords what they should focus on: Attend to Lease Renewals As a landlord, you should record the end of tenancy date so you can provide your renters with lease renewal contracts 90 days before the lease rental period terminates. Otherwise, you can end up with a month-to-month rental arrangement without a lease agreement st…

The easiest step in creating a steady stream of passive income and building generational wealth by investing in MULTIfamily property is simply buying a building. Sure, you must shop intelligently and often with the help of a knowledgeable broker, but anyone with sufficient capital can buy a building. The challenge for investors is getting a suitable return on investment. The return on your investment in MULTIfamily property depends on attracting and signing qualified tenants. What does it take to succeed with rental property? There are three fu…

Whether you’re about to pull the trigger on a new MULTIfamily investment property or already own one, you’re faced with a critical question: How do you know how much you should charge for rent? In this article, I’ll tell you how to make the best decision. I’ll also discuss why that decision is so important. Can you figure out what’s reasonable rent on your own? Yes. All you need is access to a computer. You can either figure out how much rent to charge by yourself, or you can enlist the help of an experienced property manager. Read on to learn…