Learning Center

The best “insurance policy” that MULTIfamily property owners can buy is a solid preventative maintenance program. Best of all, this is the one insurance policy you can own without paying any premiums. What’s involved? All you must do is embrace effective preventative maintenance practices. You’ve heard the adage, “Don’t expect what you don’t inspect.” Regular inspection lies at the heart of the best preventative maintenance practices. There are two aspects to inspection for MULTIfamily property owners: Inside the rental units Move-in insp…

MULTIfamily property owners know that tenant maintenance requests are inevitable. If you’re in this business or thinking about getting into it, read on to learn how you can reduce the hassle and expense of handling maintenance requests from tenants by creating a maintenance request response plan. What’s a maintenance request response plan? The last thing that you or your tenants want is for you to fly by the seat of your pants when you’re contacted about a maintenance issue. Smart property owners anticipate these situations and have a plan fo…

As a MULTIfamily property owner, you can become a victim of rent scammers. These sleazy criminals can damage your reputation, diminish the attractiveness of your property to prospective renters, and cost you money. What is a rent scammer? You can refer to a person who preys on property owners by submitting fraudulent applications as a rent scammer. For instance, they misidentify themselves, lie about service dog status, or fabricate employment or wage information. These people are often incredibly good at their illicit craft and therefore hard …

Property owners know that collecting rent from tenants can be challenging.. Is there any way to avoid the time, stress, and risks related to performing a task that is fundamental to earning a return on your investment in a MULTIfamily property? Yes, there is. Read on to understand the scope of this problem and to learn how you can avoid common hassles and risks. Three things that can make collecting rent unbearable You can simplify the challenges of locating and then buying a MULTIfamily property by working with an established broker who speci…

Savvy property owners know that there’s more to approving a new tenant to live in their rental property than just getting the lease signed. One of the fundamental mistakes that new MULTIfamily property investors, and even experienced ones make is being over-eager or sloppy when reviewing applicants who are interested in signing a lease. It can be a costly mistake, too. Read on to learn what you must do to ensure that you have quality tenants and the consequences of overlooking this important aspect of MULTIfamily property ownership. Why is it …