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Do you have a vacant rental property? A rental property can help you make a great passive income. However, if left vacant, it can cost you more money than you are earning on it. From increased insurance costs to potential legal issues, these risks can be daunting. But we're there to help you. At Real Property Group, understand that managing rental property isn't easy. We have the expertise to help you make the most of your rental income. In this blog, we will tell you why you should avoid having a vacant rental property. Further, we will provi…

We understand that during the term of the lease agreement, landlords do not always stay at their rental property. However, you still have a duty as per the warranty of habitability to ensure the rental units meet all safety standards. While there is the legal aspect to safety standards, there are also financial concerns. Failure to comply with safety standards can be costly when a tenant or the local authorities take you to court. Safety standards are provided for in county ordinances, State, and federal law. While it can be a stressful issue …

As more people learn about the advantages of investing in real estate, the motivation to own one is increasing. Compared to the volatility of stocks, real estate can be an excellent alternative. If your goal is to earn another steady income stream, consider investing in a property. It can be a great portfolio diversification strategy rather than focusing on investing purely in stocks. A real estate investment requires a high initial capital in contrast to stock market investments, so planning and researching is vital. Take time to check good d…

The life of a long-distance landlord can be difficult since you are not living close to your tenants. You have to have a reliable property management system in place to take care of your property and tenants. Further, you will also need to be able to trust the tenants to pay their rent on time and take care of the property themselves. While being a long-distance landlord can be a challenging position to be in, you can gain passive income without the hassles of being physically there. The best part is with the right knowledge and tools, you can …

Pet ownership has significantly increased in recent years, so the demand for pet-friendly rentals is on the rise. This means that if you allow pets in your rentals, you’ll be able to attract more tenants and fill your vacancies quickly, thus reducing risks of a vacant unit. Additionally, pet owners typically stay in rentals for longer periods and are willing to pay higher rent prices. Despite all these benefits, it’s important to remember that allowing pets on your rental can put your investment at risk. A pet-friendly rental has a higher ris…