Risks of Having a Vacant Rental Property
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…
Showing a Property with Tenants
As the lease with your current tenant comes to an end, you receive notice that he or she doesn’t wish to renew their lease. While it’s every landlord's goal to have long-term tenants, sometimes you’ll find yourself having to look for new ones. It’s rare that you’ll be able to market your property and find a tenant willing to move in without seeing the property in person. It’s understandable that a prospective tenant would want to assess the quality of finishes as well as the amenities and utilities for themselves. There are two possibilities w…
Top Tenant Complaints and How to Solve Them
As much as tenant complaints are draining, you’re bound to encounter a few while managing your rental investment. No landlord is exempted from this experience since tenants are all different and a few are more sensitive than others. To keep renters happy and encourage lease renewals, it’s best to learn how to deal with tenant complaints the right way. Being prompt also helps in retaining renters long-term. Dismissing tenant criticisms, on the other hand, can result in turnovers. You want to avoid this situation since a vacant rental can red…
Top 8 Amenities Renters Can’t Resist in Columbia
With so many rental apartments in Columbia, tenants have plenty of options, and the biggest criteria used for making their choice are the type and quality of amenities. This may differ from one pool of tenants to another, depending on lifestyle or needs. Some may put more emphasis on the quality of the kitchen counter and others on Wi-fi connectivity. However, there are some general amenities that make renters happy and interested in your unit. So, what amenities should you consider installing or featuring on your property? If you are a pr…
How to Conduct a Tenant Walk-Through Inspection
As a landlord, you always want to keep the state of your rental property in an outstanding condition. To achieve this, you can perform walk-through inspections before a renter moves in. A walk-through inspection can reduce the risk of damaging the property as everything is documented before the tenant moves in, helping you easily identify any potential damages caused by the tenant later. Along with protecting the landlords, this inspection also guards the renters against paying for the repair of existing damages. Tenants have the right to chal…