Michael Bates, DC | Blog
Renting to Families with Children
Children are the future, but they can present unique challenges. They say it takes a village to raise a child, and that may include property owners as well! There are many details and concerns worth examining for property owners who may rent to families with children...
Three’s Company: Triplex Investment
A triplex investment can be a great resource for investors and renters. A triplex is a type of multi family property consisting of three individual dwelling units combined into a single building. Each dwelling unit is self-sufficient, meaning each one has its own...
Ten Reasons to Text Your Tenants
Text your tenants. Really. Here are ten reasons why: 1. It’s fast. Text messages are the fastest way to contact your tenants — they’re instant and accessible. Depending on the service or app you use (as well as some privacy settings), you may be able to use “read...
Supplying Appliances for Rental Properties
Should property owners provide appliances in rental homes? Is it their responsibility?What are the costs and benefits? The landlord’s responsibility is to provide their tenants with a habitable rental property. This includes the basic necessities like heating,...
Tax Write-Offs for Landlords
It is important for landlords to understand the various tax write-offs available to them. Most of the expenses associated with property management can be deducted, because managing investment property is a valid business. Here are six tax deductions for landlords to...
Examining Standard Lease Agreements
The Benefits of a Standard Lease Agreement Many landlords use standard lease agreements, which can be helpful in the right situation. Most states issue a standard lease agreement as a guide for landlords, and there are other templates provided by the National...
Tips for Landlords: How to Show an Apartment (Part III)
Etiquette for Apartment Showing VACANT RENTALS Arrive early to show respect for prospective tenants’ time. You can also check on the rental, take a deep breath, and be ready for a proper greeting. When your guests arrive, be warm and sincere to welcome apartment...
Tips for Landlords: How to Show an Apartment (Part II)
3. SETTING APPOINTMENTS Now that you’ve created compelling listings with good photos, descriptions, and staging, you’re ready to set appointments. Prospective tenants and apartment hunters will start to contact you, and it will be helpful to have a clear plan for...
Tips for Landlords: How to Show an Apartment (Part I)
For landlords, showing a rental property to prospective tenants is an important task. There are many helpful tips to keep in mind to help make this experience an enjoyable one for everybody involved. 1. MARKETING The first step is marketing the apartment’s...
Rent Concessions
Rental vacancies can be disastrous for a property manager’s bottom line. Rent concessions, incentives, and extra amenities can help to entice qualified tenants and prevent vacancies. If you are having trouble finding a tenant for your rental property or want to...