Keely Collins, Elarbee, Thompson, Sapp & Wilson, LLP, Todd Reid, DKRentals.net, Bill Smith, Double Iron Consulting, and Michelle Wilson, Wilson Legal (Family Business Radio, Episode 34) Host Anthony Chen welcomed four amazing guests to this episode of Family Business Radio. Keely Collins, attorney at Elarbee, Thompson, Sapp & Wilson discussed risk management and human resource issues in small...
Greetings from Santa Barbara! This week I am at the AppFolio User's Conference. AppFolio is the property management software tool we use to run our business. Each year I look forward to this conference not just because it is held in beautiful Santa Barbara, but to get a glimpse into what new features and functionality AppFolio will be rolling out over the coming months. I also look forward to...
Owning rental homes can be extremely lucrative, but many landlords make the mistake of over investing in expensive renovations without seeing an increase in monthly rental income. It can be hard to increase the appeal of the home without going over budget. Tenants want to feel comfortable and proud of their living space, but at the same time, they aren’t likely to care for the property as well as they...
Many renters wrongly assume that their landlord’s insurance policy will cover the cost of damaged property in the event of an emergency. Unfortunately, this is almost never the case. While most homeowners view insurance as a necessity, less than half of American tenants have a renter’s insurance policy. Some feel like they don’t want to add to their monthly expenses, and others feel like their...
Tips for Finding a Quality Rental Home for Your Family In a world where remote work, corporate relocating and the desire for change are rapidly increasing, many individuals, couples and families are choosing to rent rather than purchase their home. The flexibility of renting provides many men and women with a sense of freedom that can be hard to feel when weighed down by an expensive mortgage. However,...
Vacant properties don’t make money. Having empty homes is one of the worst issues that real estate investors face. The process of finding good renters can be long and arduous, which is why when you find tenants who always pay on time and treat your property with respect, it’s important to ensure they are happy and satisfied with the arrangement. Here’s a few ways that property owners can build a...
How to Successfully Manage Home Tours for Vacant Properties One of the worst problems that landlords face is a vacant property. Often, it can mean months of paying expenses for a property that isn’t bringing any revenue. It’s for this reason that many property owners take the importance of attracting prospective tenants seriously, but a lot of busy landlords also struggle with juggling the...
Tenant Screening in Atlanta One of the worst experiences for landlords to have is a vacant property. To get a significant return on your investment, it’s important to have a steady stream of rental payments every month. When a lease has ended and a tenant has moved out, it can be daunting to start the process of finding a replacement. Often, landlords are eager to find someone interested in the...
Having a vacant property can be a headache for landlords. However, if you add burglary and invasion to the scenario, then you might suffer a critical financial blow to your investment. Going months without rent can be frustrating, but it can be even more difficult to find quality tenants for a home that’s just been targeted by local vandals. It may seem silly that someone would rob an empty property, but...
Simple Preventative Maintenance Services that Save Money Long Term Owning rental properties is an investment, and if you wish to see the biggest return on that investment, it’s important to maintain the property and ensure it stays in good shape. A poorly cared for rental home may remain vacant for longer and fixing damaged plumbing, electrical or HVAC systems could end up costing much more than the...