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As a landlord, determining when and how much to raise your tenants' rent is one of the toughest decisions you'll face. On one hand, increasing rent is a natural part of maintaining the long-term viability of your investment property. But choosing a new rent price can be trouble for tenants. Costs such as taxes, insurance, and maintenance are continually rising, so your rental income needs to keep pace. However, raising rents too high or too often risks losing good tenants who keep your units occupied and your cash flow steady. By carefully con…

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A landlord oversees passing a move-out letter to their renters. Though it seems an undesirable task to perform, it’s an essential part of the role. It helps you minimize financial losses or complaints when a tenant fails to pay rent, commits massive property damage, other lease violations, or continues to create a public disturbance. Writing a move-out letter serves as protection when you encounter tenants that resist moving out. You can state the move-out date and your expectation of the unit being returned to the same condition it was when t…

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Being a landlord can often feel like being the curator of a living canvas, with each tenant holding a unique brush ready to add their strokes of personality to your property. Deciding whether to allow tenants to paint your rental property can be a bit like standing at the crossroads of self-expression and property management pragmatism. In this guide, We'll explore the perks of giving your tenants creative freedom, as well as the downsides of relinquishing some of your control as a property owner. Pros of Allowing Your Tenants to Paint a Rental…

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Real estate investments carry far-reaching potential. Rental properties, in particular, allow investors to earn a steady stream of income and also grow their wealth for the long term. This makes rental investments a great protection against inflation. Despite their many benefits, most investors stray away from real estate investments when interest rises. After all, mortgage payments tend to rise alongside interest rates. However, this shouldn’t be an obstacle when making a smart investment. In this article, we’ll go over the main reasons why r…

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Every landlord needs to take preventing mold growth seriously. Toxic mold exposure, including inhaling mold spores or the development of black mold, can cause serious health issues in addition to unpleasant smells and being an eyesore. Regular or black mold thrives in multiple regions, and prolonged exposure is a top health hazard and environmental hazard. Most molds grow on any surface with past or present plumbing leaks or damage in your rental property. Preventative measures should always be top priority for the upkeep of these areas to en…

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