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Staying just a short distance from your rental home may be challenging for several reasons. Staying at a location close to the house makes things easier, but long-distance landlording can be successful if you’ve got a new house elsewhere and you're ready for some management challenges. Real estate investors can use advanced technologies and services to buy property everywhere and get the most out of their investments. If you've invested in property out of state, you must understand how to successfully manage them to meet your financial objectiv…
Continue Reading...The "implied covenant of quiet enjoyment" is a real estate term that may not be clearly covered in the leasing agreement. But tenants are afforded this right regardless of whether it is on the lease or not. Sometimes called the implied warranty, the implied covenant of quiet enjoyment protects tenants from disturbances in their homes. It safeguards their right to rent a home and enjoy peaceful habitation within it. It is essential for landlords to be aware of this covenant and fully understand it. McKenna & Vane have put together this arti…
Continue Reading...Making the decision between renting or selling your house is a major one, and it comes with many considerations. If you’re a landlord or a homeowner who is considering this choice, it’s important to weigh the pros and cons carefully. McKenna & Vane Property Management has put together this article to help you navigate this important decision. By breaking down the main considerations, we aim to provide a clear picture of what each option entails, so you can make an informed choice that best suits your circumstances. Key Factors to Consider A…
Continue Reading...Are you a new investor wondering where to start in the world of real estate? The quest for the perfect investment property can be daunting, especially when faced with the vast array of options available. With their straightforward management, stable rental income potential, and strong demand from residents, single-family homes can serve as an ideal entry point into real estate investing. In this article, we’ll delve into why these properties are not just a safe bet but a smart, strategic move for new investors aiming to build a successful portf…
Continue Reading...Collecting rent on time is a crucial aspect of being a successful landlord, ensuring steady cash flow and maintaining healthy landlord-tenant relationships. Mastering the art of rent collection involves understanding various strategies that can streamline the process and minimize delays. In this article, we will explore effective techniques for ensuring on-time payments, from setting clear expectations and offering convenient payment options to leveraging technology and maintaining open communication. Whether you're a seasoned property owner …
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