Blog

Staying near your rental property may be challenging for several reasons. Staying close makes things easier, but long-distance landlording can be successful if you’re ready for its challenges. 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 effectively manage them to meet your financial objectives. Let's look at how to become a successful long-distance landlord. Hire a Local Property Management Compa…

Investing in real estate beyond state borders can be a lucrative endeavor for landlords seeking to expand their portfolios. While it may seem daunting at first, with careful consideration and strategic planning, out-of-state property investment can offer significant rewards. McKenna & Vane Property Management has put together this guide to explore the reasons to venture into out-of-state property, the challenges you may encounter, essential considerations before purchase, and frequently asked questions to help you navigate this investment l…

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…

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…

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…