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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…

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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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When you own and operate rental properties, you must be prepared for all the possible expenses associated with this kind of investment. Knowing the recurring expenses can help you set aside a budget from your monthly rental income to cover these costs. However, there are some rental property expenses that are not planned, and some of them can accrue quickly, having a big impact on your bottom line. To ensure profitability, landlords should account where their money is going to know which rental property expenses they can cut down. Moreover, k…

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