Property Management Insights

How much should you expect to pay for annual repairs, maintenance, upkeep, taxes, and insurance on your rental?This is a tough question but there are ways to estimate how much you should set aside. Here are four methods – any one of them would work as a good estimate.Square...

Tip #20: It is really risky managing a property without knowing what the laws are that govern tenancy. Every state is different - some are move tenant friendly and structure laws accordingly. When managing your rental, don't assume anything. Make sure you consult the laws and...

Just for your information - Average Atlanta area rental prices: Atlanta: $1,645 ~~ Marietta: $1421 ~~ Decatur: $1300 ~~ Sandy Springs: $1602 ~~ Douglasville: $1308 ~~ Kennesaw: $1717 ~~ Smyrna: $1449 If you want to know what your how much your rental property will rent for, just...

Tip #19: It is critical that your rental home is in compliance with state and local building codes. You are responsible for ensuring your investment property meets health and safety regulations or your tenant may have grounds to break their lease or even worse, sue you. A judge i...

Tip #18: Pre-screen before showing your property. Once your property has been listed, you'll start to receive tons of calls from potential tenants. Before you schedule a time to show your property, ask your inquirer questions to determine if they even qualify. Ask them: why a...

We are frequently asked, "What is the best rental home to own?" We always recommend that you stay away from condo's, townhomes, and homes in an HOA community. The best rentals are small single family homes in the suburbs with 3 to 4 bedrooms. These homes generally r...

Fences are a plus! If you are debating whether or not to install a backyard fence, do it. You probably won't get more rent, but a fenced backyard attracts so many more tenants, even if you don’t permit pets. Fences give parents a sense of security and privacy for their ...

Train your tenants to be great tenants. Great tenants are hard to find so it’s up to you to make sure tenants know the rules and consequences. No matter how small a rule is, include it somewhere in the lease. When your tenant breaks a rule, enact punishment, which should al...

Toilet clogs are one of the most common repair calls made by tenants. Be sure that your lease clearly outlines what IS/NOT permitted to be flushed, ie no diapers, paper towels, or baby wipes. Clearly spell out that if the Tenant causes the clog, they are responsible for the costs...

Treat your rental like a business - because it is. Even if you only have one property, act like you are managing many. Use purchased leases so you are appropriately protected, act professional in front of your tenants and prospective tenants, maintain accurate books, put processe...