Being a Landlord is Tough. Hiring a property management company makes life easier. Being a landlord brings with it a LOT of responsibility: • Market the property • Find, screen and maintain tenants • Rent collections • Understanding of financial and legal responsibilities • Maintenance • Eviction and more But you do have options. Imagine…
Appliance Life Expectancy
One of the biggest leaps from being a renter to a property owner is the responsibility to maintain and replace household appliances. Think about the finances dedicated to those often-used, convenient pieces of equipment in your kitchen, laundry room and other parts of the house. The health of these appliances is impacted by the initial…
When Should a Homeowners Policy Become a Landlord Policy?
Photo credit: Jinx!; flickr.com/photos/span112 This post was written by Eric Skarnes for Simply Residential Property Management Magazine. Whether you are currently renting out your home or considering the option, it’s important to know about the differences between a typical “Homeowner’s” policy versus a typical “landlord” insurance policy. It’s common for property owners to make the mistake…
Tax Day Cometh: 6 Important Tax Deductions for Landlords
As Minnesotans, we can count on a few certainties in life. We will complain about winter but most of us will continue to live here year after year. The purple and gold will annually frustrate fans by not winning the big one, but we will keep cheering “Skol Vikes.” And don’t forget road construction season,…
Women’s History Month
In the United States, the month of March is Women’s History Month. While the focus of the month in 2016 is honoring women in public service and government, let’s take a look at the impact of women in the real estate industry. As early as the 1880s, women were transitioning from early real estate roles…
4 Things to Consider When Choosing a Property Management Company
Photo credit: Virtual EyeSee You’ve crunched numbers. You’ve considered all the possible outcomes and challenges. And now you’re comfortable moving forward hiring a property management company to manage your rental property. Congratulations. While you’ve made some substantial progress, your journey to rent your property still has some road left to travel. Entrusting your investment property to…