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What is a CAP Rate and How do you Calculate it?
Reading Time: 3 minutesBefore you get into the game of being a property investor, having enough knowledge and a sharp eye in choosing the right property investment will help you be successful. The key factor in buying the right investment property is to learn how to determine the value of an income-generating property. Not knowing how to choose…
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8 Key Elements in a Landlord Property Insurance policy
Reading Time: 6 minutesA landlord’s rental property is their investment and therefore, they have to make sure it is protected all the time. Landlord insurance is a necessity for every property owner. It helps cover you against any financial risks involved in running a rental property business. There are many situations that may be unpredictable. Even…
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7 Tips to Achieve Great Results in Managing a Property
Reading Time: 5 minutesHow much time do you exactly need in managing a property and why a part-time property manager is a bad idea? Learn how effective time management is essential to every property manager. Managing a property is very time-consuming. For a first-timer landlord, there are a lot of issues they may encounter that may question their…
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Save more money with these Top 5 Hacks for your Property’s Major Expenses
Reading Time: 6 minutesWhile every landlord’s goal is to maximize their rental income and get it straight to their pockets, running a rental property is more than just about collecting your tenant’s monthly payment. An expert landlord knows that it is necessary to allocate a certain amount of their income for property maintenance. Properly planning and doing a…
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4 Main Benefits of Proactive Maintenance Plan
Reading Time: 4 minutesPerforming property inspections and maintenance is a necessity. If you fail to do them, it may cause a lot of trouble and can be very expensive. You may think there may be some items in your property that can be put off for a later time, however, being proactive and staying ahead of maintenance instead…
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Protect your property and your tenant: Key Details to add in your Lease Agreement
Reading Time: 4 minutesEvery landlord needs a well-drafted lease agreement. A clear lease agreement defines a landlord-tenant relationship. It also protects you from any unexpected liabilities. Having a comprehensive lease agreement is important as it will prevent any confusion and troubles along the way. Some landlords may just go to the internet and download a templated and standard…
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Do it the RIGHT way: Security Deposit 101
Reading Time: 5 minutesWhen starting a lease with a new tenant, some landlords tend to be careful as they are entrusting their property to another person. They want to be sure that their new tenant will abide by a set of rules and regulations as agreed in their lease. To secure that, landlords can collect a security deposit…
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Why Everyone Wants to Start Earning by being a Landlord
Reading Time: 6 minutesBecoming a landlord is not something you decide on a whim. Investing in a rental property is very inviting as it promises financial freedom if handled effectively. Having a rental property offers a steady passive income. Sometimes, becoming a landlord is a title someone can be proud of. The value of the properties appreciates every…
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Get Updated on Boston City Rental’s Registration and Inspection Procedures
Reading Time: 7 minutesA landlord’s job doesn’t end with just making sure you are taking care of your rental property and tenants properly. Same like others, handling a business requires you to abide by its set of rules. And as per the city’s regulation, registering your rental property business is required by the law. A landlord’s day to…
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