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The Top 5 Items to Replace or Upgrade in Every Rental Property You Buy

The Top 5 Items to Replace or Upgrade in Every Rental Property You Buy

After you have purchased an investment property, have you ever encountered the dilemma of figuring out which things should be replaced or upgraded? Chances are you have already spent so much money acquiring the property, you may be reluctant to spend an extra dime in renovating the place (or at least, delay renovations until the […]

Should I Invest In Mobile Homes?

Should I Invest In Mobile Homes

According to John Fedro, an active mobile home investor, if you go this route you will be talking to motivated mobile home buyers and sellers who own all sizes of mobile homes and manufactured homes. Some of these mobile homes will be considered singlewides, and others will be considered doublewides. Whether singlewide or doublewide, both of […]

Should you ever relax your tenant screening criteria?

Should you ever relax your tenant screening criteria

Vacancy is expensive. In fact, it’s one of the biggest costs that a landlord may have. And it can sometimes cause landlords to get desperate. In such situations, it may be tempting to relax your screening criteria to get a unit filled. It’s understandable… You have an empty unit that is losing money every day, […]

[PART 3] Tenant Screening: Knowing when to approve or deny a rental applicant

Tenant Screening Knowing when to approve or deny a rental applicant

This week we are continuing our series on tenant screening. In part one we talked about how to read a sample credit report and fill out an application scoring sheet. In part two we talked about what to verify on a tenant application. This week, we are talking about how to approve or deny an […]

[PART 2] Screening tenants: How to verify income and other items on a tenant application

part 2 Screening tenants How to verify income and other items on a tenant application

This post is part two in a series dedicated to tenant screening. Last week we talked about how to score a sample credit report, this week we are going to talk about verification. This is an important step in the approval process, because it proves that the information they put on the application is accurate. […]

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How a move out packet can save you hundreds of dollars when tenants move out

How a move out packet can save you hundreds of dollars when tenants move out

One of the most important forms that you can use in the property management industry is the move-out packet. Not only will this form save you money, but it will improve your turnovers. Since we started using this form, tenants consistently leave units in great shape with minimal maintenance needed. This results in higher deposit […]