Why Is Tenant Screening Important? Following thorough tenant screening processes is essential to protecting your rental property. There are several benefits to verifying a potential tenant’s qualifications. Screening tenants will: Reduce the chance of lost rent Lower the risk of vandalism and crime Reduce your risk of liability Prevent frequent vacancies By evaluating critical factors…
I recently had the opportunity to meet Steve Bjorkman, CEO of RentalHero.io. Like me, Steve recognized that there is a tremendous opportunity to help landlords by automating their mundane task list and helping them ditch spreadsheets as their preferred tool for management of their rentals. RentalHero is an accounting software that eliminates almost all of…
Think to yourself, why did you get into real estate? We’re willing to bet that the added cash flow is one of the big reasons. We’re also willing to bet that you dream of the day that you can tell your W2 employer that you’re done. It takes grit and determination to scale, but it…
Rent isn’t your only income when you manage rental properties. You might charge for water or other monthly utilities. We know from experience that when you have income beyond rent, there will come a time when you need to reconcile that income to your deposits. That’s why RentMindMe offers easy to use reports that compile…
Do you experience communication challenges with your tenants? You might not experience them all the time, but from time to time they arise. Many landlords take for granted that tenants are our customers in the same way we choose to shop at a specific retailer, our tenants choose to rent from us when there are…
Some background As landlords ourselves, we have implemented online rent collection to provide our tenants with a convenient, self service tool for paying rent. We have seen our collection times improve and we are spending significantly less time chasing rent. The challenge There are times when we needed to bill for expenses outside of rent.…
How is your rental business perceived? Being a DIY Landlord is empowering. From owning and operating a cash flowing business to getting to call the shots and be your own boss, the benefits are incredible. Let’s face it – that stack of cash and checks at the end of the month is a thrill too.…
