As a landlord, maintaining your rental property is essential for maximizing your return on investment. Proper maintenance not only helps clarify your relationship with tenants but also reduces the risk of increased tenant turnover costs. Neglecting maintenance can lead to breaches of state safety and health codes, potential lawsuits, or even tenants canceling their lease agreements without penalty. When maintenance issues are left unaddressed, they tend to worsen over time. For example a small leak can escalate into significant structural da…
Guide to Making a Solid Lease Agreement For Your Rental Property
As a property owner, one of the most critical aspects of renting out your space is creating a comprehensive and legally sound lease agreement for your new tenants. This document serves as the foundation of your relationship with your tenants, outlining the rights, responsibilities, and expectations of both parties. A well-crafted lease agreement can prevent misunderstandings, protect your property, and ensure a smooth rental experience for everyone involved. By paying careful attention to the details in this agreement, you set the tone for a …
7 Tips to Get Your Property Ready to Rent
As a landlord, having a vacant property can be a frustrating experience. You have no income, yet bills like property taxes, mortgage payments, and maintenance costs keep piling up. Fortunately for you, there are several things you could do to get your property occupied by a great tenant. Here are 7 great Tips to Getting Your Property Ready to Rent. 1. Advertise Your Property Extensively Tenants will only be aware of vacant units if they are advertised. Promoting your property across all platforms ensures it is visible both online and offline.…
Quick Guide to Effective Tenant Screening in Fall River, MA
When you have potential tenants showing interest in your advertised Fall River rental home, the next logical step is to screen them. While some landlords skip this process or do a basic check, it’s still advisable to design an effective tenant screening process. Your goal is to make sure you have the right type of residents to reduce stress and protect your rental income. Refraining from screening prospective tenants can lead to property damage or possible unpaid rental fees. Identifying Quality Renters As a landlord, you want to ensure the ten…
Pricing Your Fall River Home to Rent
Renting out your Fall River house can be a profitable endeavor, but selecting the right rent amount is critical in your real estate investment journey. Whether you're a seasoned landlord or a newbie to the rental market, finding the best rental rate is a critical choice that can make or break your investment. Fall River, with its historic charm and contemporary amenities, holds strong appeal for prospective renters. Its picturesque waterfront, cultural attractions, and proximity to both Boston and Providence make it a desirable place to call h…
I couldn't be happier with Lyndsey and her team. From the initial phone conversation right through to the closing and management they have always been there with sound advice and prompt service. As an out of town investor it is very comforting to know that they are there 24/7 looking after both my investment and my tenants.