Pricing Your Daytona Beach Home to Rent
Knowing how to price your Daytona Beach home is part of the marketing process. No matter how attractive your rental property is or where it’s located, nothing beats a great rental rate when you advertise. If you set the price too high, prospects will ignore your listings but if the rate is too low, you won't be able to maximize your earnings. Assigning the right rent rate increases the chances of finding a qualified tenant for your Daytona Beach home. You have to learn to set an optimal rate to ensure that your earnings can cover your mainten…
Continue Reading...Guide to Making a Solid Lease Agreement for your Rental Property
Your investment property must not operate without a lease agreement. Once you’re marketed your rentals and carried our a screening process, it’s time to sign the lease. A lease is a legal contract that can protect both a landlord and their tenants during the tenancy. You should, therefore, make sure you have a clear, written lease agreement in place before renting out your property. The document must be signed by both the tenant and the landlord for it to be legally enforceable. A legal lease or rental agreement outlines the obligations of both…
Continue Reading...How to Maintain Your Rental Property
As a rental property owner, it’s essential to spend time, money, and energy to maintain its upkeep. After all, you want to keep your property in its best condition possible to prevent costly repairs. A property in good condition is also appealing to tenants—it can easily attract long-term renters, which can help keep your vacancy rate low. While landlords are responsible for providing a habitable space, taking care of a rental unit is a shared responsibility of both tenants and landlords. Both parties are legally obligated to ensure that the re…
Continue Reading...9 Tips For Getting Your Property Ready to Rent
As a landlord, you know that tenant turnover is a part of owning a rental property. Often, it can feel overwhelming to prepare the unit for a new renter. From marketing to maintenance and repairs, it can seem like there is always something to add to your to-do list. That’s why we have provided you with a guide to help you cover all your bases when it comes to marketing your rental home. Using these 9 tips, your property will be ready for new tenants in no time! 1. Post Your Ads as Soon as Possible When beginning the marketing stage of your re…
Continue Reading...Quick Guide to Effective Tenant Screening in Daytona Beach
One way to ensure a successful rental investment business is to have good tenants. A good tenant will ensure you’re able to maximize your return on investment (ROI). But how exactly do you find a good tenant? This is a common question that many landlords, especially first-time ones, ask. Finding a qualified long-term tenant isn’t always easy, but with the right skills, you’ll be better position to succeed. In this blog, we will walk you through everything you need to know to find the right tenant. Begin the Pre-screening Process Pre-screening …
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