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5 Easy Ways to Get More Rent for Your Regina Home
Chances are, your reason for investing in Regina real estate was to get a passive source of income. With financial goals and property expenses to meet, rental owners of today are always looking for ways to increase the rent, and therefore their profit, from their rentals. Our property experts at Leenan Property Management specialize in helping landlords make informed decisions about their rental investments. With our experience and expertise, we have the knowledge you need to take your investment to the next level. Here are five tried-and-true …
Becoming a DIY Landlord? 5 Mistakes to Avoid
Many benefits come with owning and leasing property. Rental property is a good source of passive income, appreciates over time, and serves as a hedge against inflation. In addition, property owners can often get tax breaks at the end of the financial year. Considering the cost of buying a property, some property owners consider self-managing their rentals. These individuals are known as DIY Landlords. There are many reasons why someone would decide to manage a property for themselves. But your new status as a landlord doesn’t give you instant …
Should You Offer a Deal to Find New Tenants for Your Regina Rental Property?
Having a vacancy can really weigh down the return on investment. When there’s no monthly income to expect, there is still a ton of expenses to cater towards. Examples of such expenses include property taxes, mortgage repayments (if any), and property maintenance costs. So, once your Regina rental property falls vacant, you’ll need to have a solid marketing strategy in order to attract tenants. You may need to use a combination of both conventional and modern marketing tactics , such as using “For Rent” signs, running ads in local papers, as…
Landlord Tips to Have Better Relationships with Your Regina Tenants
As a landlord , you should be in good standing with your tenant at all times. Often, the relationship between a landlord and tenant is just considered from a business perspective. After all, it’s from the prompt and full collection of rent that landlords are able to meet their financial goals among other day-to-day needs. But for you to maintain and keep your tenant long-term, a more personal consideration is required. In this article, the experienced and professional team from Leenan Property Management offers some tips on how landlords can…
Hiring a Property Manager vs. Self-Managing: What’s Better?
Running a rental property will require you to make several important management decisions just like in any other business. Management is a crucial part of real estate investing that will determine the condition of the property, the prompt collection of rent, and the handling of tenants’ requests . As a landlord, you have two options: run the property yourself or have a property management company carry out the duties of taking care of the property. Each option comes with its own set of positives. However, before making any decision, it’s wi…
