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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…
Collecting Rent on Your Regina Rental Home
Rent is one of the most important factors in owning an investment property. In some circles, landlords go as far as describing rent as the life force of their investment in real estate. If you think about it that way, their description is not too far off. A landlord will use the rental income in order to determine if the investment is profitable or not. In order words, rent is a crucial factor in being successful in real estate investing. It’s important to make several vital decisions in terms of how the rent will be handled and collect…
How to Keep Renters Happy
Running a rental investment is no easy task. As a self-managing landlord, you must ensure that your property is meeting its financial goals, keep the unit in top-notch condition, as well as manage the demands of your tenants. Out of all these, managing the demands of your tenants is the most time-consuming and difficult to achieve. Renters can be hard customers to deal with. However, your renters are also the most important element of property leasing. In order to meet your property’s financial goals, you’ll need a good relationship with y…
Is a Month-to-Month Lease Better for Landlords?
A lease agreement is a legally binding document provided to the tenant that guides their relationship with the landlord. The lease must adhere to the terms provided for by local authorities, the provincial and the federal government. While there are many types of leases that landlords can make use of, we will be focusing on the consideration of a month-to-month lease. A month-to-month agreement is a lease document that continues each month until either party provides a 30-day notice that they’re vacating the property. Most month-to-month le…
