Why Pet Screening Is Always a Good Idea
The comfort that pets offer has led to a general rise in pet ownership. As a result, tenants often look for rental homes that allow pets. For landlords, this offers an excellent opportunity to earn additional rental income. It's possible to draw in new tenants and keep your current ones by being accommodating with your pet restrictions. It is common knowledge that having pets around increases the risk of damage to your rental property. Neighbors might complain to you about the noisy disruption that pets can cause. If you're considering renting…
Why Rental Properties Are Still a Good Investment When Interest Rates Rise
Interest rates are frequently used as a gauge of the state of the economy. Many prospective investors reconsider when they rise since the expense of financing and upkeep of rental properties can significantly affect returns. However, rental properties continue to be a desirable investment option because of their potential for stable cash flow, tax advantages, diversification, and long-term appreciation, making them a compelling choice for investors even in an environment with higher interest rates. We'll discuss why rental properties benefit f…
What Landlords Should Know About Move-Out Letters
One of the most crucial moments in managing rental property is the move-out process. An important component of this process is the move-out letter, a document helps landlords foster positive landlord-tenant relationships. As a landlord, it’s essential to understand the importance of writing move-out letters as they help you ensure that your tenants vacate your property on time. In addition, a well-crafted move-out letter can help reduce potential miscommunication between you and your tenants. In this guide, Drew Doheny Property Management Team …
Risks of Having a Vacant Rental Property
One aspect of property ownership that often goes overlooked is the risk of having a vacant rental property. A vacant property can pose significant financial, legal, and safety risks for landlords. In this comprehensive guide, we will explore the various risks associated with having a vacant rental property. Financial Risks of Having Loss of Rental Income One of the most immediate and pressing financial risks associated with a vacant rental property is the loss of rental income. When your property sits unoccupied, your primary source of revenue …
How to Write a Good Property Listing
Are you looking to rent out your home in the Richmond Hill area? Your journey begins with designing and composing a good property listing. When well done, a listing has the potential of stopping a potential renter from scrolling past, clicking on the ad, and getting in touch with you. Most property owners lack the experience, know-how, and expertise to design a good listing. In this article, our experienced team breaks down what you need to know to write a quality property listing. Keep scrolling and learn all that you need to know about design…
