Having a vacant property can be a headache for landlords. However, if you add burglary and invasion to the scenario, then you might suffer a critical financial blow to your investment. Going months without rent can be frustrating, but it can be even more difficult to find quality tenants for a home that’s just been targeted by local vandals.
Owning rental homes can be extremely lucrative, but many landlords make the mistake of over investing in expensive renovations without seeing an increase in monthly rental income. It can be hard to increase the appeal of the home without going over budget. Tenants want to feel comfortable and proud of their living space, but at the same time, they aren’t likely to care for the property as well as they would if they were homeowners.
Owning rental property is a timelessly successful way to bring in extra income. If single family homes are a great investment, then multifamily units can be even more lucrative. However, it can be difficult to manage the tasks required to rent several properties to multiple tenants, particularly for the novice investor.
While “location, location, location” may be the motto of real estate investing, when you’re renting a residential property, a quality tenant is the most important. After all, having a premium priced property in the best neighborhood won’t matter if it’s occupants aren’t paying your rent. So, how can a landlord find top notch tenants who pay on time, and stay long term?
The real estate market always seems to be fluctuating, particularly over the last few decades. An undulating series of burst bubbles, changes in interest rates, faltering mortgage lending trends and swings in the overall economy, has made many potential investors squeamish about investing in a rental property.
One of the worst experiences for landlords to have is a vacant property. To get a significant return on your investment, it’s important to have a steady stream of rental payments every month. When a lease has ended and a tenant has moved out, it can be daunting to start the process of finding a replacement. Often, landlords are eager to find someone interested in the
Many renters wrongly assume that their landlord’s insurance policy will cover the cost of damaged property in the event of an emergency. Unfortunately, this is almost never the case. While most homeowners view insurance as a necessity, less than half of American tenants have a renter’s insurance policy. Some feel like they don’t want to add to their monthly expenses, and others feel
Have you been dealing with a vacant rental property for months and are concerned? It’s understandable to be frustrated when you’re having a difficult time finding renters. However, there is probably a good explanation for why. After just a few modifications you could be signing an agreement with happy tenants in no time. First, it’s important to do some investigating to find out why exactly your property
Owning real estate is often looked at as a stable and wise investment. After all, everyone needs a place to live, and providing a good home to families in your area is not only fulfilling but also has the potential to add a decent amount of monthly income to your bank account. Unfortunately, all your hard work could be destroyed overnight with one unexpected event. It’s important that you know what kind of insurance policies are best for landlords, so you can keep your investment protected.
Many real estate investors begin their journey with great enthusiasm. However, after acquiring multiple properties, they soon realize that managing them has become a full-time job and there simply isn’t enough time in the day to keep up with the demands of their rental properties while juggling other priorities. A lot of ambitious men and women start out in real estate for the passive income opportunities available through owning rental property, and soon realize that successfully maintaining those
While many real estate investors take on rental units, there often comes a time when they are ready to sell the house. Timing is crucial when putting a home on the market, and sometimes a few months can make or break your chances of getting your maximum profit. For this reasons, many property owners begin to panic when they want to sell their house but tenants are still living on the property. It can be difficult to know what your rights are so you can take appropriate action.
Our modern world has created many technological advancements. When it comes to running scams however, these tools can be used to fool even the savviest property owner. These are four of the most frequently used techniques that fraudulent tenants in the Atlanta area may use to steal money, leaving well intentioned landlords with empty pockets and empty rental properties.
As a real estate investor, you’ve put a lot of time, money and effort into acquiring your rental properties and expect to get the best possible return. Many people get into the world of real estate, without being aware of the overwhelming amount of work involved in finding quality renters, becoming educated on legal matters and maintaining the property itself. There are a lot of property owners that also have full time jobs or own other businesses, and simply
Vacant properties don’t make money. Having empty homes is one of the worst issues that real estate investors face. The process of finding good renters can be long and arduous, which is why when you find tenants who always pay on time and treat your property with respect, it’s important to ensure they are happy and satisfied with the arrangement.
Many property owners get nervous when thinking about letting a family with multiple children invade their rental house. The thought of Crayola painted walls and holes in the drywall makes many investors think twice about pursuing tenants with kids. Though it’s illegal to discriminate against families who are interested in renting your property, it isn’t unusual to find a real estate investor who goes out of their way to make their property unattractive to families. However, there are a great number of benefits to renting to parents.
When you invest in a rental property, one of the most important things to avoid is vacancy. Determining the correct rental price is essential to having quality tenants. If you price too high, then you risk having your property sit unoccupied for too long. Price too low and you may have an easier time finding a renter, but won’t be maximizing your return. Here’s a few important factors to consider when pricing your rental property effectively.
Choosing the right property management company for your rental home or commercial location is essential to success. Hiring the wrong Atlanta property managers can be detrimental to your real estate endeavors. Most professional property managers in Atlanta take on the responsibilities of sourcing and screening tenants, taking rental payments, managing repairs and handling evictions. If any of these vital tasks are mismanaged in the slightest way, it can spell catastrophe for your investments.
Now that you have understood the value that a professional property manager can bring to your investment goals and your rental property, and we’ve told you what to look for in a great management company, we’d like to take this opportunity to provide an overview of our services at DKRentals.net. We are a full service property management company in beautiful Atlanta,Georgia.
Once you decide that it makes more financial sense for you to hire a professional property manager, you need to go about finding the right one for you and your property. There are a few questions you should be prepared to ask a potential property manager before you start working with that company.
One of the best reasons to hire a property manager is to save time and money. Most investors have other things going on with their own careers, family responsibilities or recreational pursuits. Leaving the management of your rental property to experienced experts in the industry is a smart decision.
The best way to protect your Atlanta investment property is by hiring an experienced property manager who knows how to take care of it and manage all of the tenant issues, maintenance issues and legal issues that are required.While there are more than three things that are necessary in the successful protection of your investment, these specific items need to be top on your list, or your property manager’s list.
When you decide to invest in rental properties and real estate, there are markets all over the country that you can choose for your investments. Atlanta provides a unique and exceptional investment opportunity. Smart investors who are involved in this market point to five specific reasons that Atlanta is an ideal place to buy rental property. If you’re not from this area, you might not know that Atlanta is considered by locals to be the capital of the South. People who graduate from colleges and schools in the southeast region know that
The repair manager is responsible for handling all maintenance requests. It is our policy to get owners approval on all maintenance requests over $200.00 unless other arrangements have been made. You can see all work orders on your property by logging on to the Owners Portal. If funds are available, the expense will be deducted on the next month's accounting statement. If funds are not available, the repair manager will contact the owner for payment arrangements. Sometime a request falls into the category of a maintenance emergency.
At DKRentals.net, we work with a lot of out of town investors, and the biggest concern that rental property owners have is that they cannot drive by the property and get a look at how things are going. That creates a little bit of tension.
Evicting nonpaying tenants or tenants who aren’t following the lease is never what you want to do as a landlord, but sometimes it becomes necessary. Today we are walking you through the eviction process in Georgia.
In most cases, the security deposit you collect will cover any damages or money owed after a tenant moves out. However, if the tenant owes more than what was paid in a security deposit, you’ll need to know how to collect from that tenant who has already left
Understanding tenancy laws is a responsibility that all rental property owners and landlords must take seriously. There are a number of complex Georgia and federal laws that you need to be aware of.
When you’re managing your own rental property in Roswell, you need to be aware of a few important things that will impact your success as a landlord. Here are several things to consider as you’re establishing yourself as a rental property owner.
A lot of potential property owners and even current landlords are always asking us if investors are still buying properties in the metro Atlanta area. The short answer is this: absolutely. Over the last few years, we have noticed a change in the type of investor
Some landlords think they can save money by managing their rental properties themselves, but we have found that making just one mistake can cost you more than an entire year of property management fees.
When you’re looking for a property management company in Atlanta, make sure you choose one that focuses on property management, and not on real estate sales.There are a few important reasons for why you want to make this distinction.
Today we are talking about some of the questions you want to ask a potential property manager before you start working with that company. We are highlighting four of the most important things you need to pay attention to.
Marketing your rental home properly will ensure it gets rented quickly and to a highly qualified tenant. There are three different options you have when it comes to marketing.
Technology is very important to the efficient management of rental properties, and property managers need to utilize all of the technology they have at their disposal. Today, we are explaining the importance of that technology and how it helps us do our jobs.
Today, we’re providing an update on the Atlanta rental market as we see it. We do have a good feel for the rental market locally, since we manage properties throughout the entire metro area. We see different sub-markets as well, and everything is very encouraging to us right now
One of the main reasons to hire a property manager is to save time and money. Today, we’re going to explain four different ways that property managers can do that for you.
Today, we are sharing some property management tips for landlords who are new to the industry and need help taking care of their tenants and their rental properties.
On today’s blog, we’re talking about three important ways an Atlanta property manager should be looking after your investment home. Obviously there are a lot more than three things that need to be done, but we’re going to talk about these three specifics today.
Tenant screening is an essential part of property management, and today we are sharing the 5-step process that DKRentals.net uses when screening tenants. We use a system that we call RICCE: Rent, Income, Criminal, Credit and Eviction. Let’s explain a little more what each step really means.
Today, we are talking about why Atlanta is a great investment opportunity. If you are thinking about buying real estate in the Atlanta rental market, here are five great reasons why you should:
DKRentals.net is a full service property management company in beautiful Atlanta, Georgia. Today, we are going to share with you the top five reasons you might want to consider working with us for all of your investment property needs.
Call us now or fill out the form below to request property management service in Atlanta, Roswell, Alpharetta, Cumming, Norcross, Stone Mountain, Lawrenceville, College Park, Marietta, Riverdale, GA and all surrounding areas.