How to Be a Long-Distance Landlord
A landlord might own a rental property in another city or state for several reasons. Maybe they received an out-of-state job offer or couldn’t pass up a great deal on an investment property in another state. Regardless of the reason, remotely running a rental property has been made possible by technological advancements. But, it can still be challenging to manage and market your property from a distance. That’s why the expert team at Nelson Property Management has put together some tips to help long-distance landlords thrive! Conduct Comprehens…
End-of-Tenancy Cleaning
As soon as a rental property gets vacated, as a landlord, you need to ensure that it gets re-rented as soon as possible. After all, vacant properties do not generate income. In order to ensure that your property attracts new tenants, you need to make it look clean, new, and ready for occupancy. Landlords should deep clean as soon as the previous occupants leave the house. Aside from cleaning every corner of the property, rental property owners should also address all repair and maintenance issues and make sure that the property meets the buildi…
Tips to Keep Your Home (and Investment) Safe
Being a good landlord doesn't just mean being prepared to keep up with repairs; it also includes taking proactive steps to protect yourself, your tenants, and the house itself. Here we'll present some top tips on doing this - from carrying out thorough tenant referencing checks before they move into installing security cameras that can act as an effective visual deterrent against burglars or vandals. Secure Entry Points Secure entry points to your home are a must-have for any homeowner. They protect you from intruders and other risks, as well …
How to Keep Renters Happy
Finding high-quality renters requires time and effort but once you find the perfect fit, you will want to keep them. These types of tenants pay their rent on time, communicate issues immediately, and take care of your rental property as if it’s their own. If you lease your property to someone like this, make sure that they renew it and entice them to stay with you long-term. Here at Nelson Property Management, we have put together these tips to help you keep high-quality tenants. 6 Tips on How to Keep Quality Tenants Happy It’s always a good i…
Pricing Your Metro Detroit Home to Rent
It’s critical to set an appropriate rental rate for your property when you decide to rent it out. The best offer will entice potential tenants while also providing you with enough cash flow to successfully manage the property. Successfully pricing your rental property in Metro Detroit is crucial. You can't undervalue the property because it will result in a poorer return on your investment. So, it will be more difficult to raise the rent in the future in line with the Metro Detroit real economy. But you shouldn’t overcharge for it either, as it…