AuthorKurt Kroeck

Need More Online Presence? Yelp for Help!

Though you are probably familiar with the impact of social media on property management, you may even know what Yelp is, but did you know that it can be used to boost your business? It’s important to note that over 132 million potential clients are on Yelp each month to determine whether or not they will use a certain business. This includes yours. With over 57 million reviews currently floating...

Pre-Screening Tips For Prospective Tenants

In the early days of anyone’s career as a landlord or as a property manager, one of the quickest way to turn you off to the business entirely: the bad tenant. Screening is always important, but there are a number of ways that you can pre-screen your tenants so that you catch problems before they happen and everything goes much more smoothly. Pre-screening tips by phone Most likely, every single...

After Hours Maintenance Emergencies

It was a dark and stormy night- and you, sleeping peacefully in the poppies, had no idea that disaster was striking on one of your properties. The roof began to leak to the point that the tenants were considering renting a tugboat to help move their stuff out. A tornado came, picked the house up and dropped it on some poor elderly lady’s sister. There was a small dog, and a lady floating in a...

Inexpensive Fixes For Rental Houses

One thing that we have to keep in mind in terms of rental properties, is that many who are going into the market are coming from a place of formerly being homeowners. Now, for some, this is an opportunity too good to miss out on: and you’ll miss out on it if you don’t create something a little similar to what they were used to, as homeowners. All too often, what you can charge in terms of rent is...

What About That Security Deposit?

The dreaded question that looms: how much should I charge for a security deposit? Nobody likes to think about it, and even fewer people like dealing with the hassles that come of this issue. Most property management firms know that requiring a refundable security deposit is important. On occasion, you’ll see someone in the old Craigslist ads that just doesn’t get it: and that’s a big problem. The...

Keeping Data Safe In Property Management

When you keep files on your residents, you are keeping a lot of information on hand. More than that, it’s very sensitive information. You wouldn’t just leave your identifying information, social security number, address and bank details laying around for others to look at: so, don’t leave your data unprotected. Data safety is quickly becoming a much bigger concern than it used to be...

Do You Have Questions About Rental Investing?

If you’ve been thinking about investing in real estate to rent, there are a number of questions that you should be asking. Perhaps you’ve just happened upon that perfect property, maybe you’re just thinking about where you’ll look: either way, there are a number of things to consider. What’s the supply and demand of the area like? One of the things I notice is that many of RentPosts’...

Keeping Good Tenants

So you’ve found the good tenant, but how do you keep them? Tenant retention is a good thing, and yes, offering certain perks and amenities can help. However, there are some good ways that you can keep them signing your lease, year after year. Vacancy cycles are bad for a number of reasons- of course, they happen, but there are ways that you can reduce them drastically. Begin early If you...

Getting Help With 2015 Taxes

It really does feel like it was just a couple of months ago I was writing about how to best prepare for the 2014 tax season: and here we are, it’s time for the 2015 tax season! Time flies. Now, you may be considering hiring a tax professional to help you this year, and that’s a smart thing. First, you can try talking with friends or other professional associates who can recommend someone, but you...

Getting Paid Rent On Time… Online.

One of the most common questions asked by both landlords and property managers is: how do I get my renters to not only have paid rent on time, but to pay it in full? Nobody likes having to deal with slow payments or even tenants who default, and even fewer still like having to face down an eviction. (I’m sure there are some out there who do, I’ve just never met any of them and I doubt you have...

College Property Markets That Rocked in 2014

RealtyTrac’s Q2, 2014 Residential Property Rental Report, had some interesting things to say about what markets rocked and what markets just sunk like rocks. A look at the report shows that the second quarter just wasn’t as great as the same time last year: the average annual return for 2014 was about 9.9% compared to the 10.60% of 2013. While the report gives us a great look at all areas...

2015 Rental Market Trend Predictions

Multi-family is a market that is on an increasing uptick, as homeownership is still at an all time low. Rents continue to rise in response, and trends are looking very promising for the rental housing market in 2015. Though a number of sources have indicated that 2015 might be a fairly big year for home-buying, this is due to two factors: first time homebuyers with more cash and credit and the...

Tips For Saving Money As a Tenant

Renting can often be a good way to spend a lot of money. Especially with the prices for rental properties jumping up all over the country. Most renters spend a large majority of their monthly income on paying rent, not including other bills. So how does one go about saving money in these times? Here are a few tips to lower your monthly expenses and put a little extra in your bank account. Lease...

So you got an Eviction Notice?

So, you’ve missed your last month’s rent payment, and maybe the one prior. You’ve now come home to a notice on your door of eviction and are naturally concerned. Being faced with an eviction notice is never a pleasant experience, but there are a few things to remember to help you when faced with with this situation. And, while eviction laws vary from state to state, here are a...

5 Best Mortgage Tips

For anyone who is considering or already in the process of home buying, you already know there are a number of things to deal with and get through in order to get the home you want while paying the price you find acceptable. One aspect of home buying that can be quite a tricky hassle is getting through the mortgage process. These simple suggestions can help you get through all of the a little bit...

5 Facts About Homeowner’s Insurance

Just like with most things, people usually don’t read the fine print when they purchase something. Everything comes with a fine print and that includes your homeowners insurance. While the obvious types of damages are covered, it’s the not obvious ones that have a tendency of causing you a headache. Here is a list of a few situations that are normally covered and not covered with your home owners...

6 Conditions You Need in Your Lease Agreement

Say you just bought your first rental properties and you’re ready to get started on going through applications and getting them filled. But what about the lease agreement? What most novice property managers fail to realize is that the lease agreement is their safe haven in order to keep tenants on the same page. It is a binding contract that should outline what is expected of the tenants, as well...

Social Media And RentPost = Generation Y

There is a lot of talk about appealing to the “millennials”. That sweet spot Generation Y crowd, the renters between ages 20 and 30. There are a variety of things that this particular generation is looking for- much more than just crash space, they want units that are as connected and trendy as they are. Appealing to them will require that you be the same. This demographic is very...

6 Ways To Prevent Problems In Rental Units

Sprucing up your rental units isn’t all that different from taking care of your own house. You want to make sure that all the little details are attended to before they end up becoming big problems. Of course, a regular walk around and routine inspections can help, but also, if you take care of these 6 things while they’re small issues, they never really need to become big problems at...

3 Reasons You Need Renter’s Insurance

While there may be many disputes between a landlord and the potential renter, purchasing renters insurance should always be an agreement. Not only does it keep the renters possessions covered in situations but it also keeps the landlord safe from lawsuits as well. Here are the top 3 reasons why renters insurance is the best way to keep all happy and covered. Thefts and Burglaries. As the renter...

5 Flipping Mistakes

Despite what television shows have glamorized, investing in real estate as an income is nowhere near a simple task. Although there are many mistakes that an investor is liable to make, here are a few of the top reasons that can usually cause an issue. Calculating Cash Flow. One of the largest mistakes that can be made by a potential real estate investor is not properly calculating the possible...

5 More Awesome Properties With Horrifying Secrets

So far, in part 1, we’ve got one property that hosted a potentially possessed kid, one that took the nation by storm in the 70s and still gets airtime even now, another that a serial killer used as command central and storage, a former funeral parlor, and a house made famous by the Halloween franchise. What’s next on the list? How about some historic properties? 713 Center Street...

5 Awesome Properties With Horrifying Secrets

As halloween nears, I thought it would be appropriate to explore some of the more interesting homes you’ll find out there. Sometimes on the market, sometimes not. We’ve talked about how there are some scary areas, and some scary properties in the practical sense: but have you ever thought about a haunted property? They’re on the market more often than you think, and if nothing...

6 Questions for Interviewing a Property Manager

Being a landlord means having a load of responsibilities. From collecting rent and utility money, property management, marketing, and maintaining a good relationship with the tenants, a landlord’s plate can seem very full. If you manage numerous rentals then you may be a bit too busy to manage your properties to the fullest. Hiring a property manager can help alleviate the stress and will ensure...

Should You Accept Section 8?

Section 8 Housing Program; Good for Landlords? Having your property approved for Section 8 Housing can seem to be a lengthy and somewhat stressful process. There is so much paperwork and inspections to deal with, it can almost seem like it’s not worth it. But just like any other venture, there are pro’s and con’s involved. For those unsure of what the Section 8 Housing Program, or the Housing...

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