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If you are a property investor, it may have crossed your mind if it is better to hire a property manager or manage your rental home on your own. Before choosing an option, it is best to review first the main duties expected from a landlord. This way, you can assess better if you can completely manage all the tasks yourself or need dedicated support from a professional team. Keep in mind that some of these responsibilities can equate to sacrificing your time and can also be costly if done on your own. Main Duties of Landlords Here are some of t…

For new investors, the terms used in real estate investing can be confusing. However, the more often you encounter these words, the more confident you can become at communicating with the other professionals that you meet. Taking the time to get familiar with these terms not only increases your confidence in carrying on a conversation with real estate specialists, but it can also help facilitate your transactions faster. What Common Real Estate Investing Terms Should You Know? 1. Rental Property There’s no doubt that you’ll come across this wo…

In recent years, especially due to COVID-19 and the rise of virtual reality, the way properties are showcased has evolved significantly. It's no longer sufficient to just upload images of rental properties—modern renters seek more immersive experiences. Real estate listings with video tours generate significantly more leads, and many renters consider pre-recorded video tours an acceptable alternative to in-person tours. Advantages of Rental Video Tours Video tours provide a unique advantage over static images due to their versatility and comp…

As a landlord, maintaining your rental property in good condition is crucial. A rental in good shape will increase its value over time, minimize financial loss, and keep your renters happy, which often translates into longer, more stable tenancies. A key step for maintaining your property in good shape is to prevent property damage from tenants. When renting out a property, signs of tear and wear are inevitable. However, this doesn’t mean that you can’t take preventive measures to avoid further property damage. In this article, the experts at L…

Administrative tasks can be repetitive, however, they are still essential tasks that landlords must perform. Among these duties is sending a move-out letter to your tenants. Writing a move-out letter improves communication between the tenant and landlord and ensures a smooth end to the tenancy. The move-out letter will inform tenants of when they must vacate the rental property and what end-of-tenancy tasks they must fulfill. If the property is turned over in a clean and functional state, then it’s easy for landlords to begin the re-renting pr…