Over 35% of homes in the US are rented. Renters in these properties typically sign lease agreements of one year or less. But perhaps it's time for that to change.Long-term lease agreements can work well for both tenants and landlords. There are all kinds of benefits that you ...
6 Property Accounting Tips for Real Estate Investors
By Mike Barbanica Monday, March 13, 2023
Rental properties are in high demand. As a result, the rental vacancy rate in 2022 was only 5.8%.One of your top goals as a landlord is to keep your units occupied. After all, you need rent money to pay your bills. However, another goal you should have is proper bookkeeping recor...
About 36 percent of all Americans, or almost 123 million households, rent their home. With home prices increasing, this percentage has crept up in recent years.This also means the rental property market is more competitive. Property owners and managers must do more to make their ...
Investing in Rental Properties: The Dos and Don'ts
By Mike Barbanica Monday, February 27, 2023
Are you looking for an investment opportunity with a high chance of providing a return on your investment? In that case, you might want to try becoming a landlord and investing in rental properties.As a landlord, you'll need a wide variety of skills if you want to be successf...
The California Eviction Process: A Guide for Property Owners
By Mike Barbanica Monday, February 20, 2023
Evictions. This can be a tenant's worst nightmare, especially if they are behind on their rent. In 2021, over 36,000 tenants in California received eviction notices.As a landlord, this may be the course you want to take for some troublesome tenants. However, evicting tenants ...
What Property Owners Need to Know About California Tenant Rights
By Mike Barbanica Monday, February 13, 2023
In October 2022, California Attorney General Rob Bonta gave tenant rights a shot in the arm by releasing a consumer alert. Its purpose? To help California's 17 million tenants understand their rights and seek help if those rights are being violated.The sheer number of renters...
A Property Owner's Guide to California Property Taxes
By Mike Barbanica Monday, February 6, 2023
Knowing the high price of California real estate, it might surprise most people to know that California property taxes are below the national average.As a real estate investor, of course, you consider the price of a property. But it's important to pay attention to additional ...
The Complete Guide to Reducing Rental Property Maintenance Costs
By Mike Barbanica Tuesday, January 24, 2023
It could cost you as much as $1,000 to paint a room in your rental properties. With costs rising due to inflation, controlling rental property maintenance costs is essential. Why spend more than you must?You can get a handle on several rental property maintenance costs in several...
How to Pick Tenant Screening Services: Everything You Need to Know
By Mike Barbanica Tuesday, January 17, 2023
Did you know that there are over 300,000 property management companies throughout America?If you want to make owning rental property stress-free, then teaming up with a property management business can save you loads of time. One of the best tasks they offer is tenant screening. ...
6 Common Tenant Screening Mistakes and How to Avoid Them
By Mike Barbanica Tuesday, January 10, 2023
Are you aware that there are more than 20 million rental properties across America?Owning a rental property can allow you to generate a huge income, but there are many expenses that you need to be mindful of in order to minimize them. Finding high-quality renters will ensure that...