Posts by The Welcome Home Team
Tips for Finding Great Tenants
One of the most challenging things self-managing landlords face is selecting the right tenants. Choosing the right tenant for your rental property will either make you or break you as a landlord, so you need to ensure you take your time in this process. If not done properly, you can kiss that cash flow goodbye.…
Read MoreHow to Attract Long Term Tenants
Long-term tenants are a great way to ensure your investment is operating at peak efficiency. Turnovers cost money and can be a stressful time for investors. If a tenant has left after staying for 6 months, then you need to advertise your rental again. Once you attract prospective tenants, you’ll also need to spend time…
Read MoreUnderstanding Emergency vs. Non Emergency Maintenance
Tenants often believe that every maintenance request is an emergency or the most important maintenance request in your building, but that is rarely the case. It’s important that you explain the differences between emergency maintenance requests and standard unit maintenance along with the priority level differences between the two. This can help your tenants understand…
Read MoreNational Pet Day & Screening for Pets
Over the weekend, we celebrated National Pet Day. If you’re a pet owner, you know there’s not a day that goes by that you don’t celebrate your animal companion! So, hug your dog or cat as you do every day because we know that this animal makes you happy — and that’s not all. Over…
Read MoreCosts to consider when acquiring a rental property
In the lead up to acquiring a rental property, emotions and excitement are high. We tend to be drawn into the deal and some things tend to slip our mind. But I need you to take a step back for just a moment and think of the other factors that can make or break you…
Read MoreTop 5 questions Property Manager’s get asked
So, you’ve decided to hire a property manager! Congratulations! You’ve made a great decision. However, it’s important to realize that not all property management companies are created equally. Levels of experience can vary widely, as can the rates that property managers charge. Some may leverage new technology, while others may be operating the same way…
Read MoreBe Spring Ready
Saturday marked the official first day of Spring. You’d hardly know it, because I think that Groundhog is paid to be wrong every year, but hey, that’s ok. However, it gives you some time to begin planning spring ready maintenance at your rental property? What? Yes, that’s right, preventative maintenance. As a real estate investor,…
Read MoreLeveraging equity to scale your portfolio
As property managers and realtors, we constantly educate our clients on the value of home ownership. Whether it be your primary residence or a rental property(s), the investment you make typically will yield financial gains over and over again, if managed properly. Home equity is simply how much of your property you own, specifically how…
Read MoreShould you install a smart thermostat
As property managers we are always asked for advice and guidance by investors. They are constantly researching and finding ways to do things better, which is great. It also ensures that we remain up to date with all of the industry trends and technology available to investors. One question we are asked on a regular…
Read MoreSmall gestures to show resident appreciation
Many of you have heard all of the stories in the media about terrible tenants. The media likes to sometimes sensationalize these stories, however what you never seem to hear stories are the stories about great tenants who take great care of our properties. Wouldn’t you like to be part of that story? Us too,…
Read More