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The life of a long-distance landlord can be difficult since you are not living close to your tenants. You have to have a reliable property management system in place to take care of your property and tenants. Further, you will also need to be able to trust the tenants to pay their rent on time and take care of the property themselves. While being a long-distance landlord can be a challenging position to be in, you can gain passive income without the hassles of being physically there. The best part is with the right knowledge and tools, you can …

Pet ownership has significantly increased in recent years, so the demand for pet-friendly rentals is on the rise. This means that if you allow pets in your rentals, you’ll be able to attract more tenants and fill your vacancies quickly, thus reducing risks of a vacant unit. Additionally, pet owners typically stay in rentals for longer periods and are willing to pay higher rent prices. Despite all these benefits, it’s important to remember that allowing pets on your rental can put your investment at risk. A pet-friendly rental has a higher ris…

Are you thinking of moving to Missouri? Located in the Midwest, you might love the idea of its classic, friendly atmosphere and being at the crossroads of many states bordering Missouri, providing easy travel opportunities. Known as the Show Me State, Missouri also offers rural areas as well as urban areas like Jefferson City. But what about the details? As we all know, there’s more to moving than just a state’s reputation and location. If you want to experience what Missouri has to offer, read the following pros and cons before making your fi…

When a tenant leaves a rental property in good condition, it becomes easier for a landlord to rent it out. Prospective tenants will find the rental unit more desirable, which can reduce your vacancy rate. This is why it’s important to include a clause in the lease agreement that states the condition a tenant needs to leave your property in. In this article, you’ll learn what end of tenancy cleaning means and how it will help you run a successful rental business. What is End of Tenancy Cleaning? End of tenancy cleaning is the cleaning that a ten…

Are you struggling to attract tenants to your rental property despite your best marketing efforts? Have you ever wondered why your rental property isn't getting the attention and interest it deserves? It's time to take a step back and assess if you're making some common rental property marketing mistakes. While it's true that the rental market can be highly competitive, even small mistakes in your marketing strategy can have significant consequences for your rental business. From failing to highlight your property's unique features to neglecti…