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Pet ownership has increased significantly in the past decades. According to Forbes, approximately 66% of U.S. households currently own pets. This number is expected to grow even more in the upcoming years. As a landlord, this can represent a profitable investment opportunity. Opening the doors of your rental property to people with pets can be incredibly beneficial. Pet owners often look for long-term accommodations to avoid having to move constantly with their pets. They’re also willing to pay more for pet-friendly accommodations. In this gu…

Keeping tenants satisfied in the modern rental market is more crucial than ever. With increasing competition among part-time and full-time landlords and property managers, understanding how to create a positive renting experience can significantly impact tenant retention rates, property reputation, and overall profitability. Satisfied tenants are more likely to renew their leases, take better care of the property, and recommend your property to others. This in-depth article will share some excellent tips to ensure your renters are happy and st…

Managing a rental property comes with its share of challenges, among which preventing damage inflicted by tenants is a prominent concern for many landlords whether they are part-time or full-time. While wear and tear on a property is inevitable over time, significant damages can result in financial strain and prolonged vacancy periods during repairs. To reduce these risks, adopting a proactive strategy is essential. Keep reading this article to learn more! Valuable Tips to Prevent Tenant Damage Thorough Tenant Screening Finding the right tena…

Investing in real estate is a surefire way to ensure financial stability and a more comfortable retirement. Owning a rental property will allow you to earn a steady passive income every month. However, most people underestimate the full scope of expenses associated with renting out a property. Beyond the initial purchase price or mortgage payments, rental properties accrue various costs that can significantly impact their profitability. These costs include property management fees, utilities, insurance premiums, and even routine maintenance. I…

Landlords and tenants in Massachusetts have certain legal responsibilities. One such responsibility is abiding by the Massachusetts security deposit law. The MA Gen L ch 186 § 15b is the piece of legislation that regulates the collection and return of security deposits. As a landlord, you should clearly state these tenants' security deposits expectations in the valid written lease agreement. It's important for a landlord to be very familiar with how to handle a tenant's security deposits, or it can result in court costs and attorney's fees. Th…