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Are you contemplating making the leap from being a part-time landlord to diving in full-time? Embarking on the transition from a part-time to a full-time landlord is like charting a new course on an unexplored map. As your portfolio grows and property management responsibilities mount, the decision to commit fully can be a game-changer. For many landlords, this shift means more than just an increase in workload. It's about embracing a new professional identity, honing skills, and potentially enjoying increased financial rewards. This article…

Once a lease comes to an end, both parties have the option to not renew it for another term. And at that point, state laws may require that the party terminating the lease notify the other in writing. Once that is done, you’ll want to send the tenant a move-out letter. A move-out letter serves to notify the tenant of your expectations, helping reduce potential disputes later on. This is especially true when it comes to the return of security deposits. Additionally, you can use a move-out letter to set out your expectations regarding inspectio…

Maintaining a rental property is essential for both rental property owners and a tenant. Well-maintained rental properties not only ensures a pleasant living experience for tenants but also protects the landlord's investment. Regular maintenance can prevent costly repairs, extend the rental properties lifespan, and enhance property value. By law, landlords are required to provide a habitable living space for their renters. This means that they are responsible to repair maintenance issues in their properties within a reasonable timeframe. Failur…

When renting out your home, it's very important to have a lease agreement. While inexperience can make it seem daunting to create a lease, you can manage by following a list of easy steps. Opting not to have one can mean facing problems later on so it’s best to have a written agreement on hand. Some landlords may think that a verbal agreement is more convenient but landlord-tenant relationships can shift and to settle disputes, a lease can be a reliable reference. Having a great lease can help keep things running smoothly from move in to move …

When creating an ad for your Plymouth rental property, you should already have an idea of how much to charge as rent. You can’t assign a random price or set it on a whim. It should be properly considered. Coming up with an accurate rental price requires careful planning. The more optimal the rental fee, the better your income and the more renters you can attract. What should you check before setting the right rental price for your Plymouth rental? You can start by evaluating your competition. Research rentals that are similar to yours based …