Rental property businesses come with a number of operating expenses that, if left uncontrolled, can greatly reduce profitability. So, as a rental owner, it’s crucial to know the different types of operating expenses in the rental business. Even more so, find and...
Near the end of your lease contract, you’ll most likely be faced with the question of whether or not you’re going to renew your lease or not. For most tenants, renewing their lease is not a huge deal, especially if they’re happy and content with their current housing...
As a tenant, eviction is something that you never want to experience, especially if there’s a pet involved in the matter. Being evicted from your home is one thing, but having to deal with that with a pet with you can make the situation more complicated. The question...
A joint lease agreement is one in which two or more people sign the lease, making them equally legally responsible for its terms. But what happens if one person wants to back out? Can one person break a two person lease? The short answer is: a tenant can move out, but...
Thinking about investing in a rental income property? When you have multiple investment options, it’s important to evaluate each property objectively. This is where rental yields step in. This key performance indicator shows the income capacity of a property...
When looking into real estate investment properties, you’ve probably come across the term “stabilized” in some of the listings. But what is a stabilized property, and how does it impact your investment strategy? In simplest terms, stabilization in...
If you’re apartment hunting at the moment, you probably came across the term “railroad apartment” in a property listing. So what is a railroad apartment, and how does it differ from a traditional layout? In simple terms, this is a type of apartment layout that...
Looking to invest in a unique type of real estate? Then a flex space might be exactly the best choice. It’s a type of commercial property that is designed to accommodate a mix of uses – from office space and light production to distribution and storage. But what is...
In highly competitive rental markets, finding a rental property can be a challenge. In most cases, you’d find yourself submitting a bunch of applications to increase your chances of securing a lease. But, even then, this process oftentimes involves a lot of waiting....
Sometimes, finding the perfect apartment for you can feel like a race. That is why when you find a rental that checks all of your boxes, you want to secure it as soon as possible, which is where reservation fees come into play. But what is a reservation fee for an...
