How to Set Clear Expectations with New Tenants: A Landlord’s Guide
Key Takeaways Clearly communicate rules, criteria, and responsibilities before lease signing to prevent misunderstandings later. A detailed, plan-language lease creates consistency, accountability, and a reliable reference for both parties. Clear procedures for repairs, rent utilities, and deposits reduce conflict and confusion. Consistent communication and transparency help protect the property and foster a professional, positive tenancy. […]
What Landlords Need to Know About Depreciation and Property Value
Key Takeaways Depreciation is an accounting deduction that reduces taxable income, even while a property’s market value and rental income may increase. Residential properties are typically depreciated over 27.5 years and commercial properties over 39 years, excluding land value. While depreciation lowers annual tax liability, it can trigger recapture taxes when the property is sold. […]
Understanding Cash Flow: How to Keep Your Rental Business Profitable
Key Takeaways Cash flow represents what’s left after all expenses are paid. Consistently positive cash flow indicates a sustainable, profitable property, while negative cash flow signals the need to adjust pricing, expenses, or strategy. Demand in areas like Chapel Hill or Carrboro, the type of property you own, and whether you pursue long-term or short-term […]
How to Film a Great Video Tour of Your Rental
Key Takeaways Well-made rental videos act as a 24/7 virtual showing, helping tenants screen properties remotely and reducing wasted time for landlords. This leads to fewer no-shows, shorter vacancies, and higher-quality leads. A strong video tour requires preparation. Clear audio, simple staging, and a strong introduction significantly elevate the final product. Today’s renters expect fast, […]
How to Minimize Vacancy Rates in Your Rental Properties
Key Takeaways Reducing vacancies protects your rental income and increases long-term property value. The three most effective strategies are tenant retention, rigorous screening, and strong marketing. Consistent communication and proactive management are key to keeping your units occupied year-round. Vacancy in a rental property isn’t just a temporary loss of income; it’s an ongoing drain […]
