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 […]
Things Landlords Should Be Doing Every Year But Probably Aren’t
Key Takeaways Landlords should review lease agreements and insurance policies annually to ensure compliance with North Carolina laws and adequate coverage. This helps avoid legal issues and ensure policies reflect current property values and risks. Conducting yearly property inspections, testing safety devices, and scheduling preventive maintenance protect both residents and the property’s long-term value. These […]
How to Be a Long-Distance Landlord
Key Takeaways Strategic Systems and Partnerships are Essential for Long-Distance Property Success – Managing a rental property from afar introduces challenges such as delayed maintenance, weaker tenant relationships, and local compliance risks. Successful landlords overcome these by using technology, hiring reliable property management companies, and building a strong network of local professionals. Long-Distance Ownership Offers […]
