Property Management Blog

5 Strategies for Lease Renewals

According to the data collected from the Consumer Price Index Survey from last year, nearly 60% of all leases are for a one-year period.When the 12-month period ends, the best scenario for a landlord or property manager is for the tenant to renew the lease.A lease renewal gives t...

The Dos and Don'ts of Effective Rent Collection for Landlords

Imagine a world where tenants pay their rent on time, in full, and without complaint. It's a beautiful thought, isn't it?While you will never have 100% of your tenants on the same page, it is possible to have a majority of them follow the payment rules. The key is to crea...

The Importance of Getting an Eviction Check on Potential Tenants

Evicting a tenant is a great way to remove unruly tenants who refuse to pay their rent on time or cause other problems. While it's not ideal, an eviction is much better than letting them stay on your property and potentially lower its value. Even worse, they may put you at le...

Tax Statements and 1099s: A Guide for Teaneck, New Jersey Landlords

Do you own rental property in Teaneck, NJ?If so, the end of the year is a great time to start thinking about tax season. If you know what to expect, you can start gathering all of your necessary documents now, so you won't be as stressed down the road.For landlords, understan...

Landlord Rescue: 5 Major Signs You Need a Property Manager

It's awful that 55% of Americans are stressed daily.All types of jobs come with stress, but being a landlord is one of the trickier positions. You have to worry about finding suitable tenants and dealing with maintenance issues. Being a landlord can become overwhelming in a s...

5 Keys to Successful Rental Property Marketing

Efficient property marketing is the only way to engage your customers, increase income, and expand your business's reach. This is why you'll need to put a lot of focus on the right marketing plan if you want to be successful.Putting together an advertising strategy isn...

Rental Management or Tenant Placement: Which Is Better in Teaneck, NJ?

According to statistics reported by CNBC, approximately 15% of tenants are currently behind on their rent, with residents of New Jersey, Alabama, and South Dakota struggling more than others.If you own an investment property in Teaneck, NJ, this highlights the importance of caref...

How Often Should a Landlord Conduct Rental Property Inspections in Teaneck, NJ?

In Teaneck, NJ, 27% of housing units are rentals. Most landlords don't perform rental property inspections more than once a year. They reserve this right for when tenants are moving in or moving out.While this is by far the most important time to check your units, regular ins...

Your Guide to Successful Rental Property Accounting

To have a successful investment property, you need to treat it like a business.In an average year, US landlords earn hundreds of billions of dollars in rental income. If you want to be a top earner, you need good rental property accounting. There's nothing easy about keeping ...

The Important Questions You Need to Ask in a Tenant Background Check

How much can you possibly know about a random person you run into on the street? Would you let them into your home, let alone rent a room out to them?The point of a tenant background check is to eliminate any fear or anxiety you may have about a potential tenant. It verifies that...