Becoming a DIY Landlord? 8 Mistakes to Avoid
No matter what industry you look at, you’re bound to find independent entrepreneurs. Rental property management is no different! While some DIY landlords are great at taking care of their rental units and tenants, some also find it very challenging. You may not initially plan to become a landlord, but you may have a vacant property that you converted into a rental as another income source. Read this article to avoid some of the mistakes that DIY landlords often make. 8 Common Mistakes of Self-Managing Landlords and How to Avoid Them 1. Failing…
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5 Best Renovations for Your Rental Property
Landlords try to limit property vacancies to ensure they get consistent rental income each month. They often keep their rental units in outstanding condition to retain long-term tenants. One of the most effective strategies to attract more renters and make the property appealing is planning rental renovations. Adding new amenities or replacing old property features leads to more comfort, encouraging the residents to renew their lease. However, property owners don’t want to get carried away by overinvesting in property improvements. Prioritize t…
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How to Advertise Your Silicon Valley Rental Property Successfully
At times, new landlords can mistakenly think that having a great rental property is all it takes to have potential renters knocking down their doors. However, the reality is that you have to be dedicated to marketing your rental property. No product or service sells itself without effective advertising. That’s why learning how to market your Silicon Valley rental property is crucial! Landlords shouldn’t worry if they have limited experience in advertising. All they need to learn is a few key tips that they’ll be able to master in no time. Knowi…
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How to Attract Long-Term Tenants
There are many benefits to having long-term tenants residing in your rental property. You get to save on marketing costs and have consistent returns on your investment, which means you can plan for property renovations or expand your portfolio. Although some aspects of attracting long-term tenants can be challenging, it is possible! You can follow our tried-and-tested tips to end up with reliable renters who take care of the property and pay their rent on time, every time. Keep reading to learn more! Focus on Marketing Your Property Finding ten…
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Pricing Your Silicon Valley Home to Rent
Are you wondering how much to charge for rent at your Silicon Valley property? Rental pricing can be harder than you’d think! If you miss the mark, you can overprice your property and face long vacancies or underprice the property and not be able to properly maintain it. Luckily for you, the experts at Action Properties can walk you through how to price your rental property. Keep reading to learn our top tips and factors to consider! Market Research Your property doesn’t exist within a bubble. In any local market, you are competing with other…
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