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When selling a property as a real estate agent, an investor, or a homeowner, an open house can connect you with potential buyers and prospects. Many prospective buyers block out time each week to attend open houses in hopes of finding the perfect place to live.

Have you ever wondered how certain people are able to go from having relatively little money and zero investments to having a booming real estate investment portfolio in a matter of just a few years? In most cases, it comes down to the powerful concept of leverage. But as great as leverage is, it’s easy

  You’ve probably seen ads offering reduced rent, free rent, or other discounts to tenants for the first month. Discounts are a central part of marketing and if you can offer a deal, why not?

Allowing tenants to smoke cigarettes inside your property can destroy your ability to rent or resell your property. Cigarette smoke sticks to walls, drapes, carpet, and even ceiling tiles in a form of sticky residue. This sticky residue, known as “third-hand smoke,” can linger for years unless it’s intentionally cleaned up.

Effective communication is the key to healthy landlord/tenant relationships. Effective communication is built on three main factors: transparency, honesty, and respect. With these three factors present, you’re more likely to resolve issues with your tenants before they grow into larger issues.

If you’re a landlord, you probably have a lease agreement or rental agreement for your tenants, outlining the rules and restrictions for the property, setting rent prices, and outlining a period of time during which the agreement is active. If a tenant breaks the lease agreement early by moving prematurely, they may face a penalty