Owning rental property is one of the best ways to make a passive income, which is why it’s often considered such a smart investment. However, you may not realize just how much work goes into running a rental property until you have one yourself…
As a property management company, we offer a variety of different services to help you manage your rental properties. You can relax and enjoy the income from your property rentals while we take care of the tedious day-to-day tasks. Here are the services we provide as a property management group.
The legal process in which a landlord has a tenant removed from a rental property is called an eviction. Often an eviction may occur due to a tenant not paying their rent on time, or not paying the rent at all. It can also occur if the tenant causes damage to the property or conducts illegal activity in the residence.
Very often, property owners can become comfortable once their home property has regular-paying, well-mannered tenants. But you have to remember that just like your own home ages and shows signs of wear, so does your rental property. Regular inspections can help uncover potential problems early before they become very large, expensive problems.
Owning a rental property in the New Orleans area can come with a lot of ups and downs, and every day that your property sits vacant, it is costing you money. Long-term leases require the proper rental rate from the very beginning; otherwise, your property can soon be viewed as undesirable simply because you listed it at the wrong rental rate.
Owning a rental property is the dream of many people. The thought of earning income from rent passively attracts many people to become rental property investors. However, becoming a successful rental property investor requires careful planning and resource allocation.
The capitalization rate, known simply as CAP rate, is a key metric in the commercial real estate industry. The metric estimates the amount of profit a potential real estate investor stands to gain from any given investment. To arrive at the formula, a property’s net income is divided by the acquisition cost or current market value as shown below