The seasons influence the rental cycle, which could be the difference between your property being promptly rented out or sitting empty for weeks. Knowing how to handle, comprehend, and adjust to seasonal demand is one of the best methods any landlord can use to increase rental income and reduce vacancy times. The demand for rentals frequently varies with the season, particularly in popular tourist destinations or with a sizable student population. Here are some vital tips for modifying your rental approach to maintain year-round demand for your property.
Read MoreHow to Attract and Retain Quality Tenants
The longer you are in the real estate investing game the more you’ll pick up tips and tricks to minimize your losses and maximize your gains.
A simple, no-brainer way to do this is by picking the “right” tenants; people who pay their rent on time, every time, and who treat your property well.
Bottom line, quality tenants are a factor in your success with real estate investing.
Read More6 Tips for Managing Multiple Homes
As a homeowner with multiple properties, I don’t have to tell you that managing them can be quite a challenge. From maintenance and finances to communication and time management, there’s a lot on your plate.
Read MoreEp 011 – How to Manage Rental and Vacation Homes
SHOW NOTES:
Many homeowners are investing in vacation homes or rental properties. And because they are investing in owning multiple homes, they have added concerns. We are going to talk about these additional concerns and what you need to do in order to successfully manage more than one home. Listen as we discuss maintenance schedules, the benefits of hiring a property manager, and the importance of a home inventory.
IN THIS EPISODE:
● [01:27] Beth’s experience with managing more than one home
● [04:43] What is a home inventory and why is it important for vacation and long-term rental properties
● [06:32] Maintenance schedules to be aware of and how different climates impact properties
● [12:09] How important is it to hire a property manager and what are the benefits
● [17:39] Key items to consider with selling your vacation home or rental property
● [21:03] How HomeZada helps with managing multiple homes
● [27:08] Action items: property managers and home maintenance
KEY TAKEAWAYS:
● Take a home inventory of your house before renters come in and then after or between long-term renters.
● Two benefits of hiring a property manager: 1) they can be on location to attend to issues in a timely manner 2) property managers generally have a network of contractors and or service providers that they regularly use for regular maintenance and those one off situations that are timely.
● HomeZada makes multi-home management so much easier, more comprehensive and it centralizes all of your important data in one easy to navigate location.
RESOURCE LINKS
https://www.homezada.com/homeowners/multiple-properties
BIO:
Elizabeth Dodson is a focused technology entrepreneur with successful skills in business development, sales, marketing and finance with over 20 years of successful management of revenue producing partners. With great organizational skills balancing multiple roles and responsibilities as an entrepreneur and the drive to increase company revenues and user growth for a consumer technology solution with a partner solution to support the homeowner market.
John Bodrozic has start-up entrepreneur experience beginning with boot strapping, profitable growth, securing venture and corporate venture funding, acquisitions of technology companies, and selling a business to a publicly traded company.
Tracking Details for Second Homes with HomeZada
Second homes are used as vacation homes, investment properties or rental income. However these homes are used, they still need care. How can you take care of this home if you are not in it often. HomeZada Deluxe gives you the capability of taking care of up to three homes. These homes can be your rental properties, your vacation homes or even your parents homes for estate planning and home maintenance purposes. Read More