1. Acquire smart investment properties The first piece of advice for success in real estate investment is choosing the right properties. Which will attract the best tenants? Multi-family units are efficient to manage, but single family homes may attract more stable renters. A good real estate professional will help you sort through neighborhood data, search for appropriate properties, and calculate...
1. Renovate the Kitchen Matching the finishes of the oven, refrigerator, dishwasher and microwave will instantly give the kitchen a more cohesive look. You don’t need to spring for top-of-the-line products, but upgrading will increase the kitchen’s functionality, which is a huge win for renters.Give the cabinets some attention: Before spending too much money on all new cabinetry, simply sand and paint...
More and more people across Zimbabwe are renting instead of buying homes. As individuals young and old flock to rentals, landlords must be able to differentiate between various tenants and find reliable ones to lease their properties. Here are some tips on how to find good tenants for your rental home. 1. Require a security deposit Pro industry tip: a sizeable security deposit amount can help you...
If you're a landlord, one of your worst nightmares is having to deal with overdue rent. Having a tenant who simply doesn't pay rent is such a headache. Not only do you have to hunt down the late rent, but you also have to decide how lenient you are. Do you offer a grace period? Do you accept partial payments? Or, do you let it go without any late fees? Getting paid rent is a necessary piece of being a...
1. Property Renovations Boost ROI with Higher Monthly Rent When you determine a monthly rent price to charge tenants, it’s normally based on the rental market and the condition of the property, so you really can’t go any higher without justification. That’s when the question – “Should you renovate your rental property?”, comes into play. If you would like to kick it up a notch, and charge...