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Top 3 Surprises for DIY Property Managers

We’ve all heard the stories. All a property owner wanted was some steady income on the side to tap into to send their kid to college or fund their retirement, and then it took two months to evict a delinquent resident who trashed the place in revenge.

Luckily, stories like those are usually outliers....

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How to Manage Vendors and Contractors

Not all vendors and contractors are created equal and requirements vary by property and company. Regardless of size and property type, always do your due diligence when selecting a vendor or contractor. In order to manage vendors and contractors effectively, efficiently and to get fair market value for...

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How to Determine What Rent to Charge for Your Rental Property

Whether you are renting a home for the first time or are in the process of negotiating a rental renewal for an existing property, pricing your rental for quick occupancy is vital to your success as a property manager. You don’t want to price it too low and miss out on putting more money in the bank and...

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Everything You Want to Know About Security Deposits but Are Afraid to Ask

Security deposits are designed to protect landlords from tenant damage to the property and nonpayment of rent. Seasoned landlords understand that collecting a security deposit from a tenant is nearly as important as collecting the monthly rent. This one-time, refundable fee (as long as the tenant leaves...

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Lease Renewals: 5 Important Questions to Consider

According to the U.S. Census Bureau report, roughly 11 percent of American renters moved in 2016. That means 89% of renters didn’t move. If you’re like most landlords, you’re probably wondering why it seems like you’re constantly trying to find new tenants, given these statistics. When you consider that...

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13 Common Mistakes Landlords Make With Evictions

Handling evictions is no fun, but mishandling them can be a nightmare. Evictions are an emotionally draining, complex process that is riddled with unique requirements that vary by state and even, in some cases, local laws. When you know what you’re doing, you can make the process smoother. Here are 13...

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How to Choose a Professional Property Manager

While many single family rental owners start with DIY property management, eventually they realize that hiring a professional property manager will not only free up their time and attention, but can also maximize the return on their investment through their expertise.

Selecting a professional property...

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3 Things Institutional Managers do Differently that Create Superior Investment Returns

One of the most important decisions an owner of a single family rental home makes is how they are going to have their property(ies) managed. Traditionally there have only been two options available to owners:

  • Manage it themselves
  • Hire a third-party fee manager

Today, with Haven Homes' Institutional...

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Stop Thinking Rent and Start Thinking Profit & Return

Many owners of single-family rental properties make the mistake of focusing on rent as the barometer of performance and success. They wonder, what is the most I can charge per month, yet still remain competitive? Or, how can I increase my rent and put more money in my pocket without losing my tenant?

...

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Topics: Profit

5 Steps to Managing an Eviction

Even the best owners of single-family rental properties, who have done their due diligence with tenant screening, may find themselves in a situation where they need to evict a tenant. If you do find yourself in that position, remember that owning rental properties is not a hobby, it’s a business. And in...

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