How to handle late rent payments in 2024

late rent payments

Handling late rent payments requires a balance of firmness and understanding to maintain a good landlord-tenant relationship while ensuring that rent is paid promptly. Here’s a step-by-step guide on how to handle late rent payments: Review Lease Agreement: Refer to the lease agreement to understand the terms regarding late payments. Make sure you and your…

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What to do if you become an accidental landlord in 2024

accidental landlord

Did you recently become an accidental landlord and you’re searching for information on what you should do next? If so, you’ve come to the right place! If you find yourself in the position of an accidental landlord (someone who didn’t initially plan to rent out their property), there are several steps you can take to…

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The importance of hiring a property manager in 2024


2024 is around the corner and if you’re like most investors, you’re searching for ways to improve your business in the coming year. Thankfully, in the technology age there are a variety of things that you can do to improve your business but one of the very best things is to hire a property manager.…

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Reasons To Hire A Property Manager

property manager

Are you a property owner who is grappling with the day-to-day hassles of managing your properties? Do you find yourself constantly responding to tenant complaints, dealing with maintenance issues, and collecting rent? If so, then it may be time to consider hiring a property manager. A property-manager is a professional who specializes in overseeing the…

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What is a 1031 Exchange?

1031 exchange

For lifelong real estate investors, the 1031 exchange can be the trick to help them save on taxes and build significantly more wealth. This post is the road map to making this happen. What is a 1031 Exchange? If a landlord decides to sell a rental property at some point, they will need to pay taxes on…

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What is a late notice? How do you write one?

late notice

Writing a late rent notice is an unavoidable part of being a landlord. The notice of a late rent payment has three purposes. First, it reminds the tenant to pay the overdue rent promptly, informs about late fees, and then warns the tenant of the consequences of nonpayment. However, a late rent letter has a…

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Pros and Cons of Investing in a Condo or Townhome


Investing in a condo or townhome is an appealing option for those looking for a low-maintenance living situation, but there are pros and cons to consider before making the decision. With the ease of condo or townhome living, you’ll be able to enjoy a close proximity to amenities and a more urban living experience, but…

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Laws and regulations that all landlords must remember


Whether or not you’re a small- or big-time landlords, the reality is that there are some things you must know to be successful at your craft. For example, one important factor to consider is that all landlords must be fully aware of laws and regulations that apply to rental properties and tenants. That’s because, when…

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The ultimate guide for choosing a Central Valley property manager


Choosing the right Central Valley property manager is essential for any property owner looking to maximize their returns and minimize their headaches. The right property manager can be a godsend, ensuring that your property is managed efficiently and effectively, and that you don’t have to worry about the day-to-day operations of your asset. This ultimate…

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