How to Be a Long-Distance Landlord
Investing in real estate has long been considered a lucrative venture, and as the market evolves, more landlords are exploring opportunities beyond their local borders. The rise of long-distance property management has opened up new avenues for real estate investors, enabling them to diversify their portfolios and tap into markets with promising potential. What Does it Mean to be a Long-Distance Landlord? Being a long-distance landlord essentially means owning and managing rental properties in a location that is geographically distant from you…
How to Know if Your Rental Meets Safety Standards
Providing a safe and habitable living environment for your tenants is not only your legal role as a landlord but also your moral responsibility. It is critical to ensure that your rental property complies with the safety regulations to protect your tenants and your investment. Neglecting safety can result in costly legal concerns, property damage, and tenant harm. Stringer Management put together this article so you can be guided on the major parts of safety regulations that every landlord should focus on to keep your rental property safe and w…
What Exactly is “Normal Wear and Tear”?
The state of a property is a concern for both landlords and tenants because it directly influences the property's worth and the living experience. A phrase that comes up frequently while delving into property care and renting is “Normal Wear and Tear”, but what exactly does it mean and why is it important in property management? Stringer Management put together this article to help you differentiate between ‘Normal Wear and Tear’ and ‘Damage’ and to assist you in deciding whether to use security deposits or cover repair costs out-of-pocket. “No…
The Benefits of Fencing a Rental Property
Owning a rental property is a significant investment and time commitment, so how do you prepare the property to make it as marketable as possible for potential tenants and then keep them long-term to avoid costly turnovers and vacancies? One significant factor is fencing on the property. Read on below to see our recommendations for fencing a rental property. Fencing for pets If you offer a pet-friendly rental property, fencing is a must. If your tenants can have pets but don’t have an outdoor area to let them off leash, it will be a negative as…
Hiring a Property Manager vs. Self-Managing: What’s Better?
Owning a rental property brings both financial opportunities and responsibilities. One crucial decision landlords face is choosing whether to hire a property manager or manage the rental property themselves. In this post, we'll explore the pros and cons of both approaches, helping you make an informed decision that suits your goals. Let's dive in and discover the better option for managing your rental property! Pros of Hiring a Property Manager When managing rental properties, hiring a property manager can significantly impact your investment's…
