The condition of your rental greatly affects whether it’s ready for occupancy or not. To remain competitive, you need to make your rental unit appealing to tenants. This includes fixing any known problems, complying with your local zoning laws, and upgrading the property to make it more enticing, comfortable, or aesthetically pleasing. From the foundation […]
5 Tax Benefits of Owning Rental Properties
Generating income and increasing owner equity over the long term are not the only ways investors hope to profit by owning a rental property. Investing in rental properties provides numerous tax benefits compared to many other income producing assets. Let’s take a look at 5 tax benefits and deductions for rental property that every real […]
Tax Season is Coming Quickly
Tax season is coming quickly which means wrapping up bookkeeping and get those last-minute questions answered. You work hard to increase rental profits and your accountant can help you find ways to maximize your ROI through tax savings. Rental real estate offers favorable tax advantages compared to other types of investments. One of the biggest […]
Landlord Insurance/Additional Insured
The following is a guest post by Michelle Lea Whitman (Michelle Lea Whitman Agency LLC) The major benefit of hiring a property manager to oversee a property is to lessen the owner’s risk and hassle of owning and managing said property. With the rise in cases of litigation against property owners and managers across the […]
4 Best Renovations for Your Rental Property
If you want to remain competitive in the rental property sector, you have to carry out renovation plans. Why? Renters naturally prioritize convenience and will pick properties in which the amenities are modern and newer looking. Aside from that, you want your home value to keep increasing instead of diminishing throughout the years. Proper maintenance […]
Essential Tips for First-Time Landlords
Contrary to common perception, being a landlord isn’t just sitting relaxed in some tropical beach while waiting for the rental payments to credit in your account. It requires dedication to serve your tenants well and make sure the property is in top shape. If you’re a first-time landlord, it pays to study the best practices […]
Simple Ways to Earn More Rent for Your Pennsylvania Home
A real estate investment can be one of the most lucrative ways to earn passive income. For decades, the team at Premier Property Management Services has been finding new ways to help our clients improve their income prospects. Are you looking for ways to make the most of your rental income without resorting to raising […]
What Is Normal Wear and Tear?
The concept of “normal wear and tear” is heavily debated. Ordinary wear and tear is different from tenant damage. Tenant damage affects the outcome of the security deposit, whereas normal wear and tear doesn’t. In some cases, the disagreements tied to normal wear and tear can lead to costly court battles. It’s best if both […]
The Benefits of Renting to Tenants with Pets
Nowadays, you can see how the number of pet owners has escalated. We see dogs and their dog owners everywhere, from hiking mountains and swimming in the sea, to hanging out in cafés. A lot of businesses are now catering to pet grooming and pet fashion, the market now expanding, especially for dogs. It takes […]
How to Attract Long Term Tenants
As a rental property owner, attracting long-term tenants should be your aim. A renter who continues to renew the lease creates less work for you and ensures a steady income. However, how can you attract and retain these kinds of renters? Well, there are several factors that can encourage tenants to stay longer in […]