How to Encourage Tenants to Report Repairs Promptly
Key Takeaways Clear Communication and Easy Reporting: Set upfront expectations with tenants about repair reporting, and provide simple, accessible channels to encourage timely communication. Prompt Response Builds Trust: Respond quickly and keep tenants informed throughout the repair process to foster a trusting landlord-tenant relationship that encourages ongoing cooperation. Leverage Professional Management: For multiple properties or greater efficiency, partnering with The Drew Doheny Property Management Team ensures streamlined maintenanc…
Should I Rent or Sell My House?
Key Takeaways Renting offers flexibility and long-term growth—ideal if you plan to return, want to build wealth, or are waiting for a better market. Selling provides fast access to equity and relief—a smart move if your property needs major repairs, no longer fits your goals, or the market is hot. Local guidance matters—The Drew Doheny Property Management Team helps Richmond Hill investors make informed, personalized decisions. Not sure whether to rent out your house or put it on the market? You’re not alone. Many rental property owners face…
Why You Should Invest in Real Estate Over the Stock Market?
Ever wondered where to invest your hard-earned money for the best returns? As landlords, navigating investment options can feel challenging. But fear not, because today we're diving into a question that's been on many landlords' minds: why should you choose real estate over the stock market? While both avenues offer potential for growth, real estate stands out as a steady option in the storm of financial uncertainty. In this article, we will explore the compelling reasons why real estate might just be the solution you've been searching for in …
Things Landlords Should Be Doing Every Year But Probably Aren't
Owning a rental property brings its own set of challenges and responsibilities. From looking for tenants to ensuring the smooth functioning of every appliance, the role of a landlord is far from static. Yet, in the whirlwind of everyday tasks, it's easy to overlook specific annual duties that, while only sometimes urgent, are crucial for maintaining a secure and harmonious living environment. Below are key considerations and innovative practices every landlord should do yearly to elevate the property management experience: Ensure Tenant Safet…
Why Rental Properties Are Still a Good Investment When Interest Rates Rise
Interest rates are frequently used as a gauge of the state of the economy. Many prospective investors reconsider when they rise since the expense of financing and upkeep of rental properties can significantly affect returns. However, rental properties continue to be a desirable investment option because of their potential for stable cash flow, tax advantages, diversification, and long-term appreciation, making them a compelling choice for investors even in an environment with higher interest rates. We'll discuss why rental properties benefit f…
