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Renting out a property can be a lucrative investment opportunity, providing a steady income stream for property owners. However, when it comes to renting a property, one of the questions that many landlords ask is whether to rent it furnished or unfurnished. Both options have their merits, and it’s crucial for landlords to decide which is right for their business and how it changes how you advertise the rental. What Is a Furnished Rental Property? A furnished rental unit typically includes essential furniture, appliances, and basic amenities n…

As a landlord, whether it is your first time or if you've done it before, a solid lease agreement is crucial to the success of your rental business. Simply put, a lease agreement is a contract between a tenant and a landlord which highlights both parties’ rights and responsibilities. A rental agreement also lasts for a certain duration, usually a year. As a landlord, it’s important for you to create as comprehensive a lease agreement as possible in order to protect yourself and your rental property. Elements of a Solid Lease Agreement Here are …

Owning a rental property can be a profitable investment, but it also comes with its own set of responsibilities. As a landlord, it's important to maintain your rental property to ensure that it stays in good condition and retains its value. Regular maintenance can also help prevent costly repairs down the line and keep your tenants happy. However, with so many tasks to keep track of, it can be overwhelming to know where to start. That's why we've put together this guide on how to maintain your rental property. In this article, we'll give you ti…

Before you look for renters for your Richmond Hill investment property, you need to choose an accurate rent price. If you set a rental price that’s too high, prospective applicants will be discouraged from renting your home. If the rental price is too low, you might lose income. To optimize your rental income, there are certain factors to take note of. Compare Your Rental Price to Similar Units One of the best ways to set the right rent for your property is to do a comparison based on the competition in your area, the number of rooms, property …

As per GA Code Title 44 Chapter 7, a Georgia lease agreement can be established either orally, in a written document, or even be implied. A written lease agreement is the most popular form of lease between landlords and tenants. Once established in either of the three ways, the lease grants each landlords and tenants certain legal rights and responsibilities. While the Georgia landlord-tenant handbook can be useful, it might be a bit confusing to follow. Whether you’re starting out as a landlord in Georgia or you’re a seasoned landlord, being f…