How To Avoid Water Damage in Your Rental Property
Ever woken up to an email from your tenant about a burst pipe? Water damage can mean costly repairs and lost rental income for you. The good news is that proactive steps can significantly reduce the risk of leaks and keep your investment property – and your peace of mind – secure. Drew Doheny Property Management Team has written this guide to equip you with key strategies to prevent water damage, from routine maintenance checks to identifying hidden dangers before they strike. Let's ensure your rental property stays hazard-free, keep readin…
Costs That Landlords Don’t Notice They’re Accruing
Are you a landlord who is faced with the expenses that come with investing? You have come to the right place! To be a successful landlord, it is important to ensure your costs are organized and to monitor overspending. The fewer unnecessary costs you have, the more profit you’ll be able to make. Sometimes, though, you may find yourself overspending. This is especially true if you’re still new to the business or are busy with growing your portfolio. In this article, Drew Doheny’s Property Management Team is here to walk you through 5 costs to…
End of Tenancy Cleaning
The end of tenancy cleaning is a critical component of the property management process for landlords and rental property owners. When tenants move out, the property must be restored to a pristine condition not only to welcome new tenants but also to maintain the value of the property. Importance of End of Tenancy Cleaning For landlords, the goal of end of tenancy cleaning is twofold: ensuring that the property is attractive to prospective renters and safeguarding the asset's long-term value. A well-maintained property tends to rent more quickly…
What Landlords Should Know About Move-Out Letters
One of the most crucial moments in managing rental property is the move-out process. An important component of this process is the move-out letter, a document helps landlords foster positive landlord-tenant relationships. As a landlord, it’s essential to understand the importance of writing move-out letters as they help you ensure that your tenants vacate your property on time. In addition, a well-crafted move-out letter can help reduce potential miscommunication between you and your tenants. In this guide, Drew Doheny Property Management Team …
Risks of Having a Vacant Rental Property
One aspect of property ownership that often goes overlooked is the risk of having a vacant rental property. A vacant property can pose significant financial, legal, and safety risks for landlords. In this comprehensive guide, we will explore the various risks associated with having a vacant rental property. Financial Risks of Having Loss of Rental Income One of the most immediate and pressing financial risks associated with a vacant rental property is the loss of rental income. When your property sits unoccupied, your primary source of revenue …
