Single-family home renters earn more money, have more kids, and are more likely to be married than multifamily renters.
Comparing the 16 million single-family renter households to the 28 million multifamily rental households:
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2 Smart Ways to Improve Your Vacation Rental Property During the Off Season
It's no secret that Americans love camping and spending time outdoors. Whether roughing it in a tent or enjoying a luxury cabin, campers in 2011 spent 534.9 million days camping, an average of 12.6 days per person. And as the primary camping season starts to wind down, those who own and manage vacation rental properties have the ability to revamp their cabins and cottages and reevaluate their marketing strategies. Here are just a few ways to maintain or improve the quality of your vacation rental property during the off-season.
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How to Retain Your Good Tenants
Good tenants are hard to find. Add to that the cost of advertising for new tenants, the cost of cleaning and restoring the unit, and the loss in rental income during the vacancy, you want to make sure that your best tenants don’t move out any time soon. Here are a few tips to keep your tenants happy and ensure that they stay with you as long as possible.
101 Resources for Connecting with Potential Tenants
As real estate investors we need tenants to occupy our rental properties so that we continue to receive the cash-flow we love each and every month. Many of us rely on our property managers to market and advertise the property, but some of us manage our own properties. Even if you're a highly passive investor using the services of a manager, you may want to share this list with your property manager to help you out the next time you have a tenant turn-over.
99 Reasons You Shouldn’t Rent To That Tenant
If you’re looking for a reason to reject a potential tenant because of a gut feeling, here are 99 reasons to do so. If something seems “off” and you don’t know why, trust your instincts. Your neighbors and other tenants will thank you.
1. They try and get you to lower the rent before they even see the property.
This is a sure sign that this tenant can’t really afford the property. Asking before the showing means that the value of the property means little to them, they only care about the cost.
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