Renting is defined as an agreement where a payment is made for the temporary use of a good, service or property owned by someone else. Rental properties, whether homes or office space, are properties which are owned by a company but used by someone else. For example, a rental home is usually owned by an investor or real estate company. The people who inhabit the property pay a monthly fee to live in the home. Typically, people who rent will sign a 12-month lease to remain in the property for that amount of time. At the end of the lease, the occupants have the option to renew the lease or find another property to live. Sometimes investors or landlords will offer different length terms, like 6 months, 18 months or 24 months, but standard leases are typically 12 months. Occasionally a lease will also state that when the lease expires at the end of the contracted term, that occupants may remain and pay on a month-to-month basis. Most lessors require 30 to 60 days notice of vacating the property.
When you build a property that is designed for renters, whether it’s a multi-unit apartment or a single-family home, tenant retention is a big consideration. Especially if the tenants are good..
If you’ve recently built a multi-unit rental investment property, one of the first things to consider is hiring a property manager or property management company. Hiring a third party to help with..
If you’re planning on building a build-to-rent property in a city or large metropolitan area, there are some things to consider to help you get the most out of your investment. Investing in cities is..
Luxury rentals are an excellent way for investors to target a wealthier tenant group and charge more than they could in a standard rental. Of course, this type of building project will also cost more..
When most people think of real estate investment, they probably picture urban areas and large multi-unit buildings. As a builder or investor, you know that the world of real estate investment is more..
Building multi-unit properties can be a very lucrative investment, but there are many important differences between these types of builds compared with single family homes. Furthermore, there are..
