Updated July 7, 2022. Across the country (not just in Baltimore), millennials have long been heralded as 'the renting generation.' It was assumed (often erroneously) that millennials simply had no interest in owning homes of their own and were happy to keep renting forever. As is often the case, reality didn't entirely match assumption.
Updated July 7, 2022. Raising the rent is a delicate process: you don't want to lose a renter, because getting an investment property ready for the next resident is where most real estate investors lose money. You also don't want to lose out on the income eaten up by inflation when you don't raise the rent. Most renters understand that an annual increase is 'business as usual.' Still, there are things you can do to reduce tension—and ensure you don't lose income when you raise the rent.
Updated June 8, 2022. Choosing a Philadelphia property manager is similar to choosing an 'asset manager.' A Philadelphia property management partner will be managing a very big asset of yours: your rental property. You don't want to entrust an investment of this size—or value—to a property management company that isn't going to give your asset the attention it needs to continue boosting your return on investment! Plus, you need your Philly rental property to bring you consistent cash flow to be successful as a real estate investor.
Updated June 7, 2022. I know that probably sounds like a silly question to a lot of residential property owners; Philadelphia property management costs money—how can it save you money? There is a lot to unpack concerning this assertion of rental property management services awesomeness—and we'll lay it out fully—but the main reasons are: You probably don't 'pay yourself' for your work or calculate the cost of your time. Expertise saves you from rookie mistakes that cost you. Economies of scale. Let's take a look at each of these in-depth to see how an exceptional Philly property manager like Rentwell can save you money—plus, a lot of other important things (like sleep and sanity). .
Updated May 09, 2022. Are you new to real estate investing? Well, you've come to the right place! Rentwell has been helping real estate investors build wealth through maintaining and appreciating investments, keeping turnover low, and cost-cutting innovation to support your long-term wealth since we got into this business! We love what we do as Philadelphia property management pros—and we've learned a lot along the way about how to succeed as a real estate investor.
Updated May 9, 2022. Eviction: The nightmare of every investment property owner—and for good reason. No one wants to be the 'bad guy' and put someone out of a home. No investor wants to be without the income they worked hard to make happen, either. Renters who don't want to pay their rent are few and far between: most renters want to pay their bills; they just fall on hard times. Sometimes evictions are necessary, though—so understanding the process before you ever get to that point is smart to ensure that you will be prepared if you ever find yourself needing to evict.
Updated March 29, 2022 When you work with a Philadelphia property management company like Rentwell, you'll know that we have our eyes on your property in every season to ensure your investment stays in peak earning condition! If you are a new investment owner in the Philly area, you might be wondering what kind of care your property needs to ensure your investment maintains its full value over time.
Updated March 29, 2022 'Should I update my rental property when there is so much uncertainty? If I do, what updates are going to make a difference, and what upgrades will just cost me money pointlessly?' There are a lot of variables that go into deciding on upgrades whether or not we still happen to be knee-deep in a global pandemic! Upgrades are a big deal. Thankfully, you've got Philadelphia property management experts on your side!
Updated April 13, 2022 Once you find a great renter and they move in, everything is set in stone, right? Not quite! A great renter screening program will help you with the first part: finding a renter that is great on paper. There is a second part is ensuring your investment maintains value and continues to be an investment—and doesn't become a burden. Here's what property owners need to know about routine inspections!
Updated March 8, 2022 "Man's best friend" is not always your best friend as a Baltimore rental property owner! Puppies that like to chew, toms that still have their "trouble puffs," the 50-gallon aquarium: visions of these pets leave many Baltimore rental property owners sleepless when trying to decide whether to allow or deny pets in their investment properties.
Philadelphia:
301 E Baltimore Ave
Clifton Heights, PA 19018
Pittsburgh:
438 S Main St, 3rd Floor
Pittsburgh, PA 15220
West Chester:
26 S Church St Suite 2B
West Chester, PA 19382
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