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As a landlord, retaining good tenants is crucial to the success of your rental business. Not only does it reduce the stress and expenses associated with finding new renters, but it also helps to maintain a stable source of rental income. However, keeping tenants long-term is not always easy. So, what are the best ways to retain a tenant? In this blog post, we at State Property Management will discuss six strategies you can implement to increase your chances of keeping your tenants happy and satisfied. 1. Provide Excellent Customer Service Prov…

As a landlord, creating and maintaining up-to-date rental documents is essential. Having all of the proper documents on-hand not only helps keep you organized but also ensures that everything is running smoothly and legally. Depending on the type of rental property you're dealing with, there are certain rental documents that all landlords need. In this blog post, we at State Property Management will discuss what kinds of rental documents landlords must handle during the leasing process. The Importance of Keeping Documents Before diving into th…

Common marketing mistakes can hurt your chances of getting top dollar for your rental property. Doing some legwork first is necessary to avoid a lapse of strategy and, ultimately, lost time and money. Whether you’re new to rental property investment or a seasoned landlord, keep reading to avoid tripping up while advertising your property. 8 Common Rental Property Marketing Mistakes Don’t know where to start? We’re here to help! The following are 8 common mistakes that landlords make. 1. Not Knowing Your Target Audience One of the biggest mist…

Do you know how to handle a holdover tenant? During your time as a landlord, you may experience a situation where a tenant doesn’t move out at the end of their lease, and knowing how to address the situation is vital. In this article, property owners will learn how to lower the risk of having a holdover tenant, and what to do if a tenant refuses to leave at the end of their tenancy. What Is a Holdover Tenant? This is a tenant who stays on your property even after the term of the lease has come to an end. Although the lease has expired, they can…

Did you know that creating virtual tours are becoming increasingly common as they can be an effective strategy to market your rentals? Virtual tours are a great way for prospects to see the property before booking a property showing. The recent pandemic has also further popularized this strategy to limit the number of in-person visits. Video walk through tours certainly don't replace property photos, but that doesn't mean you shouldn't take advantage of the video medium. You may think that creating your own virtual tour is challengi…