Balancing Fair Housing Laws and Tenant Screening
Ensuring equal access to housing for everyone is a fundamental principle in the United States. Fair housing laws are in place to prevent discrimination based on race, color, religion, sex, national origin, familial status, or disability. While these laws are essential for promoting housing equality, they can sometimes present challenges for landlords and property managers […]
Red Flags: Signs of Problematic Tenants You Should Never Ignore
As a landlord or property manager, selecting the right tenants for your rental properties is crucial for a smooth and profitable renting experience. While most tenants are responsible and respectful, there are those who may cause issues, potentially leading to financial loss and headaches. In this blog post, we’ll explore some red flags that indicate […]
Safeguarding Your Investment: Essential Insurance Coverage for Rental Property Owners
Introduction Owning a rental property comes with its share of rewards and responsibilities. While the potential for rental income is attractive, it’s crucial to protect your investment from unforeseen events that could lead to financial losses. That’s where insurance coverage for rental properties comes into play. In this article, we’ll explore the essential insurance coverage […]
Finding the Sweet Spot: Tips for Setting the Right Rent Price for Your Las Vegas Property
Introduction Setting the right rent price for your Las Vegas property is a delicate balance that requires careful consideration. Charging too much might deter potential tenants, while charging too little could lead to missed income opportunities. As a landlord, your goal is to find the sweet spot that benefits both you and your tenants. In […]
Top-Rated Neighborhoods for Renters in Las Vegas
Welcome to the vibrant world of neighborhoods for renters in Las Vegas! Finding the perfect place to call home amidst this bustling cityscape is crucial. In this blog post, we’ll dive into the top-rated neighborhoods offering diverse lifestyles and amenities. From Downtown Las Vegas’s revitalized charm to Summerlin’s family-friendly enclave, we’ll explore each neighborhood’s unique […]
5 Things A Landlord Must Know
Property ownership can be a great long-term investment. For the most part, being a landlord can be a fairly easy and enjoyable process if you use the proper procedures, screen applicants to find the best tenants in order to avoid issues, and are educated about the rental market. Every landlord hopes they have a problem-free […]
Why You Should Rent To Pet Owners?
When choosing tenants for your rental property, you come across many questions and are as careful as possible to make sure you rent out to the right candidates. There are enough things to consider when simply renting your property to people, but what about leasing to tenants with pets? Have you ever thought about the […]
Ten Questions to Ask Potential Tenants
One of the biggest mistakes you can make when renting out your property is not thoroughly screening tenants. Without effective vetting procedures, you’re likely to end up with a tenant that will do more harm than good. Luckily there’s an easy way to avoid all of these troubles. Let’s go over ten questions to ask […]
How to Save Money on Utilities in a Rental
When renting out your property, it can be discouraging to see your profit disappear into bills and utility costs. Although you have a rental that is profitable, it can easily, in the blink of an eye, rack up your utility bills, which add up over time. Thankfully, you can reduce those costs and save money […]
What to Look for in a Property Management Company
If you own a rental property, you may be considering hiring a property management company to take care of the day-to-day tasks involved in managing your property. But with so many companies out there, how do you choose the right one? Here are some key factors to consider: Overall, choosing the right property management company […]
The Benefits of Using a Property Management Company
Are you a landlord who’s tired of dealing with the day-to-day responsibilities of managing your properties? Consider hiring a property management company like Goodjuju Property Management to take the stress off your plate. Here are some of the benefits: Hiring a property management company can be a game-changer for landlords. Contact Goodjuju Property Management today […]
Essential Tips for Dealing with Difficult Tenants
Being a landlord can be very lucrative. But it can also cause many headaches if you end up with bad tenants. Dealing with difficult tenants is challenging, but it is part of the rental business world. Here are some useful tips to help you tackle this problem and make your life as a landlord easier. […]
Strategies for Dealing with Late Rent Payments
Late payments are the beginning of disputes and financial troubles for landlords. Tenants that do not pay rent on time can affect the business plan of that investment property and create unnecessary tensions for the landlord. Sometimes, it can be just a simple case of an innocent mistake, but other times it can turn into […]
Navigating Eviction Procedures in Property Management
Having an investment property is generally a wonderful venture with lots of benefits. However, one can be faced with a situation where one must evict someone. They’re awkward, difficult, and emotionally charged processes requiring a firm approach. You need to stay level-headed and take steps to protect yourself and your investments throughout the process. With […]
DIY Management vs Property Management
If you’re a new landlord or if you’re considering hiring a property manager, you’re probably processing the difference between doing it yourself and hiring a professional to do it for you. Although there are things to consider and it can depend on your specific situation, you must know that the relationship between those two is […]
The Responsibilities of a Residential Property Manager
The responsibilities of a residential property manager vary depending on the size and type of property in question. Generally, however, property managers are responsible for overseeing the day-to-day operations of a property and ensuring that all tenant needs are being met. Today, we’re going to cover the main responsibilities of the responsibilities a property manager […]
Top 5 Things That landlords Need to Budget for in 2023
2023 is around the corner, and landlords have to start planning and budgeting for the upcoming year. Timely budgeting is key to the success of any business, so it’s important to take the appropriate steps to ensure that the landlord’s finances are secure. With the current economy increasingly unpredictable, landlords must consider certain factors when […]
What is Property Management
Property management is the process of managing and maintaining a property, whether it be residential, commercial, or industrial. It involves a variety of tasks, such as day-to-day maintenance and repair, securing tenants and resolving tenant issues, financial planning and budgeting, legal compliance, tenant relations and communications, marketing, enforcement of lease agreements, and more. Property managers […]
Is It Smarter to Rent or Buy a Home in Las Vegas?
If you’re trying to decide whether you should rent or buy a home in Las Vegas, Nevada, you should know that each choice has advantages and disadvantages. Your financial situation, your ambitions for the future, and the local real estate market are just a few of the variables that will affect your final decision. Everything […]
The Pros And Cons of Investing in Residential Properties
When you start thinking about investing in residential real estate you should consider several factors regarding the business. Property investment gives the owners a chance to live a stable life with passive income, however, it’s not as simple as you might think. There is hard work involved in securing the success of your investment. You […]
Seeking Passive Income
Passive income sounds very appealing to those who don’t wish to work corporate jobs. Although it sounds like there’s no work involved in making a profit by earning passive income, the source you choose will still include devotion and care. Passive income requires doing work upfront, so if you write a book, invent a useful […]
Can you manage your properties without a property manager?
Rental properties can be a great investment. Not only are they great for passive income, but it’s a clever way to grow your equity in real estate and having someone else pay for it. Deciding whether to manage your property on your own, or hiring a property manager is a big decision. managing your properties […]
8 Reasons To Invest In Property Management
If you are in the real estate business, I highly recommend hiring a third-party property management firm to do the job for you. Many might tell you this is a costly investment, and they won’t be wrong. The management fee is dependent on multiple factors, such as the number of rental units, property conditions, required […]
Staging a Home vs. Staging an Apartment
The primary goal of staging a rental unit – whether an apartment or a home – is the same: renting it for the best value in the least amount of time. Staging makes this possible for all types of rental units. There are major differences between staging a home and staging an apartment. It is […]
Is Property Management Necessary?
A property manager plays an important role in ensuring your real estate asset is well-managed. As with every type of investment, putting your money into an asset (even real estate) can have significant risks. There could be an unexpected slump in the market, or the renters market may be facing increased problems in paying off […]
6 Ways to Add Value to Your Rental Property
There are several clever strategies to increase the value and marketability of your Las Vegas rental without it having to be expensive. The best part is that it makes no difference where a property is, how the local market is performing, or what the average rent is because even the stalest rental property can be […]
When Do You Need the Services of a Property Manager
When you rent your property to a tenant, the goal is to generate a stable monthly income while also ensuring that your rental unit is properly taken care of. It is just as important to respect the tenant’s rights and look after their needs throughout their tenancy. But the average day in the life of […]
How to Spot a Bad Tenant Early
Almost every landlord is scared of ending up with a tenant who neglects their property or does not take rent deadlines seriously. Concerns like these are only natural, but did you know it’s possible to circumvent these problems even before they begin? Yes! It’s possible. Here are some tell-tale signs of a bad tenant. 1. […]
Easy Tips to Deal with Problem Tenants
Landlords and property managers deal with tenant problems nearly every day. Some tenants prove to be too troublesome, whether it’s missed rent, damage to the property, or noise complaints. The best way to deal with problem tenants is to use a thorough screening system to filter out the bad apples. Your property manager should help […]
Tips for buying a rental property in Las Vegas
Tips for buying a rental property in Las Vegas More and more people are making real estate investments, especially in Las Vegas. It’s no wonder when you look at Las Vegas’s housing market stability. However, if you are interested in investing in a rental property, there are things that you should look into […]
Moving Into a Smaller Home – How to Adapt?
Moving Into a Smaller Home – How to Adapt? Changing the environment is never easy. New home, new city, new neighborhood – it takes time to learn more about them and adjust to the novelties. However, one of the rather uncomfortable changes happens when you need to downsize. It takes some serious organization and planning […]
Do You Want to Get Rid of the Stench? Odor-Absorbing Paint May Not be the Only Answer
Rental units tend to develop foul smells for plenty of reasons. Over time, walls, carpets, and fabrics tend to emit odors you wouldn’t like. Such odors might persist even if the house undergoes multiple cleanings or tenants for that matter. Still, before we can go ahead and assume that odor-absorbing paint is the way to […]
Is Pet Screening Useful or Is It a Bad Idea?
Allowing pets into your rental properties can be described as a calculated risk. You see, there is always the odd chance that a cat, dog, or other pet may cause damages to the interior or other elements of your rental unit. On the other hand, the Humane Society found that 72% of all American renters […]
Las Vegas housing market most stable in 20 years, says GLVAR president
Las Vegas’ housing market had a bump in sales last month compared to June, but things have still largely downshifted from a year ago. Buyers picked up 3,159 previously owned single-family houses in July, up 8.8 percent from June but down slightly — 0.8 percent — from July of 2018, according to a new report […]
