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How to change real estate agents

How to change real estate agents

Here is a big question I get asked by landlords:

How do I fire my real estate agent?

Switching property managers happens all the time and it’s not always because you’re unhappy with the service. You might be looking for something cheaper, looking to manage it yourself or moving all your properties to one agent for consistency.

No matter the reason, switching real estate agents or property managers is actually more straightforward than you’d think. There is still a little prep involved, mostly because every management agreement is different – although many use their state’s REI (Real Estate Institute) agreement.

Even then, many agents insert clauses of their own.

I’ve broken down the switching process into some key steps below. Read More

Landlord insurance: what you need to know about this crucial purchase

Landlord insurance: what you need to know about this crucial purchase

As a landlord, you may think that a typical building or contents insurance policy will cover you should anything go wrong with your property.

You’d be wrong.

That’s why landlord insurance exists. Along with typical building insurance policies that cover you for fire or theft, landlord insurance will often cover the following circumstances: Read More

Should I Rent My Property To Friends or Family?

Should I Rent My Property To Friends or Family?

One of the great joys of my life is my family, and I am sure you feel the same. We are spread out around the country now, so we can’t all get together as often as we would like, but whenever the whole clan does gather in one spot it seems like a festival of joy, laughter and song. It’s a treat to see Grandma sitting there quietly, taking in all the love and affection that we feel for one another.

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When Should I Start Advertising My Rental Property?

When Should I Start Advertising My Rental Property?

People eventually move out of rental properties. That’s just the way the business works. You need to know when to start looking for new tenants so your property is never left vacant for too long.

Ideally, you want the next tenants to move in the day your property is available to avoid any loss of income. It would be great if you could advertise your property, show tenants through, screen the tenants, sign a lease, and move your tenants in, all within 24 hours. But most tenants need to give notice to vacate their current rental home before moving into your place. This is generally 3 to 4 weeks, depending on the state your new tenants are in.

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