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Having a vacancy is something that every landlord will experience. There will also be times when you’ll have extended vacant periods before you can find a new tenant. While this is inevitable, it’s important that you find a replacement as soon as possible. Not only does this impact your return on investment, but it also exposes the property to outside risks. We at Brentwood Square Management Services, Inc put together this article so you would be aware of the possible risks that an unoccupied property will be vulnerable to as well as some tips …

Pet-friendly rental properties are in demand because of the increase in pet ownership in the US over the years. Opening your rental properties to pets doesn’t always have to be challenging or risky. That’s what a pet screening process is for. It is always a good idea to screen animals before welcoming tenants and their pets in your rental space so you can maintain a calculated risk. With a well-thought-out pet screening process, you can properly draft your pet agreement and charge appropriate fees. We at Brentwood Square Management Services, In…

Opting to do a DIY approach when it comes to managing your rental space is common, especially for new full-time landlords. Most new property owners think that self-managing is fairly easy. Some purchase real estate while others convert their own residential homes into a rental as a source of passive income. When self-management is doable, it can also lead to committing missteps that hurt your income and overall investment. Here are 7 mistakes DIY landlords need to avoid: 1. Insufficient Budget Allocation for Vacancies The rental business can be…

A huge part of delivering a habitable rental property is ensuring it’s safe. As a property investor, your goal is to build more value for your real estate asset. As such, it’s critical to adopt security measures that reassure renters they’re staying in a safe unit. What’s more, they’re likely to become long-term tenants when safety is a priority. Make sure that your rental space is secure, well-maintenance, and insured to prevent your renters from wanting to move out. When you have firm security measures in place, you reduce your stress and avo…

To be a successful landlord, it is vital to learn the differences between month-to-month leases and conventional ones, so you know when is best to offer each. A month-to-month lease is typically a short-term one and is well-suited to landlords who aim for flexibility when renting out their properties. Whereas more conventional leasing agreement generally lasts 12 months. So, if you’re considering offering a renter a month-to-month lease, we at Brentwood Square Management recommend that you study the specific benefits and drawbacks of this lease…