Rental Property Bookkeeping & Accounting 101

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If you’re a busy landlord, you may be tempted to let your accounting fall by the wayside—but did you know that 82% of businesses fail because they don’t manage their cash flow well? Although bookkeeping tends to take the back burner, it’s crucial for the success of your business. Fortunately, setting up an efficient accounting… Read more »

Protect Your Investment by Learning How to Spot Fake Pay Stubs

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Most prospective tenants are honest when filling out their rental applications; unfortunately, this isn’t always the case. Many landlords have discovered that applicants included falsified information in their applications. Fake pay stubs are one of the most common falsified documents rental applicants submit, so it’s important to know how to verify their authenticity. To help… Read more »

How to Handle Tenant Property Damage

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Owning a rental property can be an exciting business opportunity, especially if you have responsible tenants who take good care of the home and pay their rent on time each month—but sometimes things don’t go as planned. You might find an amazing tenant, or you might end up with someone less than ideal. They may… Read more »

Is Your Rental Considered an Investment Property or a Business?

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Landlords Property Managers Contact TSCI Tax season is on the way! If you’re a newer landlord who rents a single-family home, apartment building, or vacation property, you may be wondering how to handle your taxes this year. To ensure you’re receiving the proper deductions, you’ll need to determine whether your rental property is considered an… Read more »

The Top 10 Long-Term Real Estate Markets to Invest In

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Have you been thinking about investing in real estate? Traditionally, real estate has been seen as an effective hedge against inflation; when the price of goods and services go up, so do property values. However, with everything from fix and flips to turnkey properties and Airbnb rentals, you may be wondering what type of real… Read more »

Avoid These Property Manager No-No’s

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Not long ago, a rental property owner went viral after she snatched some packages from her renters, which she claimed was payment for the rent she was owed. Unsurprisingly, her actions weren’t well-received online, causing her to quickly backtrack on her position. A story like this is a great example of what NOT to do… Read more »

Squatter’s Rights: An Overview for Property Managers

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In most cases, the residents who live the properties you manage will be paying tenants. They were selected to live there, have signed a lease or rental agreement, and pay their monthly rent. In rare cases, however, you may encounter squatters. These are individuals or groups of people who haven’t signed a legal contract allowing… Read more »