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Making your apartment showings matter

You’ve been trying to lease that apartment for weeks and you finally have an appointment for a showing. The prospective tenant shows up and says how much they love the apartment. Flash forward a few weeks later and the apartment still hasn’t been rented and you are still losing money. What went wrong? Was the unit not right […]

Friendly alternatives to evicting bad tenants

One of the most dreaded events in the life of a landlord is when you have to give a tenant the boot.  Whether it’s because they don’t pay rent on time, tear up their unit, or cause some other nuisance, bad tenants can turn a profitable rental property into a property management nightmare. Eviction and Cash […]

Raising your tenant’s rent

When it comes to managing apartments, keeping your rents at market rates is key to maximizing your profit potential. But even the most disciplined landlord will occasionally find they are selling themselves short on their rents. Whether this is because a specific tenant has occupied a given apartment for a long time, or expenses have risen, you might encounter the […]

Maximizing the rent potential of shotgun units

Shotgun-style units are a dime a dozen in South St. Louis. I don’t understand how anyone ever thought they were functional, regardless of the era they were built. Perhaps we can point to the invention of air conditioning and the fact that we take privacy for granted these days, for the changes in layouts. Regardless […]

Higher rents equal higher values for real estate

Since the market began to slip in the mid-2000’s, it has become harder and harder to get favorable appraisals. Especially on investment oriented properties, such as multi-families and rental homes, with so much of the local market dominated by foreclosures and cash investors.  When there are no comparables to be found, most appraisers are going […]

Managing tenants when not renewing leases

One of the most awkward situations a landlord can face is informing a tenant that they will not be renewing their lease. Whether the tenant has been in the apartment for one year or ten, it can be a delicate matter. Proper management of the situation will help to avoid lack of final rental payment […]

Writing off one bedrooms

When many investors are looking for their next rental property they have a tendency to ignore a vast majority of the current inventory on the market. The trait that these properties share in common is that they are single bedroom units. Landlords tend to shy away from them for fear that they won’t be able […]

Rents on the rise

Rents on the rise

Despite the gloom and doom touted by the media, right now is a great time to be a landlord or real estate investor. You’re going to have a tough time if you’re trying to sell, but the current buyers market is opening up some real deals. But this fact is by no means a secret. […]

Raising rents doesn’t make you a jerk

According to forecasts.org, as of today, the rate of inflation in the United States is 4.12%. That’s really high! Whether you live in St. Louis, the East Coast or Juneau Alaska this affects everything from the cost of a gallon of gas to your taxes. Money is worth less so it takes more of it […]

Cleaning up your act

Trash is never-relenting enemy in urban areas. Your tenants can be the cleanest on the block, yet trash will find a way into your yard. Those “free” newspapers that seem to appear out of nowhere on your front porch are a particular pet peeve of mine. Regardless of where it comes from, it needs to […]