Deciding to rent out your Birmingham property is a wise financial decision. Not only will you collect monthly rental income, you’ll watch your property grow in value. Tenants are essentially paying down your mortgage and contributing to expenses like taxes, insurance, and maintenance while they live there. If your home is paid off – even better! You’re earning straight cash flow and holding onto a valuable and appreciating asset.
Your cash flow and your ROI depends on low vacancy rates and consistent rental income. If your Birmingham rental property isn’t getting the attention or the applications you were hoping for, it’s time to evaluate and adjust. We are leasing experts at Decas Group, and...
Inspecting your rental property is an important part of protecting its condition. You’ll want to inspect the home before a tenant moves in to document its condition. You’ll also want to inspect it after a tenant moves out, so you can assess the property for any damage...
When it comes to drafting a lease agreement for your Birmingham rental property, it should be strong, legally compliant, and protective of your interests as well as your tenant’s. It’s easy to make mistakes when you’re putting together a lease, especially if you’re...
Maintaining your home is an important part of renting out a property. You have to keep the place in good, habitable condition, where everything works and is safe. Responding to your tenant’s maintenance requests as quickly as possible is necessary, which means you...
Vacancies are expensive. When you don’t have a tenant in place, you’re not earning any rental income. We have some tips on how to avoid long vacancy periods, and what you can do to retain excellent tenants. Vacancies Can be Seasonal Make sure you structure your lease...
