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With inflation soaring high, a lot of people are considering investing in real estate to grow their wealth. Simply stashing your money in a bank can net you little earnings. Stocks can be lucrative but it’s always best to diversify your portfolio since the stock market can be volatile compared to real estate. Owning real estate can benefit you by Buying property for a low rate and then selling it at a higher price Purchasing land and then holding it for a long time to maximize the appreciation value Converting a property into a rental to gain …

As a landlord, you are bound by law to meet and comply with certain responsibilities. One of these is the right your tenants hold for the warranty of habitability. You must provide a safe and livable space for your renters to reside in. Per the State’s Landlord-Tenant rules, it is in your best interests both financially and legally to meet said requirements. Meeting these safety requirements goes beyond the initial design and installation of fixtures and fittings. You will need to conduct regular inspections to ensure compliance and detect any…

So, the lease in one of your rentals is about to come to an end. Well, it’s time to draft a move-out letter to ensure that your tenants vacate the property on time. While it might sound tiring, move-out letters are essential. When done correctly, they can help you find new tenants quickly by streamlining maintenance tasks, as well as save a lot of money on repairs. If you’ve never written a move-out letter before, we’ve got you covered! In this article, the experts at Avalon Property Management will tell you why move-out letters are so import…

Are you looking for a way to showcase your rental property in a professional and exciting way? If so, video tours are the perfect way to do just that. With the right preparation and setup, you can create an engaging tour that’ll show off your rental in its best light. In this article, Avalon Property Management will share all the necessary steps for filming a great video. We’ll cover everything from equipment and preparation to filming techniques and editing tips. Preparation: Equipment and Location Selection The first step to filming a great …

No landlord likes to deal with vacancies. After all, an empty rental property means you’re no longer generating a stable income from rent. Plus, a vacant property has risks, including theft, vandalism, and fire hazards. To avoid these issues, most landlords try to find long-term tenants. There are times, however, when renters might want to stay in your property even after their lease expires. While this might seem like a great way to avoid vacancies and maintain a steady source of income, it can come with many risks. In this article, the exper…