Building a real estate portfolio requires strategic planning and a growth mindset. Define investment goals, conduct thorough market research, and diversify your assets to mitigate risks. Start small and scale gradually, tracking key metrics to inform decision-making. Consider working with a team and prioritize cash flow to ensure financial stability. Maintain financial discipline, utilize diverse […] The post Best Tips for Building a Real Estate Portfolio appeared first on Rentec Direct Blog ..read more

Rising property insurance costs pose a significant challenge for landlords, impacting profitability and operational expenses. Factors like natural disasters and property damages contribute to premium hikes, affecting landlords’ bottom line. Strategies such as preventive maintenance, technology integration, and insurance shopping tactics help mitigate these costs. Landlords should leverage property improvements, deductibles, and coverage options to […] The post Insurance Costs Are Rising: Here’s What Smart Landlords Are Doing appeared first on Rentec Direct Blog ..read more

At Rentec Direct, we’re always excited to share our latest updates. Your Rentec Direct development team has worked hard this quarter to bring you fantastic new features and enhancements to simplify your management tasks. Learn more about the exciting product updates and helpful fixes that were made live in Q1 of 2024 in your Rentec Direct […] The post Rentec Direct Product Development Update: Made Live in Q1 2024 appeared first on Rentec Direct Blog ..read more

As a landlord, understanding the fundamentals of property maintenance for your rental properties is crucial to maintain your investments and ensure tenant satisfaction. Below, you’ll find an in-depth overview of essential practices, tips, and strategies to effectively manage and upkeep your rental properties, so you can preserve your property’s value and also foster long-term tenant […] The post Beginners Guide to Property Maintenance for Rentals appeared first on Rentec Direct Blog ..read more

Rentec Direct Announces Tech Mastery Scholarship Application Deadline Fast Approaching Full Press Release Available on PRWEB Application deadline for Rentec Direct Tech Mastery Scholarship approaching on April 15 Rentec Direct, an award-winning property management software, is pleased to remind students of the ongoing application period for its annual Tech Mastery Scholarship Program. The program awards […] The post Rentec Direct Announces Tech Mastery Scholarship Application Deadline Fast Approaching appeared first on Rentec Direct Blog ..read more

The National Association of REALTORS® announced a $418 million settlement to resolve allegations of conspiring to inflate agents’ commissions, which could have artificially increased home costs. The settlement aims to address concerns about transparency and competition in the real estate market. In what could be an unprecedented shift for the real estate industry, brokers and […] The post Industry Outlook | NAR Settlement on Real Estate Commissions appeared first on Rentec Direct Blog ..read more

Lost Rent Insurance is a vital safety net for landlords facing financial losses due to vacancies, defaults, or property damage. It provides predetermined rental income during disruptions, covering a specified period. Landlords file claims when tenants default or the property is vacant, receiving reimbursement up to the coverage limit. Benefits include protection against defaults, coverage […] The post What is Lost Rent Insurance? appeared first on Rentec Direct Blog ..read more

Did you miss this feature when it was released? Learn the valuable benefits of the Automated Report Scheduling feature and how to use it in your Rentec Direct property management software. This feature allows landlords and property managers to schedule recurring reports to be emailed out automatically on a specific day of the week or […] The post Feature Spotlight | Automated Scheduled Reports appeared first on Rentec Direct Blog ..read more

Becoming a new landlord after you inherit a rental property brings significant responsibilities, including property management, financial planning, and legal oversight. Learn how to succeed as a new landlord by adopting a business mindset, setting clear objectives, and establishing efficient processes. As you begin your journey, be sure you understand the property’s condition, legal obligations, […] The post Tips for New Landlords Who Inherit a Rental Property appeared first on Rentec Direct Blog ..read more

Landlords and property managers must rely on objective data from background checks for tenant screening, avoiding subjective criteria to prevent legal issues, and today, screening a tenant is easier than ever. Technological advancements streamline the process, providing extensive data, efficiency, and compliance. Simplifying tenant screening involves clear criteria, screening services, consistent processes, and effective communication. […] The post How Easy is it to Screen a Tenant? appeared first on Rentec Direct Blog ..read more