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Blog Post How Do You Calculator Prorated Rent in Springfield, MO?

How Do You Calculator Prorated Rent in Springfield, MO?

Did you become a Springfield, MO rental property owner to make passive income? Passive income is money earned without a lot of effort. You can hire property managers to handle operations for you.This includes prorated rent calculations. Offering prorated rent is a great way to sq... More +
Blog Post Why Should I Look Into Hiring a Property Manager in Springfield, MO?

Why Should I Look Into Hiring a Property Manager in Springfield, MO?

Are you at a crossroads about hiring a property manager for your rental house in Springfield?Your situation isn't uncommon. Many first-time landlords often have to choose between self-managing their properties and outsourcing to a third party. You might be more inclined towar... More +
Blog Post How to Find the Right Tenants With Effective Property Marketing

How to Find the Right Tenants With Effective Property Marketing

Competition is heating up in the Springfield, MO, rental market. The homeownership rate declined by 17% from 2010 to 2020. This trend is likely even higher now with record-high home prices and rising mortgage rates.Springfield's population is growing, and more residents are l... More +
Blog Post The Best Residential Leasing Management Practices in Springfield

The Best Residential Leasing Management Practices in Springfield

In Springfield, MO, renters comprise around 58% of the population. Plus, around 97% of the available housing units are occupied. This makes the city an excellent choice for astute investors wanting to earn an income from rental properties.Owning a home in a popular area of the ci... More +
Blog Post Is Outsourcing Your Tenant Screening Process in Springfield, MO a Good Idea?

Is Outsourcing Your Tenant Screening Process in Springfield, MO a Good Idea?

Finding the perfect tenants for your rentals is a critical aspect of property management. In Springfield, MO, the tenant screening process helps ensure a hassle-free leasing experience.As a property owner, you may find yourself grappling with the question: Is outsourcing your ten... More +
Blog Post How to Get Tenants to Renew Leases in Springfield, MO

How to Get Tenants to Renew Leases in Springfield, MO

Tenant turnover is a major loss for real estate investors. While filling vacancies is crucial, you still pay for marketing, cleaning, and tenant screening. That's why every investor needs a lease renewal strategy.First, think about why tenants are moving out. Rule out forces ... More +
Blog Post Avoiding High Vacancy by Using Tenant Screening Properly

Avoiding High Vacancy by Using Tenant Screening Properly

Having a high vacancy rate is one of the worst things that can happen to a landlord. For every day a property stays vacant, you're losing money.The best way to avoid high vacancy is to focus on tenant retention. Before you do that, though, you must find tenants who are worth ... More +
Blog Post Prudent Planning: How to Manage Property Maintenance Expenses

Prudent Planning: How to Manage Property Maintenance Expenses

As any landlord will tell you, property maintenance is a daily task. From talking to tenants to logging work orders, there's always something to do.Of course, such a large time investment must come with large expenses. If you're not careful, it's easy to blow the stan... More +
Blog Post 3% Interest Rates and the Rise of

3% Interest Rates and the Rise of "Accidental Landlords" in Springfield

Mortgage rates have upended the real estate market. Many would-be homeowners do not want to lock into a 30-year mortgage with rates as high as 8%.First-time homebuyers do not have an existing asset to leverage. For them, renting a home is the only option. Current homeowners would... More +
Blog Post How Rising Interest and Mortgage Rates Are Creating

How Rising Interest and Mortgage Rates Are Creating "Stuck Sellers"

At the beginning of 2023, it was estimated that 75% of people who could afford a house three years ago could not buy a house in today's market. Home prices are lower, but mortgage rates are rising critically.Rising interest and mortgage rates have caused some sellers to postp... More +
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