Is Buying a Home Warranty Worth It for Delco Rental Properties?

By |2026-07-08T12:45:54+00:00June 12, 2023|

If you're an owner or investor with a rental property, you may be thinking of all the ways you can protect that property and reduce your costs of ownership. Among the options many property owners consider is buying a home warranty. The thinking behind this is that a warranty means they don't have to repair something if it breaks down, and they can have lower expenses and more peace of mind. Is buying a home warranty worth it? In some cases, it might be, but it's not necessarily the best choice in many circumstances. In fact, there are plenty of times when a warranty doesn't cover particular items or might not pay out much for repairs.  Here's what to consider if you're thinking about buying a home warranty for your rental property so that you can make an informed and financially conscious decision.

Rent Collection: What Happens if a Tenant Doesn’t Pay Rent?

By |2026-07-08T12:45:54+00:00May 22, 2023|

One of the agreements tenants make when they move into a property is to pay their rent on time. If they don't do that, the property owner will need to take action. Therefore, understanding what to do about late rent, how to enforce payment, and what's legal are very important parts of having rental properties. Here's what you need to know about late rent, along with six things you can do to make sure you find good tenants and enforce timely rent payments for tenants across all your properties through legal rent collection practices.

How Long Can a Rental Property Be Vacant? What to Know and Do

By |2026-07-22T07:39:59+00:00May 8, 2023|

If you're a property owner with vacant properties, you probably already know that empty homes and apartments can mean problems. Not only do vacancies cost you money in lost rent, but they're also at higher risk for vandalism and other types of property damage. How long can a rental property be vacant before it affects your insurance rates, bottom line, and maintenance requirements? Of course, that depends on the property and other factors, but it's important to reduce any costs or risks associated with letting a property sit empty.  Some vacancy time and loss of income between tenants are normal. After all, you may not often have one tenant moving out on Friday and a new one moving in on Saturday. Still, your goal is to reduce the time that any property sits empty. Here's how to do that, so you can keep your properties rented efficiently.

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