Blog

Discover how the DOJ's new real estate commission ruling affects landlords and property transactions. First & Main Property Management explains the changes and what they mean for your investments.

Learn essential tenant privacy practices with First & Main Property Management. Ensure legal compliance, protect sensitive data, and maintain positive tenant relationships with these expert tips.

Learn how to protect your rental property from scams with expert tips from First & Main Property Management. Discover effective strategies for tenant screening, secure rent collection, and fraud prevention to safeguard your investment.

Discover effective strategies for successful out-of-state rental property investments with First & Main Property Management. Learn how to diversify your portfolio, access affordable markets, and maximize returns with expert guidance.

Discover essential tips for selecting reliable tenants and ensuring a smooth rental experience. From screening to communication, learn how to find tenants who’ll treat your property with care.

Ensure your rental agreement protects your property and rights. Learn the key clauses every landlord should include to prevent disputes and maintain smooth tenant relationships.

Are you a landlord looking to sell your property quickly and efficiently? Whether you're planning to upgrade your portfolio or simply looking to move on from your current investment, achieving a swift sale is crucial. This guide from First & Main Property Management will walk you through six pivotal tips designed to attract buyers, secure offers, and close deals more rapidly than you might expect. From smart pricing strategies to insightful staging techniques, these tips are tailored specifically for landlords to streamline the selling process. Keep reading to learn more! Key Strategies for Selling Your Home Fast Let's explore effective strategies that will help you sell your home quickly, from marketing techniques to setting the right price. These key tips are tailored to ensure your property stands out in the market. Market Your Home Effectively Effective marketing is pivotal in reducing the time your property remains on the market. High-quality photography and virtual tours help showcase your property at its best, highlighting key selling points such as modern amenities, spacious layouts, or scenic views. An engaging, well-crafted property description can captivate potential buyers, emphasizing features that meet current market trends and buyer preferences. Utilizing a diverse range of platforms, from major online real estate portals to social media and local community boards, ensures broad exposure. Regular open houses also provide a real feel of the property, enabling buyers to connect emotionally and visualize their life in the new home. Set the Right Price  The initial listing price of your home significantly influences buyer interest.

Are you a landlord looking to maximize your investment potential by expanding your rental portfolio? This guide from First & Main Property Management will help you navigate the path to success.

Are you a landlord looking to increase your income without raising rent? At First & Main Property Management, we understand that simply raising rental rates isn't always the best solution. In fact, raising rent can often lead to tenant dissatisfaction, increased turnover, and vacancies—interrupting your cash flow. When rent goes up, tenants are faced with higher living costs, which may push them to seek more affordable options elsewhere. Rather than relying on rent increases, there are smarter, more sustainable ways to boost your income. By exploring alternative revenue streams, you can grow your profits while keeping tenants happy and minimizing vacancies. Here are some effective strategies to increase your income without adjusting the rent. Charge a Late Rent Penalty Your lease agreement clearly outlines the due date for rent, and it’s important to enforce this to ensure timely payments. On-time rent payments are essential for meeting your financial obligations, such as covering taxes, mortgage, maintenance costs, and even funding future renovations. Charging a late rent fee is a fair way to encourage timely payments and maintain consistency. It also helps ensure that tenants who pay on time aren’t unfairly burdened by those who delay their payments. A late fee can act as a deterrent to late payments while generating some additional income to offset the inconvenience. Before implementing a late fee, be sure to review your state’s laws to determine if grace periods are required and whether there are any caps on the amount you can charge. A common practice is to charge a fee of 5% or less of the rent amount, but always double-check local regulations to ensure your fee is compliant with both state and local laws.