Blog | Action Properties

The Risks of Having a Vacant Rental Property

Renting out your house can be a great financial decision, as rental properties are a great way to earn a stable passive income with little work. However, landlords should beware of long vacancy periods. Whether it’s because your tenants had to break the lease early, you rent month to month, or you haven’t found new tenants after the previous long-term ones left, you’ll experience vacancies in your rental from time to time. If you’re unable to fill your vacancies quickly, you could potentially lose a lot of money. Vacancies don’t only mean a lo…

How to Film a Great Video Tour of Your Rental

When potential tenants look for a new rental property, they’re likely to turn to online rental and listing sites. As such, when renting out an investment property, it’s crucial for landlords to come up with creative ways to present their rental home online. One way to do so is to film a video tour of the rental property. If you're unsure how to begin the process, don’t worry! In this article, we’ll give you the best tips and important details to create your own virtual tours. Rental Video Tours Are a Game-Changer for Property Marketing There …

Why Pet Screening Is Always a Good Idea

Since a majority of U.S. residents are pet owners, demand for pet-friendly rentals is at an all-time high. As a result, allowing pets into your rental property can help you attract a wider pool of prospective tenants and, in turn, maximize your chances of finding the best one. That said, allowing pets into a rental property does come with some risks, which can seem intimidating. That’s where pet screening comes in! Just like tenant screening helps reduce the chances of renting to problematic tenants, pet screening can help you minimize the cha…

Becoming a DIY Landlord? 8 Mistakes to Avoid

No matter what industry you look at, you’re bound to find independent entrepreneurs. Rental property management is no different! While some DIY landlords are great at taking care of their rental units and tenants, some also find it very challenging. You may not initially plan to become a landlord, but you may have a vacant property that you converted into a rental as another income source. Read this article to avoid some of the mistakes that DIY landlords often make. 8 Common Mistakes of Self-Managing Landlords and How to Avoid Them 1. Failing…

5 Best Renovations for Your Rental Property

Landlords try to limit property vacancies to ensure they get consistent rental income each month. They often keep their rental units in outstanding condition to retain long-term tenants. One of the most effective strategies to attract more renters and make the property appealing is planning rental renovations. Adding new amenities or replacing old property features leads to more comfort, encouraging the residents to renew their lease. However, property owners don’t want to get carried away by overinvesting in property improvements. Prioritize t…