Are you ready to handle significant operational expenses to ensure your investment in real estate remains viable over the long haul? A critical component to stay in the game are capital reserves for investment properties – below we offer insights on proactively funding them. What Are Capital Reserves? Let’s start with the basics: Capital reserves […]

In the realm of property management, tending to tenant grievances transcends mere daily duties. Cultivating a favorable rapport with residents and upholding their contentment stands paramount. Grievances vary from minor inconveniences such as a dripping faucet to intricate challenges like continual noise disruptions. The manner in which these grievances and maintenance requisites are managed holds […]

One of the most daunting challenges for residential real estate investors is finding the perfect fit for a job, whether it’s repairing a deck or undertaking a bathroom remodel. While Luna PMG maintains a roster of reliable vendors, it’s a dynamic list, and we continuously seek out top-notch professionals to stay competitive. Even as a […]

There is nothing wrong with self managing a property – people do it all the time to save money and we understand that for many it makes sense. However, opting to manage your rental property independently rather than engaging a seasoned property management firm may appear financially favorable initially, yet it often proves to be […]

Cold snaps can wreak havoc on a home, but a few simple steps can highly reduce any damages. Tenants play a crucial role in preparing the property for Winter, ensuring smooth operation and minimizing potential emergencies. While maintenance tasks may not be the most thrilling, proactive planning can prevent mid-winter crises. None of us want […]

Understanding how investor insurance safeguards your residential rental property is crucial. Investor insurance differs significantly from standard homeowner’s policies, making it imperative for property owners to grasp the necessary coverage to avoid potential financial losses. Below is a recommended checklist outlining essential coverage options every investment policy should include. Many of these enhancements are unavailable […]

The interior allure of your residential rental property holds as much significance as its exterior curb appeal. A captivating (and hotel clean!) interior can significantly enhance its desirability to potential tenants. Let’s explore some top and easy interior upgrades that can attract high-quality renters. Investing in these interior upgrades not only enhances the aesthetic appeal […]

The ugly side of investing in residential real estate is evictions, but an eviction isn’t as commonplace or daunting as it might seem. This is particularly true if you’re placing the right tenants (significantly reduces chance of eviction) and if you follow the well established laws and regulations put in place. The below is general […]

Allowing pets is an easy opportunity to boost residential real estate investor’s ROI, but it needs to be done correctly. In fac, a nationwide study by FIREPAW, which specializes in animal welfare services, revealed that the primary reason pet owners surrender their pets is due to housing constraints. Despite pet owners’ willingness to pay higher […]

It seems simple from the outset: higher rents mean higher returns, right? Wrong – in our experience asking higher than market rents increases rental lead times which directly lowers returns. In fact, every 4 days a property remains vacant there is s a 1% loss in annual rental income. While expenses can be written off, […]