SMART goals are pretty much the standard when it comes to documenting what you want to achieve in your business and/or personal life. The acronym stands for Specific, Measurable, Attainable, Relevant, and Timely. If you’re looking for a way to set achievable and actionable goals for your St. Louis rental properties, this is a good place to start.
In the quest to avoid long vacancy periods with your St. Louis rental property, you may be in a hurry to market your property, place a tenant, and begin collecting rent.
Changing property management companies can feel like a huge hassle. However, if you’re not getting the service and the value you expect, you should considering looking elsewhere for St. Louis property management.
Establishing and developing a respectful, trustworthy landlord-tenant relationship is essential when you’re renting out a St. Louis property. That relationship depends on clear, responsive, and proactive communication.
For some St. Louis rental property owners, the turnover process between tenants can take as little as 24 hours. For others, there are weeks and even months of repairs and renovations necessary in order to return the property to rent-ready condition.
Most St. Louis real estate investors know that vacancy can cost a lot of money. When your property isn’t occupied, you’re not earning any rent. You’re also paying for maintenance, upgrades, cleaning, landscaping, and extra security.