Want More Rental Income? Sweat the Small Stuff With Terry Kerr & Matthew Vanhorn (Ep 584)

The difference between making money and losing money with rental properties often comes down to sweating the small stuff.

On this episode, Terry Kerr and Matthew Vanhorn explain why there is no single secret to making a rental property perform well. Instead, success comes from doing dozens of small things consistently, such as pricing rent slightly below market, responding quickly to repair requests, answering tenant calls, and making the property a place tenants want to stay.

Terry and Matthew share how they reduce the time it takes to get a property marketed and rented, the steps they take to keep good tenants longer, and why Terry says the name of the game is getting lease renewals. They also offer tips for avoiding nonstop repairs, selecting the right fixtures that save money over time, and handling tenants who fall behind on rent. Matthew explains how they work with tenants to help them get caught up without unnecessarily delaying the eviction process.

We also talk about shopping for insurance, comparing apples-to-apples quotes, choosing the right deductible, and why investors should consider more than just the lowest premium when selecting coverage.

https://midsouthhomebuyers.com

Thanks To Our Sponsors:

PadSplit - Earn 2.5X more rental income with PadSplit's shared housing model.

Ridge Lending Group - Ask about the All-In-One loan. A first-position HELOC on rentals.

Rentec Direct - Automate the day-to-day work and make property management easy. Use promo code RIP to get 10% off your first 6 months.