Socrates Nation Landlord Edition: Maximize profit, find and keep the best tenants

	Residential Property Management PRO- Landlord Enterprise Edition
	Manage and control your rental properties and tenants. Streamline your administrative work.

Essential Real Estate Purchase Forms

Sell or buy real estate confidently on your own with these five forms.

Incorporation Kit

Protect your personal assets from your business' liabilities by incorporating.

Lease with Purchase Option

Create a complete, legal document to attract tenants interested in purchasing your property.

Security Deposit Receipt

Protect yourself and property. Ensure tenants understand terms and conditions.


	December 28, 2005



	FIND AND KEEP THE BEST TENANTS WHILE MAXIMIZING PROFIT
	Two ongoing difficulties for landlords are keeping good tenants and charging the appropriate rental fees for the local neighborhood. If you charge rents that are too high, you may not find suitable tenants. But, if you charge rents that are too low, you may find tenants but will not maximize the profit potential of your investment. In a similar vein, keeping quality tenants can be a continual struggle, depending on your location. In this issue, your advisors at Socrates offer advice about rental fees in Checking the Rent in Your Neighborhood: Are You Charging the Right Amount? In addition, we offer options for holiday cheer with your tenants in End the Year Right: Celebrate the Holidays with Tenants. Successful landlords charge the perfect rent and also manage to hold on to their best tenants. Find out how you can accomplish this in the latest issue of the Socrates Landlording eNewsletter.

	End the Year Right: Celebrate the Holidays with Tenants Many landlords consider tenants to be a hassle and do not think to celebrate with them or give them gifts. If you have this attitude, it is to your advantage to rethink your position. Yes, bad tenants can be troublesome. However, good tenants are worth their weight in platinum and gold. With that in mind, read on to learn how you can celebrate the holiday season with your good tenants. Think of it this way: tenants represent your income stream. To keep that cash flow in the plus column, you need to reward the good tenants who pay their rent on time and divest yourself of the tenants who do not pay on time or cause problems. The following four suggestions will help you with at least half that equation. Read article

	Checking the Rent in Your Neighborhood: Are You Charging the Right Amount? A big, new apartment building has been built next door to Caleb Runenfeldt's four-flat apartment building. The new apartments are renting for 30 to 50 percent more a month than what he charges. "I thought that maybe I needed to raise my rents just to keep up with the average in the neighborhood," Caleb says. "But I have not had a vacancy in years even when many apartments in the vicinity were advertising for tenants. I also do not want to price myself out of the market." What Caleb decides to do first is find out what the local rents are in his neighborhood. Learn to use the right sources to determine whether you are charging too little or too much for your residential or commercial property. Read article

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