Fall is coming upon us as the leaves are beginning to color and the temperatures are starting to drop. With that in mind, winter will be here before you know it. This is a good time for your property to make the necessary preparations for the upcoming winter season. The fall and winter seasons are generally viewed as a slower time of the year for many in the industry, so this can also be a great time to get caught up on some projects that you were too distracted to focus on during the busy season. This blog will explain some of the ways you can prepare for winter including checking in on your HVAC system, cleaning the chimney and gutters, working on the lawn, and taking inventory of hospitality supplies like linens and amenities.

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It’s no secret that rental properties can be a great investment, but they can come with added risks and expenses. It is more and more common to hear that people are adding rental properties to their portfolios to generate extra income while also having another career. Other people may also choose to make this industry a full-time career. As with many big decisions in life, most people looking to break into the rental property industry will have to weigh the pros and cons. One of the biggest deciding factors for rental properties will be the anticipated expenses, especially in the beginning when you are looking to start getting reservations from your first guests. Some of these expenses can include maintenance costs, utilities, property management, and hospitality product upkeep.

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