The Nomad Blog

Definition of Normal Wear and Tear: What Does It Actually Mean?

Mar 17, 2021 9:30:00 AM / by The Nomad Team posted in DIY Landlord

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"Normal wear and tear"—it's something you've probably seen in a rental lease somewhere. You may have even thrown the term around yourself once or twice.

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Your Rental Property Is a Business—Treat It Like One

Mar 9, 2021 7:17:41 AM / by The Nomad Team posted in DIY Landlord

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HGTV makes landlording look like an everyday vacation. It's always smiles, high-fives, overcoming challenges, and coming out on top. However, real-life home and rental property ownership are a bit different.

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11 Common Mistakes We See Landlords Make All the Time

Mar 8, 2021 10:15:00 AM / by The Nomad Team posted in DIY Landlord

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Intentionally (or accidentally) becoming a landlord doesn't automatically make you an overnight master of the trade. There's a lot to learn, and you're bound to make mistakes along the way.

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22 Budget-Friendly Ways to Renovate Your Rental Property in 2021

Feb 23, 2021 8:45:00 AM / by The Nomad Team posted in DIY Landlord

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DIY home renovation projects are all the rage. Thanks to good ol' Chip and Joanna Gaines, anyone and everyone who has a property, drill, runaway imagination, and HGTV on demand is renovating in fresh, inspiring ways.

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Rental Vacancy Rates: Hidden Risks and What You Can Do About Them

Jan 12, 2021 6:35:03 AM / by The Nomad Team posted in DIY Landlord

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Like with any investment, real estate has inherent risks—and rental vacancies are one of the biggest and baddest.

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How to Find the Best-of-the-Best Tenants for Your Rental Property

Jan 11, 2021 6:00:00 AM / by The Nomad Team posted in DIY Landlord

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As a landlord, you face a tricky balance: you want to protect your property, but you also want to avoid lengthy vacancies.

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First Time Renting Your Property? Here's What to Know and Do

Jan 4, 2021 6:38:17 AM / by The Nomad Team posted in DIY Landlord

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Considering renting out your home for the first time can be both thrilling and nerve-racking. Is it worth it in the long run? Should you sell instead? How much work is it going to take?

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The 11 Not-So-Noticeable Property Costs Eating Your Profits

Dec 3, 2020 7:46:49 AM / by The Nomad Team posted in DIY Landlord

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Owning a rental property is a great way to earn extra cash each month and even make a living:

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2021 Guide to Rental Rates: How Much Can I Rent My House for?

Dec 3, 2020 7:33:20 AM / by The Nomad Team posted in Rental Property, DIY Landlord

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Prices matter, especially when it comes to real estate. Just think about how much time you spend at the grocery store debating between name brand and off-brand products—and that's just to save you a couple of cents.

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The 4 Most Expensive Costs of Owning a Rental Property

Nov 30, 2020 1:43:53 PM / by The Nomad Team posted in Rental Property, DIY Landlord

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Owning a rental property isn't cheap, but you probably knew that already. Mortgage payments, taxes, insurance—it takes a lot of cash.

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