Whether you have children who will be attending college or you’re simply a savvy investor on the lookout for diverse real estate investments, buying and renting college real estate can prove quite lucrative. However, it takes very careful research, a detailed plan for ongoing maintenance, and a strong stomach.
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Archives for June 2015
The idea of owning a vacation home is a luxury that few people are able to consider. However, if you find yourself fortunate enough to do so, you need to look at both the pros and cons and how they fit into your lifestyle. From a practical and financial standpoint, does investing in a vacation home make sense for your family?… [Read More]
The last thing you want is an article that overwhelms you with your duties and obligations. This is not one of those.
You know you have to stay on top of your rental properties on a regular basis. If you’re only inspecting them and reviewing financials every few years, you’re honestly missing out on potential profits.
Certain tasks should be done on an annual basis. If you fail to do these, your property can get into both physical and financial danger. To avoid these possible calamities, attend to the following eight tasks each year…. [Read More]
The idea of denying or rejecting a tenant application is frightening to the average landlord. Most approach the issue with fear and trepidation and believe any slight misstep could land them in hot water. And, while this is true to some extent (you don’t want to illegally reject a tenant), there are plenty of ways to go about rejecting a tenant in accordance with the law. You simply need a firm grasp on the issue…. [Read More]
Everyone understands the importance of “location, location, location,” but not many grasp the specific factors that make one location better than another. If you’re a landlord or property investor, not being able to distinguish between the relative virtues of different properties can be financially risky…. [Read More]
When you’re a landlord, there are two categories of mistakes you risk making.
The first are small and not very costly. These consist largely of learning experiences that don’t have any significant impact on your cash flow or stability.
The second category can be deadly, though. These are the mistakes that will land you in financial or legal hot water. If you’re making these errors, you need help … and you need it quickly!… [Read More]
Do you have a large home with substantial unused square footage? Would you be interested in learning how to increase your cash flow each month and help pay the mortgage? If the answer to each of these questions is “yes,” you may want to consider renting out a spare bedroom in your home. However, it’s not a decision to be made lightly. There are numerous considerations to keep in mind in order to maximize both profitability and personal safety…. [Read More]
Becoming a landlord is something many people (at least casually) think about once or twice in their lives. On the one hand, it can seem like easy, passive income, while on the other, it has the potential to be nightmarish and risky. Well, in certain situations, either end of the spectrum can be true. If you’re seriously considering becoming a Houston landlord, you need to know what you’re getting into from the start. This means coming to terms with the good, the bad, and the ugly…. [Read More]
While much of the focus is on tenant screening when it comes to the landlord-tenant relationship, it’s important to remember that you’re ultimately responsible for attracting the tenants in the first place. That means setting yourself up for success by keeping in mind what aspects, amenities, and features prospective renters are looking for…. [Read More]