As a landlord or homeowner, you’ll eventually be responsible for making repairs to your property. Even new houses, built within the past decade, aren’t immune to things breaking, wearing, or losing their initial appeal.
Whenever you have multiple families and individuals living in the same community and sharing facilities like pools, saunas, clubhouses, barbecues, and laundry rooms, you’re going to see lifestyle differences that are sure to clash and cause frustration for tenants and possibly even you.
When you’re house hunting, any good Realtor will tell you it’s a mistake to buy the best house in a neighborhood. In fact, most will advise you to buy the worst house in the best neighborhood you possibly can … assuming you’re willing to put in some elbow grease and pay for a few renovations…. [Read More]
When you’re low on cash or new to the real estate industry, investing with a partner can be a savvy solution. The two of you will pool time and monetary to create a stronger business…. [Read More]
Now that the economy has recovered and the housing market has returned to levels that it achieved in the months leading up to the last recession, we’re seeing a lot of people investing more money into their home…. [Read More]
You might have started your real estate business on your own, but if you’re planning on growth and continued success, a solitary entity probably won’t cut it. In order to build a successful realty business, you need a few essential people on your team…. [Read More]
Most landlords begin property investing with the mindset that they’re going to take care of everything themselves. The idea is that investing in a rental is a hands-off way to make money, and in some cases, that turns out to be true. If you’re renting a single- or double-family unit that doesn’t require much upkeep and you have good, long-term tenants, it’s possible that you could simply collect rent checks that turn you a profit and not have to worry about your property on the regular…. [Read More]
Finding reliable tenants is half the battle in property ownership. A reliable tenant will be able to pay you rent on time, will likely stay with you for a long time, and has a low likelihood of causing damage to your property or disrupting your other tenants. A good tenant, therefore, makes your rental property more profitable—all while causing less stress for you over the long term…. [Read More]