Property damage is unavoidable. If you haven’t had to deal with destruction yet, you will at some point in your career. Some…
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.
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… [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… [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… [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.
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… [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… [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… [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.