If you’re thinking about buying a new home, you’re probably at least vaguely aware that your timing is everything. Home prices fluctuate constantly, in response to many variables — the economy, the housing market specifically, and various neighborhood conditions — so submitting a bid on a home at the right time could make your investment multiple times more valuable (especially if you can wait over the long term)…. [Read More]
Archives for January 2017
When it comes to buying or selling a home, one of the more significant decisions you have to make involves the selection of your real estate agent. But unfortunately, this is often a rushed decision. Many buyers and sellers make their decisions based on convenience or mutual connections, instead of experience and service. As a result, it’s fairly common to see frustrated individuals who feel like they’re “stuck” with an agent who isn’t right for them. But what are you supposed to do?… [Read More]
In this day and age, landlords spend a lot more time online in order to bring attention to their rental properties, fill vacancies, screen tenants, and keep up with maintenance requests. It all starts with a great website, which is used to keep tenants informed and makes it easy for prospective tenants to find you…. [Read More]
What Are the Best Home Markets to Invest In?
Investing in property is one of the smartest financial decisions you can make. While the stock market can yield you a high potential return, it also experiences tremendous volatility. And while bonds are safer, they also aren’t tangible assets, and carry much lower returns. A smart real estate investment will predictably hold its value indefinitely, and probably appreciate over time—but that doesn’t guarantee success…. [Read More]
It’s unrealistic to believe that renters can live in a property for an extended period of time and leave it in pristine condition. Even the best, most respectful tenants will exert normal wear and tear on your property.
It’s also normal for accidents that result in damage to the property to occur. Tenants may also neglect the unit and cause bigger problems. That’s why landlords require a security deposit and insurance. The funds from these two are intended to cover potential damage…. [Read More]
When you purchase a rental property, the hope is that you’ll hold onto it for years, enjoy positive cash flow every month, and eventually sell it after the property has appreciated a considerable amount and you’re finally ready to move some funds and investments around to enjoy retirement.
But, as you’re well aware, it doesn’t always work out this way. Sometimes it’s necessary to unload a rental property prematurely. How do you know when this time arrives? Here are a handful of signs:… [Read More]
A Simple Guide to What Landlords Are Actually Responsible For
The perks of being a landlord make the job seem pretty appealing; all you have to do is find a good property, find a good tenant, then collect monthly checks indefinitely that more than pay for your own expenses. But remember, it’s still a job and there are still things you’re responsible for as the owner of the property. Unfortunately, landlord responsibilities can get muddled by complicated legal language and misinterpretations, as well as ambiguities about what landlords and tenants are separately responsible for…. [Read More]
You have many factors to consider when you seek to profit from a rental property. You need to purchase in a neighborhood that will appreciate in value, you have to treat your property well, and you must set a competitive, yet profitable rental rate for your tenants.
When you’re looking to make financial ends meet, renting a spare bedroom in your home or apartment can be a wonderful opportunity. It can help offset expenses, pay the mortgage, and justify your investment.
With that being said, you should approach the opportunity to rent out a spare bedroom with caution. Any time you’re bringing someone else into your home, you need to be aware of the potential risks and consequences…. [Read More]