When a landlord offers a property for lease and an individual submits an application to rent the property, the application is either…
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… [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… [Read More]
No matter how carefully you screen your tenants, there’s always the chance that one of them will end up damaging your property. This is a serious problem since property damage can range from something simple (like a hole in the wall) to something devastating, which could compromise the entire profitability of your investment. Fortunately, there… [Read More]
One of the biggest decisions you’ll make with your rental property is what to charge your tenants for rent. You’ll need to charge an amount that enables you to make a profit, but at the same time, if you set your rent prices too high, you may end up with unduly long vacancies, pricing yourself… [Read More]
There’s a reason why two-thirds of homebuyers and sellers use a certified real estate agent to facilitate the process. The housing market can be complex and confusing, to say the least! An agent understands market values, negotiations, home appraisals, real estate legalities, and much more. They take a lot of the grunt work out of… [Read More]
Real estate investing is one of the most stable and profitable investment pursuits you can do. You have solid equity that can be used to maximize your earnings, and the housing market is typically more stable than the stock market.
Being a landlord isn’t easy. Your property rests in the hands of a tenant you might not really know, and it may or may not be in good condition when you get it back.
Having a rental property can be a great way to generate income, especially if you still have a mortgage on the property. Your tenants essentially pay your mortgage and anything beyond that is pure profit.
There are many great things about being a landlord, but it can be trying if the lease isn’t strong. Lease problems put landlords in hot water and allow the tenants to get away with behavior that would otherwise be unacceptable. The lease is meant to protect you, but if it’s not well-written, you could find… [Read More]