As a real estate investor and landlord, your job is all about mitigating risk and maximizing return. The more you’re able to…
There are thousands of landlords in any moderately sized city. Of these landlords, only a few dozen are highly profitable. Most landlords break even, while a healthy percentage lose money or make a few dollars here and there. But have you ever paused to consider what sets the highly profitable apart from the average? In… [Read More]
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.
Most people adore living with pets, and a flexible pet policy is a great way to attract families to your rental property. But pets can pose particular challenges, of course: they shed fur, leave stains, and can cause other kinds of property damage if their owners aren’t responsible.
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.
The Fair Housing Act of 1968 was created to prevent landlords from discriminating against tenants based on gender, race, color, religion, disability, familial status, or national origin. If you’re a good landlord, you’re probably not intentionally violating the act.
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.
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.
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.