Property damage is unavoidable. If you haven’t had to deal with destruction yet, you will at some point in your career. Some…
While some landlords genuinely enjoy their responsibilities, the rest of us are in the game for one reason: we want to strike a profit. Property ownership is an investment opportunity, first and foremost, so maximizing profitability should be your top concern.
As the owner of a property, you’ll be fully in charge of its renovations—which means you’ll be the one to spend the time and money making the renovations, and the one earning the benefits from them. If you want to maximize the profitability of your property (and limit your risks in the process), you’ll need… [Read More]
Nobody rents out a property thinking they’ll need to evict a tenant later on, but sometimes eviction becomes necessary. A tenant who starts off stable could lose their job unexpectedly and be left without a reserve to pay their rent. Sometimes tenants are on their best behavior until they get into the unit and then… [Read More]
If you’re thinking about getting your feet wet in property investing, but don’t know where to begin, or if you want to split the responsibilities with someone else, you might consider the options of co-owning (and by extension, co-managing) a property. While there are some advantages to this arrangement, you’ll need to think carefully about… [Read More]
If you’re just getting started in real estate investing, or have a couple of rental properties already but don’t feel like you’re prepared for all of the challenges you encounter on a daily basis, you could probably benefit from a mentor. It’s something you should at least be open to.
Are you looking for a way to increase income on your rental properties? Are you in a nice location that’s surrounded by lots of business activity and other attractions? If you’re willing to go against the grain and do something different, you could be a good corporate housing landlord. Not sure what that entails? Stick… [Read More]
Relocating to a new city, whether for work or personal reasons, is often an anxious time. Not only do you have to uproot your family and leave behind friends, jobs, and a community that you’re familiar with, but there’s also the challenge of finding a house. How can you possibly select a place to live… [Read More]
Home design trends change from year to year and decade to decade. Back in the 60s, 70s, and early 80s, homes were much smaller than they are today. Part of this was cultural. This was before the rise of McMansions, back when kids still shared bedrooms and everyone in the family didn’t need their own… [Read More]
You should never invest in a piece of property without first doing your due diligence. But over the years, the concept of due diligence and what sort or research is necessary to make an educated financial decision has evolved. Contrary to popular belief, it’s no longer mandatory to actually see a property in person. It’s… [Read More]