Green Residential
Owning a rental property is often billed as an easy, passive source of income for people who want a flexible way to accumulate wealth over time. But this is a bit misleading.
By itself, rental property investing and operating as a landlord is a time-consuming and energy-depleting activity. There are ways to make it less demanding, however, if you’re willing to go the extra mile and practice certain habits and procedures.
For those who have never done so, selling a house might look fairly simple. However, as you know, there’s a lot more to the process than just planting a sign in the yard and posting an online listing.
It can sometimes take weeks or even months of preparation before you’re ready to put a residence on the market. In most cases, that last week before listing is the most draining.
You’ve heard the term “burning bridges;” it’s a phrase that’s used in the business world, as well as social life, to refer to ruining a relationship when you’re on the way out the door.
It’s what happens when a fed-up employee quits a job and flips off the boss as he (or she) leaves. Another example is yelling hateful words at a significant other during or after a break-up.
Over the last couple of years, the Houston real estate market — like many others around the country — has been red hot. Homeowners have listed their property and received full-price offers within hours. In some cases, bidding wars have even awarded sellers more than their asking price.
If you’ve been around real estate investors, agents, brokers, or contractors, you may have heard some of them toss around the term “good bones.” Do you know what it means to say a house has good bones?
When you invest in real estate with the goal of managing income-producing rental properties, there are four rules you must live by. First, you have to subscribe to the principle that you make your money when you buy. In other words, you should only invest in a property when the price makes sense.
As most of us agree, real estate has gotten too darn expensive. In markets from San Francisco to Manhattan and everywhere in between (including here in Houston), housing costs are mostly still climbing.
When it comes to moving, a lack of space is one of the most common reasons families take the plunge. As families grow, so does the need for more space. One of the primary concerns is often the number of bedrooms.
The life of a landlord is unique. No two days look the same, and the only thing you can expect is the unexpected. The more properties you add to your portfolio, the more challenges you’re apt to face.
Building wealth entails diversifying your assets and generating as many different revenue streams as can. Owning rental properties is a great example of having established diversified revenue streams for your portfolio.