Life with roommates isn’t easy, but sometimes it’s necessary to rent out your spare room(s) to pay the bills. Whether or not you have previous experience as a landlord, these 6 tips will make it easier to live with a tenant:
Archives for January 2019
Raising kids is by far the toughest and most exciting challenge you’ll undertake in your lifetime. There are moments where it’s all joy and satisfaction, as well as periods of time where you seem to be fighting a no-win battle.
One of the toughest challenges parents face is getting children to carry their weight around the home. Yet even though responsibility is key in creating humble, productive individuals who grow up to contribute to society in a meaningful way, many parents let their children slide by for too many years. By the time these children reach an age where they can carry some weight, they’ve grown so accustomed to being “leaches” that they refuse to do what they’re told.
When you think of the greatest rivalries of your time, what comes to mind? There’s Tom vs. Jerry, Yankees vs. Red Sox, Batman vs. Joker, Peps vs. Coke…and the list could go on. But for some, they would also include the rivalry of tenant vs. landlord.
Renting out a house to a random tenant comes with potential risks and rewards. In a perfect world, the tenant respects your property, delivers a rent check on time, and everyone is happy. But we don’t live in a perfect world and these sorts of renters are few and far between. To prevent yourself from being taken advantage of, it’s important that you take a firm stance against unwanted behaviors and actions.
While we often use oversimplified terms to describe real estate investments, every situation is unique. When it comes to rental properties and identifying the best rental strategy, some investors find short-term investments to be most profitable, while others prefer long-term rentals. Understanding how each could fit into your overarching strategy will allow you to make smarter, more informed decisions.
For most homeowners, their house is the place where they spend the most time throughout any given week. Thus, it makes sense that you’d want your home to be as healthy as possible. But if you don’t have a plan in place, then your home probably isn’t as healthy as it could be.
When it comes to prestige, comfort, status, and enjoyment, nothing tops living in a golf course community. But it’s not all perfect. For every benefit, it could be argued that there’s a mitigating factor. And if you’re contemplating making the move to a golf course, you’d be wise to weigh the pros and cons before getting too far into your search.
When you first got involved in real estate investing, you probably did so a bit naively – most of us do. We say we know what we’re getting into, but we aren’t aware of what it takes on a day-in and day-out basis until we’re thrown into the fire for the first time.
In most cases, people buy a house either as an individual or jointly as a married couple. However, as more and more couples are living together for extended periods of time before tying the knot, there’s been an increase in the number of unmarried couples buying houses together. If you’re considering this as the next step in your relationship, it’s important that you do your research and proceed with a plan.