Most outsiders don’t understand just how much stress comes with being a landlord. They assume it’s a flexible job where you ride around town, check in on properties, fix a doorknob or two, and chat with tenants. But what they don’t realize is that it’s actually a struggle to keep the entire operation afloat. Chief among these challenges is consistently collecting rent payments on time…. [Read More]
It’s often said that home ownership is the essence of the American Dream. But if there’s one thing that goes beyond mere ownership — that cuts to the heart of what it means to be an American — it’s being able to purchase your own undeveloped plot of land and build a custom home on the property…. [Read More]
It’s doubtful that anyone becomes a real estate investor or rental property manager just for fun. You don’t take on considerable financial risk and spend a lot of time and effort to secure real estate, draw up contracts, and prepare a house to rent just because you don’t have something better to do…. [Read More]
Whether you’re getting ready to purchase your first home, are moving up in house, or are simply fed up with paying for expensive home repairs, you’ve probably heard about home warranty plans and wondered if they’re right for you.
While there’s no clear-cut answer, this article will attempt to address some of the major pros and cons so that you can make the decision that makes the most sense…. [Read More]
You’re probably well aware that the compounding nature of traditional retirement accounts, such as 401(k)s and IRAs, can make anyone wealthy over time. Even maxing out a Roth IRA each year (and nothing more), can make you pretty comfortable in retirement…. [Read More]
As the saying goes, “The only constant is change.” This maxim definitely holds true in the arena of real estate and home design.
Interior design and architectural trends come and go fairly swiftly, which can leave your home looking outdated in a depressingly short time. Fortunately, modernizing a dated-looking structure doesn’t have to be expensive or time consuming…. [Read More]
A lot of different factors go into the purchase of a home. They include location, style, square footage, school zoning, and neighborhoods.
But the most important facet of the home search — and of home ownership in general — is the financial aspect. When you’re buying a house, you need to be ready to meet both present and future costs…. [Read More]
Becoming a landlord is exciting; you’ll have an opportunity to make significant income, month after month, with a minimal investment of time and effort. But remember, landlords have legal responsibilities to their tenants, and if you fail in any of those responsibilities, you could be held liable for the resulting costs or damages…. [Read More]
Pet-friendly housing communities are one of the most sought-after amenities. Not every landlord wants a pet on their property, so when a tenant finds a place that welcomes their furry family member, it’s a relief.
It’s understandable that some landlords don’t want to risk the potential damage that can result from an untrained or unruly pet. Not every animal will damage a home, but sometimes owners don’t train their pets out of destructive habits like chewing the baseboards. However, there are responsible pet owners out there and being willing to allow pets gives you a better chance at renting your unit…. [Read More]
As a property owner and landlord, you want to do the best you can to provide a great experience for your tenants and yourself. This includes finding reliable tenants and knowing you’re in compliance with the law, so you don’t have any problems. However, with so many housing laws, it’s easy to miss a few important details…. [Read More]