What to Do If You’re Losing Money on a Rental Property
In a hypothetical model, a property owner should be able to generate positive cash flow with a rental property in an attractive…
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Price is perception. As a real estate investor and property owner, pricing is all about perception. If the property is perceived as being desirable, you can charge more than if the property is not seen as desirable. Sounds pretty obvious, right? But it’s not always something that landlords take into account. If you want to… [Read More]
Do you know one of the best ways to frustrate good tenants to the point where they move out? You can achieve this objective by providing poor customer service. The best tenants won’t put up with a landlord they don’t respect. They’ll instead head right for the exits at the end of their leases in… [Read More]
Owning rental property comes with some big challenges, and dealing with troublesome tenants is one of the most important things to get under control. Some tenants are perpetually late with the rent and refuse to pay late fees. However, the worst is when a tenant damages your property. It would be great if they followed… [Read More]
Finding the right tenant for your property can be a stressful process. You are making at least a year-long commitment with a renter that can dictate whether the rental experience will be a breeze or a headache. In a study reported by Bloomberg and done by the Census Bureau, it was found that in June… [Read More]
For landlords, vacancies are always an issue, as they’re largely unavoidable. Sooner or later, your tenant is going to move out (or find themselves in a position where they can no longer continue paying rent). And that means your unit is going to be empty, at least temporarily. Vacancies are problematic because they prevent you… [Read More]
Owning a rental property can be extremely financially advantageous, providing you with a steady stream of income and an opportunity to benefit from long-term property appreciation. But owning this type of property, and managing tenants actively, does come with some additional complications and risks. For example, let’s say you’re 6 months into a 1-year lease… [Read More]