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Successful management of an investment property centers on balancing expenses and revenue. If you can consistently generate more revenue than you pay in outgoing expenses, you’ll probably be in a profitable position. Throughout the search to acquire new properties for your portfolio, you’ll likely be projecting expenses with care to determine whether each property would

The prospect of buying a new construction home can be exciting. Not only will you skip the tense process of touring an older home in search of the perfect property (or pondering the work you’ll have to put into an aging residence), you’ll also gain access to brand-new features, such as floors that have never

Selling a house can be a stressful exercise, especially if you’re new to the process. A lot of money’s at stake and you may be motivated to sell the property as swiftly as possible so you can move to a new place with ample funds in hand. If your house doesn’t generate a lot of

Rental properties can be extremely profitable. They enable you to earn hundreds of dollars a month while you also benefit from the long-term appreciation of the properties’ value. But that’s not always the case. If the space is vacant, you’re losing money instead of making it. You’re responsible for paying the expenses, such as maintenance

Landlords have to prepare for the unexpected. A tenant might damage your property or stop paying rent at any time without prior warning. That’s why it’s essential to have strong lease agreements—which will protect your investment. Your leases should be as detailed as possible so you have something to reference during a potential future dispute.

Over the last 10 years, rental rates in the US have increased by 31%. That’s an average of about 3% per year. This shouldn’t be surprising. Landlords must raise rents to keep up with rising expenses and to remain competitive with market rates. But they also want to experience as little turnover as possible, because vacancies