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.
Cohousing is an old model; you can trace the history of unrelated individuals living together back to the Middle Ages and, more recently, connect it with the communes of the 1960s and 70s. Today, though, cohousing has taken on a new relevance for millennials struggling to make it in a tough economy…. [Read More]
Tiny homes are all the rage right now. Measuring, on average, between 100 and 400 square feet, tiny homes have lowered barriers to home ownership by making housing more affordable and environmentally-friendly. But is there a marketplace for tiny home rentals? As these homes pop up across the country, more landlords are considering turning these small investments into big profits…. [Read More]
Although lease agreements, rent collection, property maintenance, and cash flow tend to get the most attention in landlording circles, it’s a grave mistake to overlook the importance of property marketing. Without a marketing strategy, you’ll find it difficult to stand out in a crowded market that offers plenty of inventory…. [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 landlord, you have a great deal of control over your expenses and rental prices. Obviously, you’ll want to make decisions that maximize your potential profit and income stream, but not all decisions are so straightforward. For example, in most areas, landlords will have a choice of whether to pay for utilities out-of-pocket (and build utility costs into the rent at a fixed price), or whether to charge less rent and have the tenants take care of the utility costs…. [Read More]
As a landlord, you always want to have as many options as possible when you experience a vacancy. In fact, your ability to quickly fill an opening and mitigate the impact of turnover will, to a large degree, impact your profitability and return on investment.
While every rental isn’t conducive to military housing, many are. By shifting gears and focusing on military families, you can keep your properties rented and enjoy the stability of a steady stream of tenants…. [Read More]
Do you wonder what it would be like to live in a house for more than a few months at a time? Or do you wish you could settle in for more than a couple of years before having to move to another city or state? While it can often feel like you’re the only one, there are thousands of other families in your exact situation. These include military families, individuals climbing the corporate ladder, athletes, and regular blue-collar folks who have to move around to make a living.
If you talk with other people who frequently move, you’ll find that the happiest people are the ones who know how to turn temporary housing into a home. Want to know how they do it? Stick around and we’ll fill you in on their secrets…. [Read More]
Profit is the name of the game when it comes to investing in rental properties. You can’t let your emotions or design and style preferences get in the way. With that being said, many landlords end up with properties that are cheap, yet ugly. And while you don’t want to pour a ton of money into these properties, you do want to make sure they attract renters. Thankfully, there are some inexpensive and high-returning hacks you can try to give your property a little boost…. [Read More]
Are you looking for a way to increase income on your rental properties? Are you in a nice location that’s surrounded by lots of business activity and other attractions? If you’re willing to go against the grain and do something different, you could be a good corporate housing landlord. Not sure what that entails? Stick around and we’ll explain what this looks like in more detail…. [Read More]