There is no greater long term investment in real estate than a quality rental property. The right rental will not only provide short term cash flow in the way of surplus rents received, but can give you the potential for appreciation years down the road. All the while you can take advantage of many tax Read more about The Biggest Challenges Of Self-Managing A Rental Property[…]
Our first thought was: There is a dead body in this refrigerator. Of course, upon closer inspection, there was no dead body, just rotting food, garbage, and other unknown objects. The smell was unlike anything we had ever experienced before. The unit was left with garbage covering nearly every square inch of the floor, holes Read more about 5 Ways to Deal With a Tenant Owing You More Than Their Deposit Will Cover[…]
The hardest part’s over—you found the perfect house. Now you have to go through negotiations in order to buy the house, get the perks that you want, and—of course—determine your closing costs. The latter can be a surprising additional expense in the home-buying process. Typically, closing costs equal anywhere from 2 to 5 percent of Read more about 6 Negotiating Tips for Lowering Your Closing Costs[…]
According to RealtyTrac, a real estate data company, there were 1.36 million properties in foreclosure in 2013. If you’re the entrepreneurial type who’s always looking to make a buck, investing in foreclosures could be a good idea. But before you jump in with both feet, you should consider the time, energy, and effort these investments require. Here are Read more about 6 Tips on Investing in Foreclosures for First Timers[…]
If you have a good tenant, how do you get them to stick around? Here are 5 ways to keep your reliable tenant happy and eager to renew. Let’s be honest: Filling a vacancy is a hassle. It takes time, it sometimes means losing out on rent, and it’s probably something you prefer to do as infrequently Read more about Getting Your Tenants to Renew Their Lease[…]
Feeling Overwhelmed? I used to get really bogged down with property management when I first began buying rental properties. It got to the point that I regularly spent 20+ hours on it. Reading a lot of posts on this sub, I think many of your will relate to that. Over time, as my portfolio grew, Read more about 3 Key Strategies to Help You Manage a 30+ Unit Portfolio Remotely[…]
Rental listing scams typically aim to steal money. They will try to get you to send a check for a security deposit or move-in fee without ever seeing the apartment. They keep your money and have no intention of renting a unit to you. How Can You Tell If a Rental Listing is a Scam? Read more about How to Spot a Rental Scam[…]
By Andrea Collatz As a landlord, you want the best possible tenant to occupy your rental. Therefore, you may wonder what kinds of questions you should ask during the tenant screening process. In order to weed out undesirable applicants and find a good long-term tenant, it’s important to ask questions that will help you to understand if Read more about 8 Questions to Ask When Screening Tenants[…]
What Is a Lease Agreement? A lease agreement is a binding contract between a tenant and a landlord. It outlines the legal terms and conditions that the tenant and the landlord have agreed on about the tenancy. It is a legal requirement that sets out the contractual obligations of both the landlord and tenant, thereby Read more about 9 Things Every Connecticut Lease Agreement Should Include[…]
Want higher ROI on your rental properties? Easy—slash your turnovers to the bare minimum. Turnovers mean vacancies, during which you’re not bringing in rents, yet still paying the mortgage. It’s not just the mortgage, either. You’ll probably need to repaint, you might need to replace the carpets, and you’ll need to clean the unit thoroughly. Read more about 11 Ways to Boost Tenant Retention for Higher ROI[…]