Owning and operating rental property is a time-honored strategy for building generational wealth. But investors need to evaluate rental property opportunities thoroughly to see if they will provide value over time. There are many factors to consider when evaluating a prospective rental property. While it largely comes down to a numbers game, there are other […]
Collecting rent on time is the driving factor behind becoming a landlord. It’s also the one topic that’s often overlooked… how to collect rent. Establishing the “how” is almost as important as the “how much,” and your collection policy should be something you agree upon with your tenant before they sign the lease. Make it […]
As a property owner, you have probably had your fair share of good and bad tenants. You have started to watch for signs of what the typical “bad” tenant looks like to keep your rental from becoming a revolving door of occupants. Knowing how overwhelming this can be, you have begun taking necessary measures to […]
If you own a rental property, you’ve probably had your fair share of dealings with both good and bad tenants. You’ve dealt with house calls and repairs. You’ve had to handle evictions and breaches of leases. Even if you’ve never ran into any of these issues, owning a rental property is still a lot of […]
Successfully managing your own investment properties requires the mindset of a business professional. With real estate investment still on the rise, it is critical to avoid common mistakes that limit growth. The following blog will list some common mistakes with practical solutions, to help you avoid mistakes if you are going to include real estate […]
There is no better way to set yourself up for a better future than to invest in property and build your real estate portfolio. Once you’ve crossed all the T’s and dotted all your I’s preparing your home to be rented, it is time to shift your focus on managing your property. Soon, you will […]
A single-family home is a standalone property on its own lot. Investing in a single-family home is basically investing in a house or condo to rent to a single tenant. One of the simplest definitions of single-family rental property investing is getting paid for what you own, rather than just paying to own it. If […]
Real estate has long been considered a sound investment, and for good reason. Before 2007, historical housing data made it seem like prices could continue to climb indefinitely. With few exceptions, the average sale price of homes in the U.S. increased each year between 1963 and 2007—the start of the Great Recession. Home prices did […]
In a dream world, your tenants would pay their rent as soon as it’s due, maintain your property, and give plenty notice before they plan on moving. But as a landlord, you know that is merely just a dream. Even the best tenants can later become difficult. It’s not unusual to have tenants that damage […]
Perhaps one of the most overwhelming things about owning a rental property is worrying about how you are going to handle routine maintenance and repairs that your property is bound to need. If this is your first time renting out your space or you are seeking a tenant for the last vacant unit in a […]