When you start laying out the typical fees for managing a property, some potential investors might shudder at the thought. If they didn’t consider rental property maintenance as a part of the cost of doing business in the rental market, it might take the stars out of their eyes. However, there are other potential investors who think that there are …
Age Is Just a Number: How to Build a Real Estate Empire When You’re in Your 20’s
While it might seem like a tough hill to climb from nowhere, you can truly become a billionaire in real estate. Building that wealth requires you to know how to build a real estate empire as soon as you’re in your 20s. Starting too late means starting behind many other people in the industry. Here are a few tips to get …
The Ultimate Rental Property Investment Strategy: The Only Formula You Need
There are just over 43 million housing units occupied by renters in the US. Not every one of those housing units is making its landlord a profit, though. That’s because not all landlords follow the right rental property investment strategy. Buying a rental property and turning a profit takes education and some trial and error. But there are definitely a …
Is Buying a Townhouse a Good Investment?
As of 2016, almost 30% of Americans were renting their homes. Today, the number of people renting is even higher than it was then. More people renting means more potential profits to be made form rental income. That is, potential profits stand to be made if you know how to make smart real estate investments. And inquiring into buying a townhouse is a …
4 Facts to Know Before Investing in Single-Family Homes
Are you considering investing in real estate? If not, you should be. There’s no better time than the present to invest – particularly in single-family homes. A combination of factors including a strong market outlook, low unemployment, and a shift in renter profiles has made single-family home investing the preferred choice for many property owners, regardless of their net worth. …
How to Find A Rental Property: 8 Tips When Finding Your First Property Investment
In today’s competitive world, it’s in your best interest to do whatever it takes to get ahead of the game. Perhaps, then, you’re considering investing in a rental property and wondering how to find a rental property. That way, you can earn financial income in addition to your own career. At the same time, you don’t know where to start …
How Much to Charge for Rent: Calculating Your Tenant’s Rent, Water, and Utilities
The way that maximum affordable rent is calculated is usually based on the earnings of the person looking to rent. When figuring out how much to charge for rent, it’s important to look at a lot of facts and figures showing how much people in the region make. If the idea is to charge 1/40th of a person’s income each …
Second Home vs Investment Property: How Do the Mortgages Differ?
Real estate is Americans’ favorite long term investment. While the stock market is often glamorized as the way to make it big, the real money is in real estate. If you’re looking to invest in real estate, you’ll have to purchase some property. Chances are, you’ll need to take out a mortgage. Mortgages for primary residences are significantly different than …
What’s the Best Way to Collect Rent?
What’s the best way to collect rent from your tenants? The answer to this question varies widely, depending on who you ask. Some landlords prefer to be hands-on and like face-to-face collection. Others are hands-off and would rather use a third-party management firm or allow online options. But one thing is clear: No matter what method of rent collection you …
Terrible Tenants Got You Down? 6 Sneaky Ways to Get Rid of Bad Tenants
One of the worst parts of being a landlord is dealing with difficult tenants. If they’re in violation of their lease agreement, it’s easy – you can evict them for breach of contract. But what happens if they’re loud or you suspect they’re doing something illegal but can’t prove it? There are some sneaky ways to get rid of bad …