More than five million Americans live in condos or co-ops. Condo investments promise the home equity and tax advantages of homeownership without the hassles of single-family houses. Yet can they be a poor investment? Who wins when they purchase a condo, and who loses? The answer depends a great deal upon the location and rules of the building you are …
Not Sure How to Find a Property Manager? Strategies to Land You a Good Property Management Company
Do you want the benefits of renting out your property without the hassle of doing it yourself? Getting rental income is a crucial part of a solid investment portfolio. When the time involved outweighs the income though, it becomes an unsustainable pursuit. There’s no need to get bogged down in the complications of renting property when you secure a good property …
7 Things You Should Think About Before Renting Out Your Home
In Denver, Colorado, the number of renters is quickly catching up to the number of homeowners. In 2006, the number of renters was 226,832. By 2016, that number had grown to 320,149. Meanwhile, homeownership went from 392,162 in 2006 to 359,158 in 2016. If you’ve been considering renting your home, this is great news for you. Renting out a house …
How to Make Money in Real Estate Without Being a Landlord
Money experts tell us to put aside anywhere from 10% to 25% of our earnings to save. What they rarely tell you is what to do with that money once it’s saved. One way to build up wealth is by investing that money into something that carries a low risk while earning you more interest than you contribute to it …
Why You Should Hire a Property Manager for Your Single-Family Rental Investment
With competition cooling in the housing market and buyers wary to give the green light to purchase, it’s not a seller’s market right now. Economic uncertainty is the likely culprit and is predicted to continue through the 2020 election. Meanwhile, the single-family rental continues to be the growth darling of the housing industry. Even home builders are getting in on …
7 Reasons You Should Hire a Rental Property Manager
The rental market in the U.S. is thriving. It’s accelerated steadily from fall 2018 into summer 2019. It’s up in 49 of 50 top markets with an annual 3 percent increase in the rental price. The upswing is attributed to low supply and steady demand due to the generally good economic climate and demographics. This makes it a fantastic time to use your property to generate income. …
So Happy Together: How to Find the Perfect Tenant for Your Rental Property
The rental market in the U.S. has been on the rise over the past year with an increase of 3.1 percent in rental prices. This means it’s a great time for you to turn your property into an income property or keep it going if you already have.
5 Questions You Need to Ask Before Hiring a Property Management Company
Renting out a property can help you to achieve your dream of earning a passive income — but it’s also a ton of work. You need to market to and interview tenants, collect rent every month, handle maintenance tasks and issues, and, unfortunately, even mitigate conflicts with difficult renters. In addition to everything else you have to handle with your …
How to Turn Your Home into a Rental Property
If you’re having problems selling your old house, or if you’ve inherited one and you’re not sure what to do with it, consider renting it out. The promise of a consistent flow of cash from your tenants is just too good to pass up. However, converting your home into a rental property isn’t as easy as putting up a “for …
Becoming a Landlord? Here’s What to Know About the Colorado Landlord Tenant Law
If you’re thinking about becoming a landlord in Colorado, we know you want to do everything possible to ensure that you don’t run into any potential problems with your tenants. While conducting proper building inspections and performing timely maintenance within your building is essential if you want to keep your tenants happy, you also need to familiarize yourself with the …