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 property. Chances are, you’ll need to take out a mortgage. Mortgages for primary residences are significantly different than those …
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 …
How to Write a Lease Agreement for a Rental Property
As a responsible property owner, your top priority is going to be the bottom line. You want to ensure that you’re making the most of your financial investments. For that reason, you’re considering renting out your property to someone else. After all, even experts recognize the tax-related value of renting out your house. Perhaps, though, you aren’t sure where to …
8 Property Finance Tips to Purchase Your Investment Property
Becoming a real estate investor is a great way to earn a lot of money with minimal effort, depending on if you have the right information and the right help. Whether you want to rent out a single home or learn how to buy multiple rental properties, the process can seem daunting. If you’re wondering where to start, don’t worry because …
What Investors Need to Know About Condo Investments
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 …