There are a lot of methods you might know to be obvious when trying to avoid high turnover costs with a rental property, such as proper tenant screenings and conducting regular inspections.But there’s one thing, in particular, that could be the difference between having to give your tenant their security deposit back or no...
Any tax person will tell you that you should save a receipt for every business-related purchase, no matter how small. Even so, many landlords are not keeping a paper trail of what’s often their most significant form of monthly income: rent. A rent receipt is a simple document that shows that your tenant is paying rent. In this...
If you've purchased an apartment or townhouse in New York City to rent out, it can be a solid investment—but only if you find reliable tenants. The same goes if you've outgrown your space and are looking to rent it out in the current white-hot rental market rather than selling in the sluggish sales market. Either way, a...
A condo can be an attractive choice when purchasing an investment property, especially for first-time investors. They generally cost less than single-family homes and can be easier to maintain.However, whether or not they’re a good investment depends on several factors. Ready to learn more? Read on as we uncover the answers to commo...
Are you tired of dealing with the hassles of managing your own rental property? Perhaps it's time to consider hiring a property manager. A property manager is a professional who specializes in managing properties on behalf of the owner. There are many reasons why you should consider hiring a property manager. Firstly, a property...
One of the most valuable tools rental property investors have in the U.S. is the 30-year fixed-rate mortgage. Surprisingly, this style of mortgage is very much an outlier compared to what’s typically offered in other countries. Most countries tend to offer adjustable, variable, flexible, or renegotiable rate mortgages, all of which...
Can you win in any market?No seasoned real estate investor would deny the importance of keeping up with macro and micro market conditions. Ignore either, and you don’t really stand a chance.With that said, lately, conversations of a downturning market have swallowed up evergreen advice. So, it feels like not enough is being said ab...
The future of rental properties is being revolutionized by electric vehicle charging. As electric cars become more popular, rental properties are beginning to adapt to meet the needs of tenants who own electric vehicles. By providing electric vehicle charging stations, rental properties can not only attract new tenants, but also help the...
As a property owner, selecting the right Atlanta property manager can be a challenging decision. It is important to find someone who understands the Atlanta market, has the experience and knowledge to manage your property and maximize its value, and provides excellent customer service. With the right property manager, you can maximize th...
Owning rental property is an excellent way to build wealth while generating passive cash flow but the reality is that conflicts and disputes among tenants will come.Thankfully, you can easily handle those situations yourself simply by following these tips.CREATE AND ENFORCE A STRONG LEASE AGREEMENT Any time there’s a problem t...
