Renting to a Friend: A Seemingly Perfect Plan When I first became a landlord, I had no idea what I was in for. I had just purchased a house, which meant I needed to rent out my condo. As luck would have it, a friend of mine was looking for a place to live. It …
Continue reading “My Experience as a First-Time Landlord: A Costly Lesson”
The many benefits of owning rental properties are well known. Unlike other investments, real estate offers multiple avenues for profitability, including monthly cash flow, property appreciation, equity growth from mortgage paydown, and the ability to use depreciation to reduce tax expenses. ALL GOOD THINGS! Of course, it’s essential to report income, expenses, and depreciation accurately …
Continue reading “Tax Time – Your Rental Property Meets April 15th”
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – January 2025 While most metros are seeing rent growth, landlords are increasingly offering concessions to attract renters, with more than 41% of Zillow rental listings featuring incentives in January — a record high in Zillow data. Typical Rent: $1,794 (.08% …
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Do you live in an area where property is so expensive that it feels impossible to get a good return on your investment? Or is your local rental market too flooded with properties or lacking in the kinds of tenants you’d like to work with? Whatever the challenges, if owning and maintaining rental property in …
Continue reading “Book Review: Long-Distance Real Estate Investing”
Being a landlord comes with challenges, but finding out your tenant has been arrested might be a landlord’s worst nightmare! Fortunately, there are procedures for how to deal with such a contingency. This article will help landlords know how to protect themselves and their assets if this situation occurs. CONFIRM First, confirm your tenant is …
Investing in real estate provides many obvious avenues of potential revenue, from monthly rent to selling a renovated house at a higher price point. But the concept of buying and selling wholesale real estate can be a little murkier. What is Wholesale Real Estate? A real estate wholesaler seeks properties priced below their fair market …
On the surface, investing in a foreclosure home might seem like a surefire way to make money. After all, the purchase price is usually lower than the property’s market value. But foreclosures can be complex, and even a purchase that seems like a bargain is no guarantee that you’ll make money on the venture. Here …
Continue reading “6 Tips for Investing in a Foreclosure Home”
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – December 2024 Concessions continue to break records, with nearly 41% of all Zillow rental listings offering freebies in December. Typical Rent: $1,791 (1.0% increase year over year) Single Family: $2,254 (2.8% increase year over year) Multifamily: $1,539 (-0.8% change year …
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You’ve undergone a thorough screening process, selected a tenant, signed a lease, and prepped the unit for the new renter to move in. The last thing you want to hear is that your new tenant doesn’t want the unit after all. But occasionally, a renter breaks the lease before taking possession of the unit. How …
Continue reading “When Your Tenant Breaks the Lease Before Moving In”
As a landlord, tenants trust you to keep their home safe and well-maintained. But they’re also trusting you with their personal information. Rental applicants are typically required to share private data like their date of birth, phone number, previous addresses, employment status, and social security number. Once tenants sign a rental agreement, they may need …
Continue reading “What Landlords Need to Know about Data Privacy”
