Memorial Day is an American holiday, observed on the last Monday of May, honoring the men and women who died while serving in the U.S. military. Memorial Day 2021 will occur on Monday, May 31. The Civil War may have ended in the Spring of 1865, but the resulting heartache of loss and destruction hung …
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Congratulations! You have decided to invest in a rental property. So, where do you go from there? How do you know which location is best? Let’s talk. There isn’t a magic formula. Neither is the answer the same for every investor. On the other hand, there are key issues to consider. Here are six essentials. Does the neighborhood primarily consist …
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Did you know that owning out-of-state rental property is gaining in popularity among savvy investors? While it‘s more convenient to own real estate close to where you reside, investing in property located in various hotspots can increase investment profitability. Tom Schneider shares four key reasons for purchasing an out-of-state rental property. To invest in geographic areas where population and job growth are robust. To diversify a rental property portfolio with markets that best …
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Inside Pack your “inspection kit.” Include a small tub of spackling, putty knife, marker and labels, small, lightweight electrical item, notepad, and pen. Go through and clean the rental – this is a fast clean to make repairs and maintenance easier. We’ll discuss a final professional cleaning later. Complete a thorough examination –starting at the front door and …
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Summer is coming soon, and the heat is rising in the Southwest. Preparing now will save you much landlord stress later. Of course, high on the list is ensuring your AC is ready to beat the heat waves. Have your ductwork professionally cleaned. It not only improves airflow, which cuts down on utility costs, but …
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Rentals America celebrates Earth Day every day. We care deeply about the communities we serve and the planet as a whole. We are a proud CarbonFree Corporate Partner with Carbonfund.org. We are committed to sustainability and reducing our environmental impact whenever possible. As you can imagine, our team members drive quite a bit to keep …
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Here’s the latest rental activity and trends for the Phoenix Metro area for March 2021… Closed Rental Units: 1,687 (5.38% decrease year over year) Median Lease Rate: $1,799 (12.44% increase year over year) Average Lease Rate: $1,929 (9.66% increase year over year) Average Days on Market: 23 (3.57% decrease year over year)
One of the essential principles to successful real estate investment is learning about it before jumping on board. You don’t dive into a pool without knowing the water depth. Neither should you dive into the rental property market without seeking expert advice. There are, of course, multiple sources, but one that we highly recommend is the book Building Wealth One House at …
Continue reading “Book Review: Building Wealth One House at a Time by John W. Schaub”
When someone owns a business, they typically say their customers are their boss, and 5-star customer service is the key to company growth. The same principle applies when you are a landlord. The best way to engage and then retain great tenants, thereby keeping your investment producing cash flow, is to deliver top-notch customer service to your tenants. In …
Building a portfolio of rental properties is a step toward financial security. However, it is not as simple as just buying one property, and then another, and another . . . A well-developed portfolio begins with a specific financial goal and an organized plan to achieve it. For example, Zach has three children. The oldest one …
