When you’re considering what to do with your rental property, it can be tempting to sell, especially if the market is hot. But before you make a move, it’s worth taking a moment to think about the long-term picture. Selling may give you a quick cash boost, but holding onto a rental property – especially …
Continue reading “Don’t Lose Your Low Interest Rate: Keep Building Wealth Instead”
Summer is just around the corner, bringing sunny days and rising temperatures. As the mercury climbs, your rental property’s HVAC system needs to keep up. As a landlord, it’s your responsibility to ensure that your rental units remain “fit and habitable” for tenants – and that includes providing functional amenities like air conditioning. Even if …
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Renting to pet owners can be both rewarding and challenging. As of 2023, pet ownership in the U.S. has risen to a new high, with 70% of households owning a pet. This surge, highlighted by the American Pet Products Association (APPA), reflects a shift in lifestyle priorities, with pets playing an increasingly vital role in …
A Worthwhile Read for Real Estate Investors – Particularly Beginners As a real estate investor, especially for beginners, navigating the complexities of taxes can be one of the most daunting aspects of building your portfolio. That’s where The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland comes …
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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”
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 …
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”
