Affordable housing should provide safe living spaces for people with limited income. Low-income accommodations are always in demand, especially in an economy where costs are rising, and incomes are struggling to keep up. Owning a property dedicated to low-income housing can benefit your real estate business and the surrounding community. But what do landlords considering …
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Your rental unit is pristine, the price is fair, and you offer the latest amenities. There’s only one problem: the neighbors. Potential tenants often consider the community’s general “feel” in addition to the rental unit’s specifications. A neighbor who throws disruptive parties, owns a ferocious dog, or neglects his lawn can drag down a whole …
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A lease agreement is critical to any landlord’s rental property investment. It entitles a tenant to pay a fee for inhabiting a unit while defining each party’s rights and obligations. Beyond being a mere formality, a lease agreement is a binding contract that protects both landlord and tenant when questions arise, or something goes wrong. …
For many people, taking a dip in a pool is the ideal way to enjoy hot, sunny weather. Whether for relaxation, exercise, or fun, spending time in the water is a luxury many homeowners and renters seek. Consequently, a property with a pool can be a profitable investment, but there are downsides, as well. The …
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Every landlord quickly learns that real estate investment involves many financial considerations. Whether you’re considering a new investment, comparing properties, preparing taxes, or determining rent increases, knowing financial terms and equations is critical. Fortunately, this book can help! In 50 Real Estate Investing Calculations: Cash Flow, IRR, Value, Profit, Equity, Income, ROI, Depreciation, More, author …
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Here’s the latest rental activity and trends for the Phoenix Metro area for October 2023: Closed Rental Units: 2,406 (10.27% increase year over year) Median Lease Rate: $2,100 (0.0% increase year over year) Average Lease Rate: $2,300 (1.03% decrease year over year) Average Days on Market: 41 (24.24% increase year over year)
Bedbugs. The very word produces a shudder in any homeowner, landlord, or tenant. Although they don’t carry diseases, bedbugs are an incredible nuisance. They’re hard to spot and even harder to get rid of. Since they’re small and hardy, people can unwittingly transfer bedbugs via bedding, luggage, or clothing. And once they’ve entered a property, …
The Housing Choice Voucher Program (Section 8) originated under the Housing Act 1937. It helps low-income families, the elderly, and disabled persons find housing in the private market by providing rent payment assistance. Participants can select safe, sanitary housing in single-family homes, townhouses, or apartments. So, how do landlords join this program, and what are …
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When a tenant moves out, preparing for the next renter takes extra effort. Repairs, maintenance, and cleaning are all part of a landlord’s turnover routine. But the situation becomes more complicated when the previous tenant leaves belongings behind. Should you return the abandoned property? Can you throw it out or keep it? Read on for …
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An investor finds an ideal location in their search for a rental property, but there’s one complication: tenants already live there. Their lease will continue beyond the purchase unless the rental agreement specifies otherwise or the sale is part of a foreclosure. So, if the sale goes through, the current tenants will likely pass to …
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