Most new investors realize the benefits of rental property ownership. Just one well performing rental property can completely transform your portfolio. There is nothing wrong with quick flips and rehabs but there should be some balance to your business. A rental property will not only generate monthly cash flow but can offer tax breaks and...Read More
As a landlord your lease is everything. Without a well written lease for your protection you leave yourself open to liability, litigation and financial loss. It is not enough to use the first lease you find online. Your lease needs to be tailored specifically to the property, the market and your personal preferences. Anything that...Read More
Tenant screening is the most important step you can take to ensure you are renting to quality tenants. While nothing you do will ever guarantee good tenants you always want to give yourself the best possible chance. By taking the time to screen your tenants and ask the right questions you can eliminate many bad...Read More
To run an efficient rental property you need to be a good landlord. There are many rental property owners who do not have the residual cash flow to hire a dedicated property manager. This puts them in the front lines with all of their tenants. Instead of treating it as a job you should think...Read More
Owning a rental property and collecting rent checks is one of the best aspects of real estate investing. As great as being a landlord is it is far from easy. There is a lot that goes into owning a rental property. Between finding a good property, good tenants and putting a good team in place...Read More
As a rental property owner finding good tenants is a necessary evil. The screening process itself can be long and grueling but it will impact your business for the next several months. Good tenants are the key to any good rental property. It is important that you spend the time to know exactly who you...Read More
One of the most stressful periods for any landlord is the end of the lease. For a month or so, there is a balance between finding new tenants while seamlessly moving the existing ones out. What you do in during this time can greatly impact the next several months and beyond. The best landlords have...Read More
There are problems with almost every rental property. Most of these in minor in nature but they have to be dealt with nonetheless. How you handle these problems when they arise will go a long in determining your bottom line. Like other areas of your investing business it is always better to be proactive than...Read More
A good rental property can completely change your portfolio. While most investors are only focused on the next deal a quality rental property can supply long term wealth. Five, ten and even twenty years may seem like a lifetime from now but often comes much quicker than we think. With a strong rental portfolio to...Read More
At times managing a rental property can act as a full time job. Even if you have great tenants property issues always pop up from time to time. Most of these are minor in nature but nevertheless still needed to be treated with a sense of urgency. How well you take care of these will...Read More