Running a property as an Airbnb comes with a ton of responsibilities. Not only do your guests expect 24-hour service, but you also have to manage reservation requests, cancellations, negative reviews, turnovers, and more. And how on Earth does the average person keep up with this? Many landlords hire property management companies instead to take […]
What is equity? In simple terms, equity is the difference between the value of a house and what you owe. Equity can grow by itself and increase your net worth, providing a source of funds for you to acquire more rental properties. Keep in mind that equity is “invisible money” that only becomes cash when […]
Wondering how you can do long distance rental investing in the US while living in another state? There are plenty of reasons why you might want to invest remotely in the U.S. market: 1. There are better real estate investment opportunities outside of your state or current country of residence. 2. Home prices are too […]
Anything long-distance tends to be trickier, whether that be a relationship or an investment! But if you have the key steps taken care of, the distance will be a mere factor, and not a hindrance to you achieving your rental investing goals. This is the first of our 3-part series on long-distance rental investing. We’ll […]
We manage lots of properties for landlords who don’t live in the local area (Metro Detroit), or even in the country. For out-of-state rental investors like these, having a dependable property manager to be their eyes and ears is probably the most critical part of their strategy. Because of this, out-of-town landlords need to […]
Most rental investors enter the industry thinking not just about owning a single rental property, but about how they can eventually scale up their rental business and acquire 2, 3, 4, or dozens of properties one day and retire from their day jobs. If you’ve put all your available capital into property #1 and are […]
Though the topic about paying off your mortgage is highly debated, the right answer is the one that aligns with your overall goals and investment strategy. There are two diametrically opposed schools of thought when it comes to carrying debt. Some investors prefer to own properties “free and clear,” while others believe that leveraging their […]
Property investments are a great way to build wealth, that’s why some of the wealthiest people you’ve heard of made their money in real estate. The perception is that it’s easy to make money renting properties. Maybe…but if that’s true, why do so many investors go bust? Why is it that most real estate investors […]
Smart investors don’t buy property because they envision themselves living in it, they invest in property to turn a profit. That process requires discipline. The decision of whether to place a bid or pass on a property needs to be clear cut. Assess the financials, numbers don’t lie. Remember, you’re buying a house and renting […]
As a rule, college towns make suitable real estate investments. Property values hold across the board and not just for student housing. University towns tend to have vibrant downtowns, which are hot spots for lots of local businesses that attract locals and professionals to the immediate and surrounding areas. Southeastern Michigan is no exception. Cities […]