You have to consider many risks when getting into real estate investing. Some of them you might already know, while some are less talked about in the industry—albeit still crucial in creating a long-term, profitable, successful real estate investment portfolio. Here, we list the key types of risks that residential and commercial real estate investors […]
Welcome back to the Ultimate Real Estate Glossary! Newcomers to real estate might find it a bit difficult to absorb all the language that goes with the industry. It can be overwhelming, but that’s why we’ve written this guide for you. It’s a comprehensive dictionary of real estate trade terms for new landlords to get […]
If you’re new to the real estate industry, the language can be a little overwhelming. Like many industries, real estate has its own jargon and learning that jargon can be a difficult (but essential) part of entering the rental property business. This is why we’ve put together this Ultimate Real Estate Glossary! To jumpstart […]
Have you ever paused reading a real estate article just to search the meaning of the terms and jargon they use? If you’re a landlord who’s just starting out, all the terminology can seem overwhelming at first. That’s why we’ve put together this comprehensive list of jargon and terms in our Ultimate Real Estate […]
The coronavirus pandemic has got many investors wondering what the future holds for real estate. The current economic uncertainty makes it difficult to answer the question “when is the right time to buy an investment property?” For turnkey real estate investors, the answer is even more complex, since it involves looking at both the real […]
Tenants rarely take responsibility for repair issues, so landlords need strong language in lease agreements to legally charge tenants for problems they cause. We just had another experience that reminded us why our lease has so many clauses. A Tenant contacted us because their kitchen drain was clogged. We asked what caused the problem and […]
We’ve just heard about another two local property management companies “having difficulties” meeting the needs and expectations of their rental property owner clients. First, let’s make sure everyone reading this understands we’re not perfect and make no claim to be. But, we do like to think we’re better than most, if not all, our competitors. […]
We’ve seen a sharp increase in the number of tenants calling on our rentals that are moving from Detroit! It’s our corporate policy to ask every prospective tenant where they live now and why they’re moving. We do it to better understand what type of home they’re looking for and what we have that might […]
How many landlords have checked out a rental applicant using social media sites like LinkedIn, Facebook, Twitter, etc? Be honest – how many landlords have ever even thought about it? It could be a great additional tool to supplement a light credit file or for applicants that can’t prove their claimed income. We’ve been reading […]
Every time a property we manage goes vacant, the first thing the property owner wants to know is, how fast can we find another tenant to put in it. This makes perfect sense as most property owners either have a mortgage on their property that needs to be paid or they’re living off the cashflow […]