There are pros and cons to getting tenants that are college students. On one hand, if things go smoothly, that guarantees you around 4 years of tenancy. Even after, there’s a steady demand for rental properties in areas where universities are located. On the other hand, it’s not always rainbows and butterflies with college students, […]
“With great power comes great responsibility.” An electrical problem can put both landlords and tenants at risk. So, if you’re a rental investor, you need to ensure that you have a safe rental property to avoid any potential accidents or legal issues. Unfortunately, many landlords fail to recognize the signs until it’s too late. To […]
Everywhere we look, technology is taking over our lives. People are on their phones 24/7, and AI is changing media production. And real estate is joining the wave of the software revolution. Whether you’re a seasoned property investor or a newcomer to the landlord game, leveraging technology can significantly enhance your business efficiency. Here, we’ll […]
“With great power comes great responsibility.” An electrical problem can put both landlords and tenants at risk. So, if you’re a rental investor, you need to ensure that you have a safe rental property to avoid any potential accidents or legal issues. Unfortunately, many landlords fail to recognize the signs until it’s too late. To […]
One small mistake with your rental property accounting can lead to big consequences. Forget to collect rent on time, or at all? You lose revenue. Don’t have a proper record of your maintenance fixes? Your budget is suddenly overrun, or you can’t claim tax deductions. Overlooked paying for HOA fees? You’ll have to pay a […]
Renting has become a common path for younger professionals and millennials, with over 34% of the US population renting, and over 1/3 of those renters just below 35 years old. And the numbers make sense! At this age, your main concern is to start a life of independence, and what better way to start than […]
As landlords, you are responsible for giving tenants a safety place to come home to every day. That’s why property inspections are essential—ensuring that rental investments meet safety standards making them legal. Plus, by conducting regular inspections, landlords can identify problems early on and nip them in the bud before they result in more significant […]
Many savvy investors are looking for opportunities to expand their portfolios with rental properties in today’s market. However, not all opportunities are lucrative. Therefore, you have to know how to separate the good from the bad, especially if you plan to invest in a small multi-family property like a duplex. You need to know a […]
Boomers have been changing the face of the rental market with no end in sight for the foreseeable future. Many are already retired, but even more are nearing retirement age. They have become the largest segment of renters in the country. Ignoring or not correctly marketing your properties to this demographic can be a huge […]
As a smart investor, you always should be looking for ways to improve cash flow, income stream, and to increase the value of the property. Taking the time to renovate can accomplish all three, but you must be willing to expose yourself to some financial risk and uncertainty. You’ll have the unit(s) vacant during construction, […]