One of the best ways to earn passive income is by investing in a rental property. If successful in finding a tenant, you’ll guarantee yourself a passive source of recurring income. Raising rent is inevitable in any landlord’s career. At some point, you’ll realize that you need to charge more in order for your investment […]
As a strategic vehicle for marketing, a good property listing can fan interest from potential tenants. It pays to know how to construct one that will elicit curiosity. To be effective at advertising, you need to create detailed and appealing property listings. The good news is, it’s not as intimidating as you think. By following […]
While rental properties can generate earnings for an investor, damages can diminish your income. As a landlord, you want to minimize the damages, especially ones that tenants can cause. On a positive note, there are a variety of things you can do to reduce your worries in this area. Property damage is to be expected […]
The rental industry is competitive. You might find several properties similar to yours in your neighborhood. Though your properties might be in the same area, you want to make sure to set your rental apart from the others! Marketing and crafting the best property listings can only go so far. What you need to do […]
The ultimate goal of rent regulation laws is to help keep housing costs affordable. There are, broadly speaking, four main elements that make up a rent regulation system. These are eviction controls, price controls, landlord-tenant responsibilities, and the oversight aspect. In the U.S., most states and cities have landlord-tenant laws and some form of a […]
When you own a rental property (or several), one of your main goals as a landlord is to keep costs as low as possible. Doing this allows you to be more profitable without increasing the rent for your tenants. That’s why many landlords wait as long as they can about replacing the stove, the carpets, […]
A rental property is an investment, one that you want to upkeep. If you’re in the business of renting a property, whether it be a single home or multiple units, then you know the importance of keeping your cash cow in action. As a first-time landlord, it can be especially important to consider the condition […]
Congratulations! You are a new property investor in Austin, Texas. So, what next? Purchasing a rental property is just the tip of the iceberg. The real work begins with the preparation and actual renting out of the space. There are leases to be signed, renovations to be done, and the screening and selection of tenants, […]
Landlords looking to rent out a property and agencies specializing in property management services prioritize finding responsible and reliable tenants. One way you can ensure you attract quality renters is by remodeling the rental unit. The functionality and appearance of your property will be an essential factor in attracting the right kind of tenants. That […]
The term “1031 Exchange” originates from section 1031 of the Internal Revenue Code. This permits an investor to substitute their investment property, which would then be known as the relinquished property, with another one that is similar or labeled as “like-kind”, which would later be known as the replacement property. The investor is given an […]
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