Residential property as any commodity has a lifespan. You cannot utilize it forever, at a certain point the walls will become fragile, a foundation will start to sag and the building will collapse. However, the building can last for centuries if it is properly exploited. Of course, you cannot fully
Gain a basic understanding of key landlord responsibilities, property marketing tactics and areas of the law to effectively manage your rental.
Taxpayers are all smiles when they are able to sell their principal residence at a sizeable gain and avoid any tax liability. Under the home sale exclusion, they can generally exclude up to $250,000 of gain from tax or $500,000 if they are married and...
Hiring a new employee for your property management business can feel like a first date: everyone's trying to make a good first impression. Use these 6 top tips to make the right hiring decisions.
A single fatal flaw can turn a seemingly solid rental into a cash pit. Not all of these red flags are deal breakers—but each should be weighed carefully.
Ready to get creative? There are easy ways to substantially increase rent and the value of your properties -- if you're willing to think outside the box.
It is always kind of fun though to look back and think what you would have done had you had the knowledge you have now. Hindsight is of course 20/20, but what would I change if I could go back in time? What do I wish I knew then that I know now, before I bought my first rental property?
Want to put your rental in tip-top shape for easy rentability without breaking the bank? Add these 9 low-cost tasks to your to-do list!
Besides interviewing potential tenants, collecting the monthly rent, and tending to necessary repairs, one of the most important landlord’s tasks is to keep the tenants, everyone’s belongings, and the property itself safe. In this line of business, reputation is a crucial element of success which means that if you don’t do anything about making your tenants feel …
Moving is always stressful, regardless of the reason you must do it. Whether you are facing a layoff and are in search of a new job opportunity, wish to move closer to family, or are
Many people reach a place in their life where they are ready to improve on their quality of living. This could mean investing in real estate as a way of improving their monthly cash flow or it could simply mean buying a nice vacation home at the lake, in the mountains, or on the beach. For people who wish to convert their primary home to a rental property there are a few rules and guidelines to follow.
Investing in anything, including real estate, inherently has risks. But don't let those risks paralyze you. Instead, learn about them -- and mitigate them.
One of the advantages of owning rental real estate is the depreciation tax deduction.
It's important to prepare your rental properties before the first snowfall of the season. Check out these winterization tips!
If you don't know how to screen tenants, trouble could be around the corner. Read on to learn the 7 steps to finding great tenants.
Investing in a rental property is appealing because of the promise of a steady flow of funds, but just because it’s called “passive” income...
With a record number of Americans renting, owning a rental property has never been more desirable.
If you're thinking about hiring property management, make sure to consider these very important questions first!
The return on a real estate investment can vary greatly, depending on how the property is financed, the rental income, and the costs involved.
Another way to minimise risk is to conduct regular inspections of the rental property.