Every landlord must follow certain rental property laws, and they differ depending on which state and city they’re in. As you can imagine, rental property compliance is essential in running a successful rental business. However, it all depends on the location of your rental property and local ordinances in that area. So, if you’re wondering […]
17
May
May
Rental security deposits are important for owning and managing a rental business. If you are a first-time renter and don’t have experience with security deposits, you may not understand why they are necessary and how they work. Some renters assume that they are entitled to their full security deposit when they move out. However, in […]
16
May
May
All landlords want to find and keep quality tenants to occupy their rental units. One of the most important parts of owning a rental is finding tenants that will treat the property as their own. That said, when there are a lot of applicants, finding the ideal tenant is more complicated. However, landlords typically have […]
13
May
May
When you own a rental property business, there are several expenses you must account for. Some of the most common rental property costs include insurance, taxes, and maintenance. However, sometimes landlords encounter unexpected rental property costs that negatively affect profits. So how can you avoid running into hidden rental property costs? Here’s what you need […]
12
May
May
Everyone wants the chance to secure long-term wealth and retirement funding. For investors, that may encourage you to experiment with new investment strategies. Buying one rental property per year is an investment strategy that leads several landlords to financial success. However, it’s important to make smart investing steps to get there. Here’s how you can […]
11
May
May
If you’re familiar with purchasing real estate, perhaps you’re familiar with buying a “sight unseen” property. When you purchase a property sight unseen, it’s essentially the same as a blind offer in real estate. Ultimately, it means that you put an offer on a property without seeing the interior. It may seem like a significant […]
10
May
May
A picture is worth a thousand words. However, when it comes to a rental property listing, words still matter a great deal. That said, a poorly written advertisement can easily become overlooked in a competitive rental market. Therefore, a few carefully chosen sentences that highlight everything a renter is looking for can make all the […]
05
May
May
Rental property owners have a significant responsibility when tax time comes around. After all, landlords are responsible for reporting rental property income on their tax returns each year. While filing taxes, rental owners must declare all payments they receive as rental property income. Then, investors can deduct qualifying expenses from the total revenue. If you’re […]
04
May
May
Maintenance is an inevitable occurrence in any rental property. After all, your home requires maintenance, so your rental property is no different. Keeping up with maintenance tasks and encouraging renters to report issues is essential. If maintenance issues or damages go unacknowledged for too long, it can result in long-term rental damage. Can landlords charge […]
03
May
May
If you’re looking to gain financial independence or save up for retirement, investing is a great way to do so. That said, there are several investment options available today. For example, you can invest in real estate, stocks, and more. But, what’s the best strategy for retirement? Keep reading as we go over how you […]