So many opinions on how to be a successful real estate investor can be overwhelming to new owners. In 2021, investors looking to diversify their current portfolio or take advantage of passive income opportunities turn to real estate. Thanks to developing technology and professional management firms, it is now easier than ever to efficiently manage […]
Category Archives: Tips for Investing in Rental Properties
26
Jul
Jul
Many uncertainties accompany rental property ownership. However, one thing is for certain, maintenance and repairs are inevitable. Unfortunately, a common mistake for new landlords is underestimating potential maintenance costs and not preparing for the worst. While avoiding many disastrous repairs involves preventive action, it is always a good idea to set aside more emergency funds […]
23
Jul
Jul
Maintenance and repairs are some of the biggest expenses for rental property owners. However, learning how to complete simple DIY repairs and knowing when to call experts is important to managing costs. For example, unclogging a toilet could be an easy DIY fix, but hiring a professional plumber can run anywhere from $150 to $700! […]
19
Jul
Jul
For many reasons, living close to your rental investment property may not be possible. While living close by does make things easier, being a long-distance landlord can work if you are prepared. Modern technology and services allow investors to purchase property anywhere to get the most out of their portfolios. Join us below as we […]
Owning a Rental Property in Pennsylvania, Property Management, Property Management In Montgomery County, PA, Property Management in Pennsylvania, Property Management in Philadelphia, Tips for Investing in Rental Properties, Tips for Landlords
Understanding Rental Property Pricing in a Seller’s Market
09
Jul
Jul
Housing prices continue to soar in many areas as supply still struggles to keep up with demand. This increased demand and low supply creates a strong seller’s market within the real estate industry – but where does this leave rentals? The truth is, the rental market does take some cues from the housing market. Therefore, […]
06
Jul
Jul
Water issues in a rental property are more than just an inconvenience. In fact, water can lead to extensive damage, mold growth, health hazards, and expensive repairs if not immediately addressed. That said, when a pipe burst and water is pouring into your home, it is easy to become overwhelmed. So, knowing how to find […]
16
Jun
Jun
Eviction is a scary word for any landlord. However, what’s worse is when you find out the people living in your rental never had a lease in the first place! When that occurs, or when there is an unauthorized occupant – you have squatters. A common misconception is these individuals have no rights because they […]
15
Jun
Jun
One real estate investment trend on the rise is mixed-use properties. Typically, these properties have a combination of residential, retail, or commercial ventures in one building. In recent years, this type of development has become commonplace in many urban areas. However, for investors familiar with traditional residential management, is gambling on mixed-use the right move? […]
14
Jun
Jun
Most people have heard of staging homes for sale – but what about homes for rent? Staging a rental property is a step often overlooked by landlords. Whether it is cost-prohibitive or just viewed as unnecessary, most property owners think their home will attract enough quality applicants without it. However, keep in mind that renters […]
03
Jun
Jun
One of the biggest decisions that landlords make is where to invest in rental property. Along with researching the local markets, it is important to realize that some states tend to favor landlords. Historically, Northern states benefit renters while Southern states tend to side with property owners. That said, owners must consider several factors such […]