First-time landlords are a unique group of people. Some are homeowners looking to upsize or downsize and want to lease their homes. Others are investors seeking ways to fund their retirement or quit their corporate jobs. Some may be accidental landlords who must turn their primary home into a rental property for one reason or […]
Category Archives: Tips for Investing in Rental Properties
16
Aug
Aug
Everyone knows that to start buying investment properties, you typically need a sizable down payment. Yet, this can sometimes prove difficult. What if you are just starting out and don’t have your first rental property yet? Don’t worry. Today, we will look at some of the budget-friendly ways to save up for your first rental property. How […]
09
May
May
In the world of real estate, knowledge is power! No matter where you are in your real estate investment journey, everyone can benefit from learning from the masters at MIT. Luckily for us all, MIT’s world-class instructors have shared much of their real estate investing-related knowledge with the public—for free! In this article, we reveal […]
27
Feb
Feb
Did you know that the country’s rent index increased at an annualized rate of 3.6% in 2017? At the time, that was a significant increase compared to previous years. However, since then, we’ve seen even larger increases. From 2021 to 2022, we saw average rents increase by 14.07%, one of the largest increases since 2017. […]
02
Feb
Feb
Getting into the rental property business is exciting, especially if you are a new landlord. With the dream of making money, whether just to supplement your current income or become financially independent from the grind of the corporate world, there is much to look forward to! Luckily, most people who make rental property investments succeed […]
26
Dec
Dec
Now more than ever, individuals are concerned with economic security. Investing in rental properties has the potential to be quite lucrative, but only if done the right way. That said, successful landlords often share the same traits and business practices that help them achieve their financial goals. Property management takes time, effort, preparedness, and solid […]
14
Nov
Nov
It may surprise some rental owners, but property management and property maintenance are not necessarily the same. For landlords, maintenance is just one item in a long list of responsibilities to keep a rental business running. Savvy investors look to professional management firms to maximize profits while avoiding the daily stresses associated with the rental […]
13
Nov
Nov
Many investors get drawn into the rental industry by the lure of passive income. After all, who would not be interested in extra money? Real estate is a solid investment, whether your goal is saving for a college fund, retirement, or added peace of mind. That said, investing in the rental industry is not without […]
19
Oct
Oct
The rental industry is governed by federal, state, and local landlord-tenant laws. Therefore, both tenants and landlords must understand their rights and responsibilities. Although tenants must hold up their end of the lease, landlords are held to a very high standard regarding habitability standards, building codes, and fair housing. Continue reading below as we examine […]
12
Oct
Oct
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 […]