Owning rental property can be a lucrative investment, but only if managed effectively. As the rental industry grows, more investors are looking to this sector for passive income opportunities. However, with reward comes a certain amount of risk. While valuable tips for new landlords are everywhere, a crucial part of success is understanding what not […]
Tag Archives: financial mistakes to avoid in rental properties
14
Sep
Sep
Operating a rental business requires owners to establish many different processes to remain organized and efficient. Of these, one of the most vital is financial record keeping. That said, failing to maintain organized data as your portfolio grows can quickly become overwhelming and spell disaster. For landlords, choosing the right bank for your business is […]
27
Aug
Aug
When it comes to finances, either personal or business, there are a lot of moving parts. If you add on investment properties as well, it can quickly become overwhelming. Part of being an efficient and responsible landlord involves maintaining impeccable financial records. Additionally, these records become invaluable in instances of tenant or vendor disputes […]
17
Feb
Feb
Have you ever considered the fact that owning a rental property may not be a safe investment, as you may have been told? If not, it is time you started. This is not to dissuade you from wanting to invest in rental properties. In fact, it is far from it. The important takeaway here is the […]