Successful rental owners follow these guidelines to ensure the success of their rental, and maximize their owning experience. 1. Treat your rental property like a business… because it is a business! 2. Have a financial reserve set aside for the “unexpected.” Placing...
Looking for a way to build your wealth through investments without playing the stock market? If so, investing in real estate is the best way to go. Take it from a group of millionaires who made their fortunes this way—property is one of the most stable forms of equity...
There are many exciting and interesting things to learn about being a landlord. But, one of the most often overlooked topics is rental property tax deductions! As a new or experienced landlord, you need to take the time to become a master of your taxes to ensure...
The COVID-19 crisis has left millions of Americans in a tight financial spot. Many have been furloughed, laid off, or had to close their businesses. Others are saddled with medical bills from hospital stays or are dealing with grief from losing a loved one to the...
The COVID-19 pandemic has put over 40 million people out of work in the US–a full quarter of the labor force. While there are no reliable estimates as to how many of these people are renters, we do know that nearly 50 million people in the US rent their homes. ...
Landlords often face tough decisions with tenants from time to time. One of the hardest and most frustrating experiencing is having to evict a tenant in Florida. Florida landlords will not need to hire an attorney for this process, but there are specific...
The real estate field can be a tricky one to navigate, but it can also be an exceptionally lucrative field. Though there are many success stories from DIY landlords, there are also many not-so-successful ones. Learning the top 5 mistakes that DIY landlords make can...
Did you know that there are over 48.5 million rental units in the US? While there aren’t many accurate statistics on how many landlords there are, suffice it to say that that million rental units means that there are quite a few landlords across the US. If you...
Hurricanes tear into Florida every year bringing a lot of trouble for your rental properties. But if you prepare for the hurricane ahead of time, you will be back to business afterward without so much problem. What can you do prepare your properties for a hurricane?...
Even though it was once a hobby only associated with old women, gardening is seeing a massive spike in popularity right now. What may surprise you is that the largest increase in gardening is happening among young people, primarily millennials. The issue is that while...
It is extremely crucial to ensure that you screen your tenants and pay attention to red flags early on. When you are able to identify problematic tenants in the early stages, it can reduce the likelihood of evictions and other extreme issues later on. Here are a few...
Managing rental properties can be incredibly rewarding, but it certainly comes with its fair share of stress. Following the appropriate steps can help to ensure success in your rental properties. For more assistance in optimizing your profit from your rental property,...
The time between tenants is a great time to make upgrades to your rental property. Not only will upgrades help to reduce the likelihood of vacancies, but they can even allow you to charge more in rent. Here are some of the best rental property upgrades that you can...
Move out inspections are incredibly beneficial and are designed to be helpful for both landlords and tenants. It is crucial to perform both move in and move out inspections to protect your investment. In most situations, regular wear and tear is to be expected, but...
Managing a rental property takes up a significant amount of time and energy, though it can be a particularly lucrative investment. There are many mistakes that new landlords may make, but understanding these mistakes can help you to avoid them. Here are a few of the...
Moving can be an incredibly stressful process, especially when you’re on a time crunch. Preparation is often the most valuable way to simplify your moving process and ensure everything goes as smoothly as possible. Here are a few tips to help you have a successful...
Whether or not to allow pets is an argument that many landlords have had to debate for their own rental property. There are both pros and cons to allowing pets in your rental properties, so it can be exceptionally beneficial to do your research prior to making a...
There are many reasons that homeowners turn to renting out their property. This can be due to an inability to sell the house at the price you need, an inheritance of property you don’t want to sell, the desire to supplement income as a landlord, along with many...
A real estate investment is one of the best investments an individual can make. Becoming a DIY landlord is an increasingly popular avenue for investors everywhere. A rental property will bring in regular income and there are other ways that a real estate investment...
Tenants will have times when there are maintenance emergencies. Landlords often try to get to these repairs and requests quickly, but there are certain laws pertaining to maintenance emergencies. What does qualify as a maintenance emergency? There are some...
Do you dread all the work that goes into managing properties? Have you dealt with tenants paying late? What about emergency phone calls for broken appliances, flooding, and other emergencies? Are you tired of driving often just to get to your property? Dealing with...