Which is the better investment? If you’re planning to expand (or start) your real estate investment portfolio, you may be considering whether it makes sense to purchase single family or multi-family units. Both options can provide you with some nice benefits. But not all types of property are right for all residential real estate investors. [...]
Owning investment real estate can require a significant amount of up-front – and ongoing – investment, including a monthly mortgage payment, as well as maintenance and insurance costs. So, the last thing you want is for a tenant to damage or destroy anything in or associated with the property that will cost you both time [...]
The residential rental property business is highly competitive – especially in areas like sunny Central Florida, where people come from far and wide to vacation and oftentimes end up coming back and staying for months or even years. In many cases, it is wise to rent a home before making a long-term commitment to purchase. [...]
Florida can be a great place to own rental property. With the year-round warm weather – along with the myriad of things to do, such as going to the beach and visiting the theme parks – the Sunshine State oftentimes “lures” visitors in and turns tourists into part- or full-time residents. Before purchasing a home, [...]
As inflation pushes the price of goods and services up, it can become more difficult to keep your purchasing power on pace if the amount of income you generate stays the same. For some people, annual raises from an employer can help. But what about investment property owners? In this case, it may be necessary [...]
With so much competition for rental property, you may be considering ways to make yours stand out, as well as offering more “perks” that can allow you to charge a higher amount of monthly rent. One way to do that is to provide added amenities – which can include furniture. A furnished house or apartment [...]
With homes selling so quickly these days – and often above the asking price – you may be considering whether or not to put a For Sale sign on your rental property(ies). But before you do, make sure that you consider the pros and cons. One of the biggest items to think about is how [...]
Over the course of time, it’s pretty much a given that items in a home will require repairs or replacement. Appliances and HVAC systems typically have a certain life span. The shingles on the roof may break or blow away – especially in areas like Florida where hurricanes regularly occur. Likewise, kitchen cabinets, sinks, and [...]
The Coronavirus pandemic has brought about numerous changes. One of these is record low mortgage rates – and because of that, the U.S. housing market has been on the rise. In fact, as of mid-August (2020), sales of existing homes jumped by roughly 30%, following a three-month slump, and leading to a seller’s market. Housing [...]
Florida is a great place to own rental property. For those who are on either of the coasts, both short and long-term rentals can be quite lucrative with snowbirds and families seeking a warm climate and the sound of the ocean waves. The central part of the state is also a filled with opportunity for [...]
With the 2020 hurricane season squarely upon us, most homeowners and tenants alike are concerned about making preparations and staying safe. One of the most common methods for keeping windows and doors in-tact is the installation of hurricane shutters. These shutters – which are typically affixed to the outside of a structure – are used [...]
With the recent spike in Coronavirus cases, expanding your rental real estate business may not be the first thing on your mind these days. But for investors who are in a position to do so, there could be some added perks based on the provisions of the CARES Act legislation. The Coronavirus Aid, Relief, and [...]
One of a rental property owners worst fears is incurring damage and/or vandalism on an investment when a home or unit is unoccupied. There are any number of risks that could be incurred on a vacant property – such as burglary, storm damage, or fire – and sometimes these can go undetected for a much [...]
While many residential real estate investors place a key focus on generating income, it is just as important – if not more – to increase the value of your property(ies). One reason for this is so that you can ultimately increase the amount of rent that you charge. But there can other nice benefits, too, [...]
The COVID-19 pandemic has changed the way we work and live, possibly far into the distant future – and because of that, both homes and businesses will need to either adapt or face an uncertain road ahead. With that in mind, how can residential rental property investors appeal to potential new tenants, and keep current [...]
With the roller coaster stock market movements over the past several months, it is not uncommon to see daily – or even hourly – up and down swings in the three- and four-digit range. So, if you have any equity and/or other market-related holdings, you may be worried about how these unpredictable stock market shifts [...]
Most rental property investors have two common goals – to attain passive monthly income and to build equity so that they can eventually sell at a profit. But unfortunately, many of these same investors pay much more tax than they have to, which can end up “costing” a great deal of money over time. In [...]
As most residential investment property owners know, it is typically much easier to keep your current tenant(s) in place than it is to go out and find new ones. So, if your renters have been impacted by the COVID-19 crisis, it is possible that they may have trouble with their rent payments going forward. In [...]
As we continue to move through our “new normal,” it is clear that many types of business transactions will take place online going forward. This includes how we advertise investment property for potential new tenants. But with so many sites available on the Internet, how can you narrow down the best ones? Here are three [...]
As we continue to grapple with our “new normal” during the COVID-19 outbreak, there are many areas of life where things that we once took for granted have now morphed into much more detailed processes. Take, for instance, stopping by the grocery store to pick up a loaf of bread and (hopefully) a few rolls [...]
The COVID-19 virus has affected the way we work, shop, and learn - and even the way we live – not just in the U.S., but around the globe. Yet, there are many people who might still be in transition now and require a new place to call home. With that in mind, is [...]
While most of the country is staying home to help stop the spread of the COVID-19 (coronavirus), others need to continue conducting business as usual – and this includes rental property owners and landlords. So, how can you safely show rental property in Florida to prospective tenants during these challenging times, while still maintaining social [...]
Life as we know it has changed drastically over just the past few weeks due to the Coronavirus. While this pandemic has had an impact on our personal lives – such as steering clear of most public places and practicing social distances – it has also affected the income of rental property owners in Florida. [...]
