Here’s what you need to know first! As a residential real estate investor, it is possible that you keep your eye on properties that are either going into foreclosure or that are already foreclosed upon and may still be purchased – oftentimes at a steep discount. But, while some foreclosures can certainly offer the opportunity [...]
With properties still selling in many areas at above asking price, a significant number of would-be homeowners have been forced to remain on the sidelines – at least for a while longer – and continue to rent their living space…and as a residential rental property owner, this can be profitable for you, particularly if your [...]
While many rental property owners keep their real estate investments close to home, that isn’t the case for others. One popular area to own residential rental homes or units is Orlando / Central Florida, due in large part to its long list of attractions and its year-round temperate climate. Although long-distance rentals can certainly be [...]
Here is the #1 most profitable improvement to make in 2022 If you’re considering making some improvements to your rental home(s) or unit(s), you may have visions of granite countertops and shiny stainless steel appliances in the kitchen, or brand new bathroom faucets and showers. But you may be surprised to learn that none of [...]
Even with the most careful tenant residing in your rental property, at some point items, fixtures, and appliances will have to be repaired or replaced. Sometimes, it can be an easy fix. But in other cases, the cost can add up. So, who’s responsibility is it to pay for these things? The answer is it [...]
With life expectancy being longer today, it is not uncommon for people to spend 20 or more years in retirement – with much of that time being active and pursuing new opportunities. But if you’re receiving Social Security retirement benefits prior to reaching your “full retirement age,” other income streams could trigger taxes on [...]
If you’re looking for ways to make your rental property stand out – as well as strategies for charging higher monthly rent – you may have considered offering furnished units. But, while doing so could be more enticing for potential tenants, it may or may not necessarily be the best or most cost-effective way to [...]
As the owner of residential rental property, it’s a given that a home or apartment unit will require cleaning when a tenant moves out in order to get it up to par for the next. But depending on how your property looks upon inspection, determining the lines between what is normal and what is excessive [...]
If you’ve owned residential rental property for any amount of time, then you are likely well aware that repairing and replacing appliances and systems just goes along with the territory. Unfortunately, though, while you want to make sure that tenants are happy, how much do you really want to spend out-of-pocket on big repair bills? The [...]
If you’ve owned rental property for any length of time, then it’s likely that you’ve received at least one call from a tenant, informing you that the air conditioner is on the fritz, the dryer is only blowing cold air, and / or the refrigerator isn’t keeping food cold. While these types of calls can be [...]
While owning rental property in Central Florida can certainly be a profitable endeavor – and a great way to earn “passive” income – being a landlord isn’t quite as easy as the late night real estate informercial gurus make it out to be. In fact, there are a number of common mistakes that are made by [...]
If potential tenants are passing your rental property by for other, more updated options, it may be time to consider making some renovations to your offerings. But where can (or should) you spend good money that truly pays off? There are actually a few areas of note. In most cases, providing updates to the kitchen [...]
As the owner of residential real estate, it is typically expected that tenants will exert at least some amount of wear and tear on your property. Just some examples of this can include the fading of paint (both exterior and interior), small nail holes from pictures that were hung, loose door handles and / or [...]
Although it’s been said that the three most important criteria in real estate are location, location, location, if you are in the process of evaluating a rental property to purchase, there are actually a few more key items that you need to keep in mind – particularly if you want to turn a profit right [...]
All investment property owners know that purchasing and maintaining these assets can take money - but just how much money you spend, as well as how much you can command in rental income, may be more in your control than you think. While you want to keep your property looking nice, there is also a [...]
If you've owned rental property for any length of time, you know that there are times when it can be difficult to acquire tenants, much less command a premium figure for your property's monthly rent. But the reality is that, by making just a few simple renovations, you can draw in top-quality renters, who will [...]
It's no surprise that rental properties can take a beating, and because of that, it's important to ensure that you have highly durable materials in your investments - particularly in areas like flooring. Otherwise, you could find yourself repairing and / or replacing items on a regular basis (which in turn, can significantly cut into [...]
Are you a Landlord, or a property owner looking to save yourself some money? Today we are sharing three tips that will help maintain your tenants roof in tip top shape! Today's blog post is a guest post from Over the Top Roofing, a veteran-owned roofing company here in Orlando. We'll be back to our [...]
If you've thought about becoming a landlord, but you haven't quite taken the plunge yet, there are some things that can be helpful to know before you get started - and if you already own rental property, it can still be important to take note. While investment real estate can be a profitable endeavor, it [...]
If you've just recently purchased a rental property, or if you have a tenant who is moving out, there is likely at least some amount of work that you'll need to do prior to advertising for the next tenant. But, while you may want to provide a property that is appealing - and that will [...]
Unfortunately, it happens. Even with the best of screening processes in place, there can still be times when you must deal with "nightmare" tenants. You know the ones. If you haven't had to deal with them personally, you likely know someone who has...or you, yourself, will someday if you continue to own rental property. When [...]
As the owner of rental property, the last thing you want to hear is that something needs to be repaired - or worse yet, that a major system in the property needs to be replaced. The thought of this alone can send panic into your mind. But the truth is that rental property repairs are [...]
For more than 65 years, the Baby Boomer generation has had a substantial impact on the United States economy. Nearly every industry has been affected - and housing is no different. As this group moves into their retirement years, many will be looking to rent. This is especially the case in areas such as Florida, [...]
As the owner of rental property, it can be both rewarding and difficult to keep your tenants happy. Although most of your renters will typically never make a complaint, if or when the time does arise, it is important to get the issue handled as quickly and as professionally as possible - regardless of how [...]
As a property owner, there are many ways that you can control your expenses, while at the same time still adding value to your investments. When considering what needs to be done on various properties in terms of fix-up and maintenance, it will be important to decipher that fine line between cutting costs and truly [...]
In nearly every investment property owner's life, there will come a time when a tenant moves out and you will have to consider a remodel project - or at least do some type of upgrades - before your next tenant moves in. It just happens. Things get old, broken, or outdated and need to be [...]
There are many real estate investors who prefer to invest in commercial properties over residential. This is because these types of properties can provide numerous opportunities for income, as well as for appreciation. Prior to investing in commercial and industrial buildings for income, there are several important criteria to consider. First, just as with any [...]
In order to truly profit from investment property, purchasing the right property - and even locating the right tenant - is really only half the battle. The other half is keeping those great tenants happy so that they continue to renew their lease and remain in your property for the long term. But the question [...]
When just starting out in real estate investing, many investors are unsure as to what type of property to focus on. In order to determine the best type of property to purchase, however, the answer will depend on the goals that you have set for your investing overall, as well as the amount of time [...]
Is water heated by a free hot water heater any less hot than one you purchase? Unless you’re a rap superstar, you probably don’t like spending money you don’t have to. And, unless you have a religious issue with it, odds are pretty good that you enjoy getting stuff for free. Luckily for you, if [...]
This blog post is intended to provide some guidance in how to get rid of fleas. As a forewarning, I'm not a pest control expert, biologist, or entomologist. I'm just a guy who has been inside a lot of rental homes... and a lot of them have had fleas. If you’re like most people, blood-sucking, [...]
It’s been a hot summer here in the City Beautiful, and we still have about a month and a half to go with the thermometer hovering over 90 degrees. Despite technically being considered ‘fall’, September is often one of the hottest months of the year in Central Florida, forcing many Floridians to spend hundreds of [...]
They say that the only certainties in life are death and taxes. I think it’s safe to add a third item to that list: Property repairs for landlords. If you own a rental home, at some point you will have to repair, replace or perform some other time of maintenance on your property. But, don’t [...]