Depending on how many rental properties you own, you may treat your real estate investing as either a personal “side gig” or as a full-fledged business. But in any case, the way in which you own your rentals could protect you financially, or on the other hand, put you at substantial risk if certain incidents [...]
If you’re thinking about expanding (or starting) a rental property business, now (in 2021) could be a great time to purchase – especially given that current interest rates are still at historically low levels. But what if you have an ample amount of cash available? Does it make sense to do an all-cash transaction and [...]
For centuries, owning investment real estate has been the key to unlocking regular passive income, along with increasing net worth through equity. But, while the concept of being a landlord is simple, it is far from easy. That’s why it is important to follow some proven tips that can help you to increase your odds [...]
If you’ve spent any amount of time in the Sunshine State, you are likely well aware that the Atlantic hurricane season runs from June 1st through the end of November, with the peak being mid-August to early October. For those who own investment property in Florida, this time of year can be particularly daunting, as [...]
Even if owning a home is more affordable for them With mortgage rates continuing to languish at historical lows, millions of renters across the U.S. may be taking a closer look at their housing options – especially as it relates to their monthly payments and the build-up of equity. In fact, according to a recent [...]
Just as many restaurants and other businesses in the U.S. have started to open back up, the “new” COVID-19 Delta variant is picking up steam – leaving many to wonder when or if the pandemic will ever end. With new lockdowns in Asia and Australia, it is likely just a matter of time before the [...]
If you’ve ever watched the late-night informercials that talk about buying and profiting from real estate “in your underwear,” it might seem this type of investing is easy and allows you to just sit back and watch the profits flow in. But while investment property can certainly be a great way to receive regular cash [...]
For many people, pets are part of the family. So, by not opening up your residential rental property to pet owners, you could be eliminating a significant percentage of the potential tenant pool. On the other hand, some pets can cause damage to floors and other areas of your investment property. With that in mind, [...]
In 2020, with the COVID-19 pandemic sweeping through the U.S., thousands of jobs were lost, and businesses closed, in turn, impacting the income of millions of people from coast to coast. In order to help ease the financial strain, the Federal Centers for Disease Control and Prevention (CDC) ordered landlords from evicting tenants for non-payment [...]
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 [...]
Investing in residential real estate goes far beyond just purchasing homes and finding tenants to live in them. Being a property investor is a business – regardless of whether you own one unit or hundreds. So, in order to better ensure success, there are some property management tips that you should ideally follow. These include: [...]
The COVID-19 pandemic has been difficult for many types of businesses. But some real estate investors have been hit particularly hard, as rent moratoriums have been in place for more than a year now. In fact, the CDC’s latest order has extended the residential eviction ban until at least June 30, 2021. Through this order, [...]
With the upcoming hurricane season quickly approaching, there are some ways that you can prepare ahead of time to protect your investment property – as well as to protect your tenants. Taking certain types of precautions can save you from having to make costly repairs in the future. It can also prove to your renters [...]
If you own one or more rental properties, it’s possible that you have built up some equity in these investments. So, if you’re looking for a way to finance additional real estate and/or to make some renovations, is taking a home equity loan or line of credit a possible option? The answer is yes… But [...]
As the owner of residential real estate, one of your worst fears is having a unit or property sit empty for an extended length of time. That’s because you are not only losing an income stream, but you may also be paying carrying costs such as the monthly mortgage payment, utilities, and insurance. But in [...]
If you’re a Florida investment property owner and you’re preparing to file your taxes for 2020, it is important to know where you may be able to get some relief in the form of deductions and/or tax credits. Before moving forward, though, you must first consider what type of investor you are. For example, if [...]