Nobody knows what will happen in the future – so as the owner of residential real estate, even if you have a long-term lease in place with your tenants, there is a chance that they might not be able to fulfill it. One option that you may take if your current tenants need to move [...]
If you own equities like stocks and mutual funds, also owning investment real estate could be a nice way to diversify and “balance out” your overall portfolio. This is particularly the case when the stock market is volatile – a situation that has become more of the rule than the exception over the past few [...]
If you are considering becoming a residential rental property owner in Central Florida – or if you already own investment housing and you’re thinking about adding more to your portfolio – there are some things to consider about the area that go beyond just the price and square footage of a potential home or unit. [...]
When hearing the term “the American dream,” many people automatically think of home ownership. But for some, that dream may not be a reality – particularly in a market where paying above asking price has become the norm rather than the exception. One of the ways that some renters have been able to purchase a [...]
Over the past decade or so – and particularly since the COVID-19 pandemic hit the United States in 2020 – mortgage interest rates have been sitting at historical lows. This, in turn, has sparked a home buying frenzy, with many properties selling at far above their asking price, yet with low monthly payment requirements. As [...]
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 [...]
Do you really want to a landlord after you retire? A successful retirement has much more to do with bringing in an ample amount of income than it does with having a large net worth. So, if you own residential rental homes or units, you may be considering using the incoming cash flow from them [...]
In a hot real estate market where many properties are selling within a matter of just hours – some at $20,000 or more above the asking price – it may have crossed your mind to put your rental home(s) or unit(s) up for sale, and (ideally) walk away with a nice lump sum of cash. [...]
If you own one or more rental homes or units, you may find yourself going up against corporate rental agencies for tenants. But are these companies really your competition? In a word, no…at least not when it comes to personal service, as well as the manner in which many tenants are treated. A study published [...]
If you’re considering raising the rent on your rental property, one way to do so is to offer some upgrades that make the home or unit stand out to good quality tenants – and these don’t necessarily have to be costly. For instance, some of the best upgrades to make with your rental property to [...]
Throughout the years, sunny Florida has been known as a haven for seniors and retirees who flock to the area for its year-round temperate climate, as well as the long list of attractions, golf courses, beaches, and other amenities. As the owner of rental property in Florida, seniors can typically be excellent tenants who take [...]
While it might initially seem a bit far-fetched, the rising tension and Russian invasion of Ukraine is already having an impact on the U.S. housing market – which was already in the midst of a bubble – and in turn, it could even signal more potential renters for the home(s) and/or unit(s) that you have [...]
Is It Really Worth the Effort? Living in the Sunshine State definitely has its perks. The year-round warm temperatures are just one of the many enticing features. If you reside or own property in the Central Florida locale, you are apt to come across millions of visitors every year who come for the attractions like [...]
Coming up with what to charge for your rental property(ies) can mean the difference between finding (and securing) tenants right away or scaring off potential renters and having to carry the costs of an empty unit. There are several key factors that should be considered before you nail down an appropriate rent price for an [...]
While many residential rental property owners focus on leasing to tenants, in some cases, there may be a tenant who wants to eventually become an owner. Provided that you have an interest in selling, it is possible to set up a lease to own contract. As long as this is properly executed, there can be [...]
As the owner of residential rental property, how you have your lease agreement set up can be one of the most important components of your entire business. While having a carefully drafted lease may take a bit more time on the front end, it can be well worth it. Certainly, the necessary details in the [...]
With the U.S. stuck in a historically low interest rate environment for well over a dozen years now, it is expected that at some point in the near future, rates will rise. But, while that can be a positive move for bond and CD investors, what could rising interest rates mean for your rental property [...]
It’s hard to believe, but it is time to start thinking about filing taxes again. As an investment property owner in Florida, you may be able to take some significant deductions, which in turn can help you to keep more of your earnings in your pocket, rather than in Uncle Sam’s. With all of the [...]
The Internet can offer multiple advantages to rental real estate investors. Just some of these include the ability to show your vacancies 24/7 (without having to meet every potential tenant in person), as well as allowing applications to be completed and money to be collected for security deposits and monthly rent. In fact, for many [...]
Without raising the monthly rent! Owning residential rental property can provide you with a steady “passive” income source. But while many real estate investors rely on only the monthly rent as their incoming cash flow and profit producer, there are actually a number of other ways to increase your ultimate bottom line. These include bringing [...]
Even though the 2021 holiday season is still barely behind us, spring will be here soon – and that means that tax time is just around the corner. As the owner of residential rental property, you could be eligible for some nice income tax deductions. With the various changes that have taken place since the [...]
If you’re planning to add to your portfolio of Central Florida residential real estate investments in 2022, it is a good idea to first consider the anticipated outlook and trends for the area. That way, you will know better what to anticipate. According to the national real estate brokerage, Redfin, the housing market in Orlando, [...]
If you own residential rental property, then you likely already know that you must wear many “hats.” For instance, you need to advertise vacancies, screen potential tenants, and collect rent (and security deposits). There is also the day-to-day maintenance items, such as making sure that the property is habitable (which can include things like no [...]
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 [...]
Finding the right tenants for your rental properties can be difficult. But having an online marketing strategy in place can help to speed up the process, as well as locate potential renters who may be a good fit for your home(s) or unit(s). The good news is that there are some easy and convenient methods [...]
And when it doesn’t have to be returned at all! As an owner of residential rental property in Florida, it’s likely that you charge a security deposit before allowing a tenant to move in. If the tenant(s) abides by the lease, pays their rent on time, and keeps the home or unit in good shape, [...]
Many residential investment property owners allow their tenants to have pets in the home. But while doing so can open up the window of potential renters – as well as provide an opportunity to charge a higher amount of monthly rent - there are also some risks that could come along with doing so. These [...]
Owning rental property can allow you to generate a nice, regular passive income. But if you have to chase after your tenants every month in order to collect the rent, it can put undue pressure on your time and frustration level. The good news is that there are ways to automate the rent collection process [...]
It has often been said that it’s the little things that can make a big difference. This is true in both personal and business relationships – including between you and your tenants if you own residential rental property. The reality is that there can be a lot of competition in terms of where your tenants [...]
Anyone who has ever owned residential rental property has likely either had the “tenant from hell,” or knows somebody who has. Bad tenants can do a lot of damage to your property, which oftentimes requires expensive repairs and/or replacement of broken items. When advertising for a vacancy, it would be great to state a list [...]
Know the Difference Between Being Prequalified and Preapproved for a Loan Regardless of whether you’re buying a primary residence or an investment property, chances are that you’ll need to borrow at least some of the purchase price in order to get the deal done. With today’s low interest rates, this “cheap” money can help to [...]
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 [...]
