Investments come in all shapes and sizes. The investors who see the most profit, boast a diversified, and intelligently put-together portfolio. In this post, we will explain exactly why you should diversify and what you can do to get started! Why Should I Diversify? When you diversify your portfolio, real estate or otherwise, you are […]
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Anyone can become a landlord. But not everyone knows how to find and keep quality tenants. To help increase your overall ROI, we have put together some ideas to help improve tenant retention! In the simplest terms, the more turnovers you have, the more days your property will be vacant. The more days your property sits […]
Are you thinking about buying your first rental property? Being a landlord can be a challenging experience. There are many things to keep track of, and one mistake can cost you. In our latest post, we have put together a checklist for the process of buying a rental property, the process of screening your tenants, […]
As a landlord, you will inevitably have to deal with the eviction process. It’s never fun, for you or the tenant. But there are ways to prepare, so you can make things go as smoothly as possible. Here are some do’s and don’ts to help you navigate the process. What You Should Do: Try to […]
Managing rental properties can be a lot of work! Once you have more than one, it can be tough to keep track of everything. Thankfully, technology is making owning rental properties easier than ever. There are many different types of software out there designed to help you keep it all together. In our latest post, we’ve […]
Some people go into multi-family investments thinking it will be a breeze. After dealing with collections, maintenance, complaints, and repairs they will soon realize, being a landlord is a lot of work! At what point should you hire a property management company? It is a decision many landlords face. Do the benefits outweigh the cost? […]
If you own a rental property, you’ll need to know how to handle and resolve tenant conflicts. You will experience both conflicts with tenants directly, and also have to mediate between tenants if you own a multi-family property. Tension and fighting between neighbors will be stressful for all parties. It pays to be proactive in resolving […]
Owning a rental property can be a great way to earn additional income. However, you’ll need to abide by the book in order to avoid conflicts and keep the peace. As a landlord, you will need to collect and handle rental deposits when tenants come or go. It can be an area of contention when tenants […]
In order to take advantage of the up-to-$500,000 exclusion of gain (or up-to-$250,000 if you file a tax return as a single taxpayer) the house you sell has to be your “principal residence”. Under most circumstances, we do not need a legal definition of this concept. “This is my house, and I have lived here […]
Question. My wife and I are retired and are in our seventies. We have two children, and our house is currently worth approximately $300,000. We purchased the property many years ago for $32,000, and currently have a very small mortgage and a $40,000 home equity loan. We are debating on whether to sell the house […]
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