If your property includes a heating, ventilation, and air conditioning (HVAC) unit that’s been in place for a while, be aware that a problem with the equipment may become more complex than a simple repair. Many older appliances contain a refrigerant called R22 that is being phased out, triggering supply shortages and increased hassle and …
Continue reading “How Will the R22 Phase Out Affect my Rental Property?”
As a landlord, it’s essential to be in the know about the many rules and regulations that impact the rental property business. And one of those need-to-know situations involves emotional support and service animals. While most people are familiar with service dogs, they are less knowledgeable about emotional-support animals. A common misconception meshes the two …
Continue reading “Managing Tenant Scenarios with Emotional Support and Service Animals”
What could be better than on-time rent payments made simple for both sides of the property rental equation? Every landlord’s dream, right? It can be downright appealing to tenants, as well. That’s why offering and encouraging the option of automatic monthly rent payments can make everyone’s life simpler. And in today’s chaotic world, any dose …
Continue reading “5 Strategies for Encouraging Tenants to Set Up Automatic Payments”
Renters come in all varieties. Those who keep a pristine home and those who struggle with too little time to devote to housework. The sentimental collector and those who prefer the lived-in look. The packrat and those whose disorganized, chaotic clutter may reach the point of causing a hazard to themselves or others. Wise landlords …
Continue reading “Clutter vs. Hoarding: How Much Junk is Too Much?”
The U.S. economy has been fluctuating, with inflation reaching its highest rate since the 1980s. The continuing Covid-19 pandemic has put further pressure on the economy as well. The real estate industry has also faced rising loan costs, which impact investment strategies and rental prices. Thus far in 2022, the Federal Reserve has raised the …
Continue reading “Rising Interest Rates: What Does This Mean for Landlords?”
Our review on a worthwhile read for real estate investors –particularly beginners. Written by Amanda Han and Matthew MacFarland, CPAs and real estate investors, The Book on Tax Strategies for the Savvy Real Estate Investor shares valuable advice and insight on the tax angle of real estate investing. Written in an engaging, lets-have-coffee style, Han …
Continue reading “The Book on Tax Strategies for the Savvy Real Estate Investor”
Ah, the wonderful world of owning rental property. While it can indeed be a money-making venture that can build wealth over time, it’s an endeavor that should not be entered into lightly. There’s no place in the world of land lording for a ho-hum, whatever-whatever attitude or approach. And the folks who jump headlong into …
The success of a landlord’s rental property business hinges on finding tenants. But not just any tenants, great tenants who will pay on time, respect the property, and in the best-case scenario, become long-term renters. Unfortunately, finding these great, potentially long-term renters will not be a one-and-done proposition but a routine part of managing a …
Continue reading “Identifying Great and Not-So-Great Potential Tenants”
Tenant Appreciation: Celebrate Back-to-School Time You know that part of investing in rental properties is the investment you’ll make in the tenants who reside in said properties, right? Because to bring in the steady stream of income that will keep your rental business operating in the black requires satisfied, preferably long-term tenants. And that scenario …
Continue reading “Tenant Appreciation: Celebrate Back-to-School Time”
Loopholes of Real Estate is from the Rich Dad’s Advisors series. In this look-before-you-leap guide to real estate investment, Sutton shares advice for reaping the financial opportunities available in real estate – providing that you check the water depth before diving. In other words, don’t enter the realm blindly – learn the system. Sutton doesn’t …
Continue reading “Book Review: Loopholes of Real Estate – by Garrett Sutton”
