As the title points out, this book is written for beginners. According to Lisa Phillips herself, her target audience is “regular, average people who want to know how they can find financial security through real estate investing.” Phillips also says this book “is for people who are interested in making money in a way that gives back.” Having …
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Of course, the environment is on your radar. You want to be eco-friendly, and you believe in sustainable living, but how does that apply to your rental properties? Here are some tips to be eco-responsible without wiping out your income. Energy Efficiency: Of course, this will have more of an impact if you pay the utilities, but there are advantages even if …
The big question – should I create an LLC (Limited Liability Company) for my rental investments? An LLC (Limited Liability Company) is a business that combines various components of a sole proprietorship, partnership, and corporation. It is typically a less complicated business entity than a corporation. It is also relatively inexpensive to create and provides …
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What does Las Vegas have to offer the rental property investor? PLENTY. The largest city in Nevada offers a beautiful, year-round desert climate that boasts more than 310 days of sunshine each year. A variety of additional perks include no state income tax, a low incidence of natural disasters, and a range of communities to please various lifestyles. According to Yahoo Finance, Las Vegas ranked as …
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Congratulations! You have decided to invest in a rental property. So, where do you go from there? How do you know which location is best? Let’s talk. There isn’t a magic formula. Neither is the answer the same for every investor. On the other hand, there are key issues to consider. Here are six essentials. Does the neighborhood primarily consist …
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Did you know that owning out-of-state rental property is gaining in popularity among savvy investors? While it‘s more convenient to own real estate close to where you reside, investing in property located in various hotspots can increase investment profitability. Tom Schneider shares four key reasons for purchasing an out-of-state rental property. To invest in geographic areas where population and job growth are robust. To diversify a rental property portfolio with markets that best …
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Inside Pack your “inspection kit.” Include a small tub of spackling, putty knife, marker and labels, small, lightweight electrical item, notepad, and pen. Go through and clean the rental – this is a fast clean to make repairs and maintenance easier. We’ll discuss a final professional cleaning later. Complete a thorough examination –starting at the front door and …
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Summer is coming soon, and the heat is rising in the Southwest. Preparing now will save you much landlord stress later. Of course, high on the list is ensuring your AC is ready to beat the heat waves. Have your ductwork professionally cleaned. It not only improves airflow, which cuts down on utility costs, but …
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One of the essential principles to successful real estate investment is learning about it before jumping on board. You don’t dive into a pool without knowing the water depth. Neither should you dive into the rental property market without seeking expert advice. There are, of course, multiple sources, but one that we highly recommend is the book Building Wealth One House at …
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When someone owns a business, they typically say their customers are their boss, and 5-star customer service is the key to company growth. The same principle applies when you are a landlord. The best way to engage and then retain great tenants, thereby keeping your investment producing cash flow, is to deliver top-notch customer service to your tenants. In …
