July is in full swing, and that means fun-in-the-sun season. Your tenants are flocking outside to enjoy the weather, cook up tasty meals in the backyard, and relax with family and friends around the pool.    But all this summertime fun can lead to an increase in personal injuries. Tenants rightfully expect that their safety will …

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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 …

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While people have always enjoyed playing and relaxing outside, the pandemic sparked a greater longing for well-situated outdoor living spaces. As vacation and travel plans were postponed in favor of staying close to home, the focus turned to enjoying the outdoors. Those who transitioned to work-from-home welcomed outside living space as well. This pining for spending time outside is expected to continue as part of the new normal.   …

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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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Memorial Day is an American holiday, observed on the last Monday of May, honoring the men and women who died while serving in the U.S. military. Memorial Day 2021 will occur on Monday, May 31.  The Civil War may have ended in the Spring of 1865, but the resulting heartache of loss and destruction hung …

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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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