Rental activity and trends for the Las Vegas Metro area as reported by Zillow Research – May 2024 Typical Rent: $1,828 (2.7% increase year over year) Single Family: $2,226 (3.3% increase year over year) Multifamily: $1,581 (1.7% change year over year) Observed Rent Index – Las Vegas Single Family vs. Multifamily – Las Vegas Observed Rent …
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While preventative maintenance minimizes rental unit repairs, property damage will inevitably occur. At a minimum, landlords must ensure their rental units are safe and habitable. Yet, many leases and laws invoke a higher standard. So, when a tenant submits a repair request, how quickly must a landlord handle it? Unfortunately, no blanket response covers all …
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If you own rental properties to earn passive income, The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom will be helpful! The author, Justin Donald, built his wealth through a series of passive investments and now shares his secrets via his books and Lifestyle Investor podcast. The Lifestyle …
As property values rise nationwide, property taxes continue to keep pace. While tax rates vary, a property’s assessed value heavily influences the property tax equation. Every jurisdiction has an appeal to handle inaccurate property assessments, but simply wanting a lower tax bill isn’t sufficient to file an appeal. So, when should you file a property …
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No matter how many units you own or who maintains them, being a landlord is rarely a solitary endeavor. Bookkeeping, tenant interactions, and upkeeping buildings require multiple skills. Hiring the right professionals can mean the difference between a thriving, growing business and a catastrophe. 1. Consider who you need in your network. Think through your …
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Rental activity and trends for the Las Vegas Metro area as reported by Zillow Research – April 2024 Typical Rent: $1,791 (2.1% increase year over year) Single Family: $2,183 (3.3% increase year over year) Multifamily: $1,541 (0.8% change year over year) Observed Rent Index – Las Vegas Single Family vs. Multifamily – Las Vegas Observed …
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Build-to-rent communities (also known as build-for-rent or B2R homes) aren’t new, but their popularity has escalated since the 2008 financial crisis. As the percentage of renters continues to increase due to competitive housing markets, elevated interest rates, and high student loan debt, build-to-rent homes offer an excellent alternative to apartments. Designed specifically with long-term renters …
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“No matter how good you are at finding real estate deals, you could lose everything if you don’t manage your properties efficiently.” This quotation embodies the purpose of The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits. BiggerPockets podcasters Brandon and Heather Turner, …
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There are many advantages to owning property in an unincorporated area. These areas lie outside municipal regions and property owners often pay lower taxes, enjoy more privacy, and have fewer regulations to follow. Property investments in unincorporated areas have downsides, as well. Fewer regulations mean greater flexibility in how you use your property, but it …
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You’ve spent hours carefully drafting a lease that specifies the critical details of landlord and tenant rights and responsibilities. Though the new lease seems fair and balanced to you, your vision may not align with your tenant’s needs. Now what? Negotiating a rental agreement acceptable to both parties is often challenging, but using the following …
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