Your Guide to Self Showings
Thursday, July 01
One of the most difficult aspects of real estate investing is filling a vacancy. You are going to be spending hundreds or thousands of dollars to clean and rehab the unit, in addition to missing out on missed rent. For me, the most time-consuming part of filling a vacancy is showing the unit to p...
Breaking Down the 1031 Exchange
Thursday, June 10
A 1031 exchange (also called a Stalker exchange or like-kind exchange) is a way to defer the capital gains taxes and the depression recapture of an investment property to another like-kind investment. Like-kind refers to the type of investment meaning you can not exchange real estate for a busin...
5 Home Improvement Skills Every Property Owner Should Master
Thursday, June 03
Having some light handyman skills will come in handy (pun intended) when you own and manage an investment property. While you don’t need to know everything about all aspects of construction and rehab, it is important to know a little bit about a lot of topics. When hiring a professional, not onl...
Top 3 Ways to Keep Tenants Happy (and paying)
Thursday, May 27
Having a happy tenant who keeps renewing their lease is a dream come true. These dream tenants will typically give you fewer hassles, and be more open when issues arise. After all, every month of vacancy is 8% of the annual rent you are missing out on. Having a good tenant renew their lease will ...
Great Ideas for Low Maintenance & Xeriscape Landscaping
Thursday, May 20
Landscaping is a necessary evil when it comes to real estate investing. Depending on the property, renters might want (or expect) a plush grassy front yard with well-manicured hedges, or they might not care at all and prefer to park on that same grassy front yard. Like most things with real estat...
HOW TO DETERMINE MARKET RENT
Thursday, May 06
Whether you want to see if you are currently charging the correct amount for rent, you have a tenant moving out, or analyzing a property to purchase, determining the market rent is critical. Since multi-family properties are priced based on income, charging the correct rent is crucial for the lif...