Understanding the Tax Benefits of 1031 Exchanges
Saturday, February 08
As lucrative as real estate investing can be, Uncle Sam is right there to take his cut when it's time to reap the profits. As capital gains are taxed at the federal level at around 20%, they cut deeply into your earnings. By using a 1031 Exchange as an investment strategy, the IRS allows you to ...
Pros & Cons of Section 8 Rentals - Are They Worth the Investment?
Tuesday, December 10
Part 1 What is Section 8? Section 8 of the Housing Act of 1937, referred to as simply Section 8, is a government-subsidized housing program for tenants that need financial assistance. Though the program has seen many changes since inception, under the current voucher system, tenants accepted to t...
How Much Does an Eviction Really Cost You?
Tuesday, November 19
Evictions are disruptive and expensive to your real estate rental business, but stay in the industry long enough, and you’ll no doubt be faced with one. As a property owner, you may have a laundry list of reasons for getting rid of a bad tenant, commonly it is for non-payment of rent. A thorou...
Pet Friendly Rentals, Pros and Cons
Wednesday, October 09
Some landlords are dead set against allowing pets in their rentals. They don’t want the hassle of extra cleaning or repairs that may be needed as a result. While these are real Issues to keep In mind, there are plenty of benefits to allowing your tenants to move in with their pet. If you’ve b...
Building Rapport with Prospective Tenants in a Digital World
Thursday, September 26
The youngest segment of renters grew up in the world of cell phones, texting and social media - pretty much instant communication. Kindergartners are navigating the digital highway on smartphones and tablets almost as efficiently as the nerd police in the electronic section of popular big box sto...
Property Management Mistakes, Part V: Collecting Rent & Evictions
Wednesday, December 03
There's not a landlord that's been in business for long that hasn't had a tenant fail to pay on time or at all. When it happens, the speed and consistency of the landlord’s response will statistically dictate their success. State laws vary, but there are really only two types of actions a landlor...