It’s a great way to maximize rental income while offering a unique solution to tenants.- Value-Add Investments: Beyond cosmetic upgrades, think about adding amenities like solar panels, EV charging stations, or smart home tech.

How have you made that decision for your prior primary residence to rental properties?

STR rental was $3,500 to $6,000 per month, depending on season.

These are our first two rental property purchases.

I'm planning to turn it into a rental and was wondering if I should consider hiring a property manager for my first rental.

.: I’m currently renovating a rental property and exploring ways to manage costs without compromising on quality.

Signing the lease demonstrates they agree to the terms and then you can hold them accountable.If you don't do this, then the person named on the lease and paying the rent could disappear and you would have no legal authority to charge the remaining three for unpaid rent.

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

When you own a rental, you can depreciate the property over 27.5 years.

We were able to buy home in AZ and living in a rental in Calif.