This deposit serves as a form of protection for any potential damages or outstanding rent at the end of the lease term.Most of the property management companies offer various convenient payment methods to ensure a hassle-free experience for tenants.

To make things easy, have them send it the proof of insurance in with first months rent.Also, would recommend 1-2mm dollar umbrella policy.I am a pretty frugal person but insurance is one thing I do not try to cut corners with.

Whether your objective is to generate rental income, create equity, or both, having well-defined goals can help you make informed decisions.Analyse your income, savings, and possible down payment in relation to your present financial status.

I am saving up for a down payment for my first rental property and I’m looking to do seller financing.

Why I would suggest you do it: Hiring a tax professional short cuts many people in building wealth as they often learn strategies from these folks that turn up the heat on their investing strategies.

I have a property manager that handles payments/tenant screening so I don't need anything too fancy yet, but I liked the dashboard visuals to see where things were at, and to be able to have all of my transactions and my PMs in one place for tax time.

If your loan is a short term loan with a balloon payment, then you are likely going to be required to refinance or pay off the balance. 

One apartment in the multiunit house is rented, and you plan to move into the other one to qualify for a better interest rate and lower down payment (25% vs. 5%).

Collect interest and payments over time while maintaining an interest in the property.1031 Exchange: Sell a property and reinvest the proceeds into a similar property to defer capital gains taxes.

Instead of using my $30k saved up to use as a down payment for my first 2-4 unit, I would keep that as my financial cushion while I make the switch to becoming a real estate agent.