98 articles on investing in rental properties, written by the team that manages 700+ rental units across the Columbus metro. Page 4 of 5.
Choosing to sell your home or rent it out for income requires you to make a financial calculation, but more than that, it also requires you to make some emotional decisions. Before sitting down with a spreadsheet to run the numbers, first have a heart-to-heart with yourself and really think through
Read the article →Predicting cash flow on a rental property requires you to make certain assumptions about income and expenses. Whereas predicting income can be more straightforward, understanding expenses can feel rather ambiguous. We often get asked if there is a good rule of thumb for predicting operating costs on
Read the article →Turning your single-family home into a rental property can be a good way to bring in additional cash flow and capitalize on other benefits and incentives that come with owning real estate. A question many property owners have, however, is how they will finance their new home if they choose to rent o
Read the article →When you’ve owned a property for more than seven years (either living in it or not), you’re often sitting on a good chunk of equity. When you find yourself in that position, a common question that flits past one’s mind, should you hold onto the property and rent it out for income or sell
Read the article →There are numerous tax benefits to investing in Ohio real estate, and these benefits are a big reason many investors choose to diversify their portfolio by purchasing single- or multi-family rental properties. Below we’ll discuss several tax implications and benefits of investing in real estate in C
Read the article →Navigating insurance options is always tricky no matter the type of insurance. For property investors, wading through the numerous insurance coverage offerings and policies can feel especially overwhelming, but it’s imperative to protect yourself against property losses, claims from a tenant, or pot
Read the article →Whether you already own real estate in the greater Columbus area or are from out of state and looking to expand your portfolio, Central Ohio has a lot to offer in terms of boosting your portfolio. As home to one of the largest universities in the country, a strong tech industry and plenty of arts
Read the article →Operating costs consume a large portion of your monthly expense budget, and they’re likely to only go up, especially if you do nothing. Rising energy costs and inflation make managing the day-to-day necessities of property ownership in Columbus challenging. That’s why it’s imperative to find ways to
Read the article →Turning over rental units is a big part of owning and managing investment properties. The more rental units you own, the more frequently you’ll be doing this, so it pays to create an effective workflow that can easily be replicated time and again by you or your staff. Below are a few tips for stream
Read the article →Investing in rental properties is a good way to generate income, but it also comes with expenses, the biggest of which are generally maintenance expenses. While staying on top of routine maintenance is one of the best ways to prolong the life of your property and appliances, you will still encounte
Read the article →Multifamily real estate properties fill an important housing role in communities like Columbus. Rental properties in this niche can serve everyone from a group of friends to a multi-generational family all living under one roof, and everyone in between. They are also good properties to add if you wa
Read the article →Investing in real estate has always been a great way to build wealth. You’ve likely heard Andrew Carnegie’s famous quote: “Ninety percent of all millionaires became so through owning real estate.” Some of the reasons real estate is such a good investment is because the asset itself, your building,
Read the article →Your investment properties should be income generators, not a drain on your time, money, and, yes, we’ll say it, sanity. If your property isn’t working for you, it’s past time to make some changes. The question is, should that change be selling off your properties for a quick payday, or turning to
Read the article →The traditional thinking in residential real estate is that a property is worth what someone else is willing to pay for it. And while that’s undeniably true, the answer of what a property is worth is different when it comes to commercial real estate. The kicker: with good property management, you ca
Read the article →Most people pursue real estate investment opportunities because of the economic returns they can bring, not because they enjoy receiving middle-of-the-night tenant calls. But whether you own one property or 100, you know that each unit’s ROI potential can be impacted by a host of factors, including
Read the article →Investors have a lot on their plates, and a big priority is ensuring that their units are filled quickly and turnover stays low so that a steady stream of income continues to flow in from their investments. In terms of filling vacancies, there are several ways to handle it: do it yourself, outsource
Read the article →Your lease is designed to protect you as a property owner as well as your tenants by thoroughly addressing the rules, policies, and procedures for living in a rental property. Within the lease, you should delineate who is responsible for what, and the terms for each of those responsibilities, includ
Read the article →Before investing in real estate, it’s important to conduct a cash-flow analysis to understand your anticipated income and expenses for a given property. For new investors or new-to-the-area investors, it can sometimes be difficult to accurately predict what that cash flow will be. As a property mana
Read the article →If you’re looking to buy an investment property in the greater Columbus area, one of the biggest questions you likely have is how much money will the property make? On a monthly basis, what can you expect your cash flow to be? When looking at cash flow, there are two major components to consider.
Read the article →Your investment property relies on a steady stream of monthly income in order to meet your own financial obligations as well as generate revenue, but one thing a lot of people may not think about when it comes to receiving rent and other payments from their residents is the order in which those paym
Read the article →Whenever we are confronted with a new situation, we like to approach it with first principles reasoning. If you have not encountered it before, it’s a simple enough concept: a first principle is a basic assumption that cannot be deduced from any other assumption, in other words, boiling things down
Read the article →At RL Property Management, we maintain a database of several dozen fields of data for each unit that we manage throughout Columbus and Franklin County Ohio. Three of those data fields include the square feet of the unit, the market rent of the unit and the zip code. The following is the average mark
Read the article →RL Property Management Group Grows Rental Unit Business 45% with Acquisition of Core Select Group’s Property Management Division Acquisition vaults RL Property Management Group into the top 5 of similar companies within Central Ohio COLUMBUS, OHIO, April 14, 2020, RL Property Management Group, a fu
Read the article →At RL Property Management, we maintain a database of several dozen fields of data for each unit that we manage throughout Columbus and Franklin County. Three of those fields include the square footage of the unit, the market rent of the unit and the zip code. The following is the average market rent
Read the article →A free, data-backed rent evaluation using our own portfolio numbers and current market comps.
