278 articles on owner education, written by the team that manages 700+ rental units across the Columbus metro. Page 7 of 12.
RL Property Management has been serving owners and residents throughout the greater Columbus area for a decade. Read on to learn more about Peter Lohmann’s start as a property investor and gain insight into how to grow your real estate investment portfolio. How did you get started investing in real
Read the article →The real estate market is always changing, and that’s part of what makes investing in it so much fun. There are always opportunities, and certainly, there is never a dull moment. For our market here in Franklin County, the greater Columbus metro area has continued to see outsize population growth ov
Read the article →The IRS has a label to classify everyone and one you don’t want next to your name as a property investor is: ”dealer.” The biggest reason for this is that it can result in you owing double FICA taxes, a total of 15.3% in addition to your federal, state, and local income taxes. If
Read the article →There are several strategies to minimize your tax bill as a property investor. From maximizing tax deductions to accounting for depreciation, utilizing a 1031 exchange and many others, you can generate wealth and grow your portfolio by taking advantage of tax incentives and opportunities. Another su
Read the article →When it comes to building wealth through real estate, many investors focus on rental income and property appreciation as key components to driving growth, but there’s another powerful tool that allows you to pocket more money: depreciation. Depreciation isn’t just an accounting term. It’s a valuable
Read the article →Investing in real estate property is a time-tested way to build wealth. Even better? It also offers owners an opportunity to keep more money in their pockets come tax time. As you consider your unique situation, assess whether leveraging any of these tax strategies might be right for you, and when d
Read the article →Every property owner will have their own opinion about what makes an investment successful, but collectively, their responses will account for how well the property’s fixed costs and unexpected expenses are managed. These two areas have a big impact on an investor’s ability to deliver a positive cas
Read the article →Property investment success takes time. When you choose to pursue real estate as a means of generating wealth, you know you have to take the long view. And this mindset becomes especially important as you establish a philosophy toward managing unexpected expenses. As discussed in our previous blog,
Read the article →Building a successful real estate portfolio is a process. It takes work and requires you to be strategic with every financial decision you make. As you begin establishing a process to build your portfolio, it’s essential to pay attention to these three key areas: Managing your fixed costs Managing u
Read the article →Charging accurate market rent for your rental properties in Columbus is important to your investment success for a few key reasons: It helps you attract good quality tenants It helps keep turnover rates low It’s an important factor in improving NOI Often newbie property owners make the mistake of ov
Read the article →Net operating income is rent and other income minus operating expenses, before the mortgage. On a Columbus single-family rental, five levers move it: rent priced to market, fewer vacant days, utilities assigned in the lease, preventive maintenance, and an expense audit.
Read the article →Owning an investment property in Columbus is a net-positive experience the vast majority of time, yet there are issues owners (or their property management company) will have to deal with from time to time. One such potential issue is evictions. No one wants to have to post an eviction notice on a r
Read the article →Investing in real estate has always been a reliable way to generate wealth. As Andrew Carnegie is known to say, “Ninety percent of all millionaires become so through owning real estate.” Yet like any investment, there is risk and uncertainty. One can never know for sure what kind of return they will
Read the article →A vacant day on the portfolio average rent of $1,653 costs about $54, and the unit still runs every expense. Six things cut vacant days in Columbus: rent set to recent signed leases, screening, a pet policy, sane fees, lease terms that dodge the slow season, and fast maintenance.
Read the article →We all want to do more with less, yet this can feel impossible when trying to grow our real estate portfolio. More properties means more work, right? Fortunately, it doesn’t have to. There are ways to scale your portfolio without also scaling your to-do list. Ways to Scale Your Investment Portfolio
Read the article →Risk is inherent to any investment strategy. We make decisions about the future based on what we know today. And while there are smart ways to go about doing this, we can never completely eliminate the possibility that our investment will fall short. The good news is that when your investment does w
Read the article →Determining market rents in Franklin County shouldn’t be a puzzle, but for many people, it feels like they’re on the hunt for an elusive piece they need to create the perfect picture. And because they fear they might be missing something the entire process becomes more overwhelming than it needs to
Read the article →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 →Just because you’re small doesn’t mean you can’t be mighty. There are many apartment amenities that even small apartment buildings can add or enhance to attract new residents. Here’s a run-down of a few popular features to include if you’re looking to draw in more tenant interest. Enhance technology
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 →If you’re new to property management or you’re entering a new market as a real estate investor, setting rent rates might feel overwhelming. Fortunately, it’s a data-driven process that really shouldn’t require any guesswork at all. Here are some tips to help you determine how much to charge for rent
Read the article →A free, data-backed rent evaluation using our own portfolio numbers and current market comps.
