Page 10 of 14. 328 articles in total.
The real estate industry leans heavily on relationships. Like so many opportunities, it’s not always what you know, but who you know. And to stay in the know, you have to be on social media. How to Elevate Your Social Media Game For investors or property managers interested in expanding their portfo
Read the article →The owner/tenant relationship is a business relationship by nature, and both parties stand to benefit when the relationship is positive. Tenants who feel valued and appreciated are more likely to take good care of the rental unit. They may also be more likely to extend their lease year after year, w
Read the article →They can be cute, cuddly and furriffic, but they also can do a number on your rental properties, so should you or shouldn’t you allow pets in your units? While the choice is completely up to you, the fact of the matter is that more than half of all U.S. households own a pet. Whether
Read the article →Anyone who owns real estate knows maintenance is just part of the gig. When you own rental property, however, the responsibilities for some of those maintenance tasks can become a little more ambiguous. Is it the tenant who should be tasked with fixing an issue in their rental unit, or will you or y
Read the article →Property managers and landlords can use fees as both a carrot and stick approach to tenant behavior. Importantly, however, is that whatever fees you decide to implement at your rental property, be sure they are clearly explained in your lease agreement. No one likes surprises when it comes to fees.
Read the article →As an owner or manager of a rental property, it’s obvious to you who owns what in each of your rental units. But is it just as crystal clear to your tenants? Sometimes yes, sometimes no, but to be sure, it’s best to spell it all out in your lease agreement. A strong lease agreement
Read the article →Managing costs is a huge part of being successful with your rental property investment. Expenses can quickly eat into your profit margins, and if you’re not prepared, they can empty out your reserves in a hurry. With rising costs across the board, record inflation, and discerning tenants who expect
Read the article →Being self-reliant is a good quality. In fact, our cultural ideals are based on the very idea of pulling ourselves up by our bootstraps. But sometimes the best way to become a “self-made” real estate investor is to ask for help. To be clear, help comes in many forms. Sometimes all we need is informa
Read the article →Investors who are dipping their toes in real estate often begin with single family homes. This type of investment property can be a good way to generate passive income (“passive” being a relative term depending on your level of involvement with its property management). Single family properties also
Read the article →Most people who get into real estate do so for the potential returns the investment will generate. It’s a highly strategic process, and in theory, the better the property, the greater the earning potential it will have. With each property, investors must weigh the risks and opportunities it presents
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 →Maintaining accurate accounting records is sometimes thought of as a secondary responsibility of owning rental properties but understanding the accounting process is essential to your success (even if you have an accountant to help you out). Not only does it enable you to take advantage of tax benef
Read the article →If you’re new to property management, growing your business or investment portfolio can sometimes feel like it goes in fits and starts. With anything new, it takes time to find a rhythm, and we all encounter some mistakes along the way. As small business owners ourselves, we’re here to offer a few t
Read the article →No one invests in rental properties only for them to sit vacant. If your units have been stuck with the lights off for too long, don’t just sit there, do something! Here’s where to start. Take an objective look at your property’s condition, Maybe prospective tenants are seeing something you’d been
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 →Arguably one of the most important protections you can put in place for both yourself as a landlord and for your tenants is a lease agreement. A well-written lease agreement holds both parties accountable for what’s been agreed upon in the lease terms, helps prevent disputes, and ensures compliance
Read the article →A common struggle for real estate investors is overestimating what they can accomplish in one year and underestimating what they can do in five. The math is simple, say you purchase a 10 unit multifamily property for $2,000,000 and had a down payment of $400,000. With an interest rate of 5.055% and
Read the article →Real estate property investors spend a lot of time looking at their books (or at least they should be). Knowing exactly how much money is coming in and going out each month has a big impact on how successful the investment is performing for them. But success with a rental property doesn’t just happe
Read the article →For those new to owning rental properties, setting rent prices might feel like one giant guessing game, and one that has you all over the board. You fear that if you price the unit too low, you’ll be losing money. Conversely, if you price it too high, no one will rent from you,
Read the article →Any homeowner knows just how much work it can be to stay on top of home maintenance and repairs. Even something that seems like a simple fix can result in multiple trips to the hardware store and cost a lot more than you might expect. Now scale that up for an investor who owns one,
Read the article →Rising inflation has had us all on the edge of our seats this year. Turn on any news station and you’ll hear reporter after reporter telling you we’re riding a wave of some of the highest inflation rates the U.S. has seen in several decades. But what about for you as a real estate investor?
Read the article →The number one rule of marketing is to go where your people are, and if you’re trying to market a vacant multifamily unit to prospective tenants, the place you have to be is…you guessed it…online. But marketing costs money, and your goal as an investor is to be earning money, not spending it. Below
Read the article →Anyone who owns rental properties knows it can come with many rewards, but it’s also not without its share of hard work and challenges. Often owners come to us frustrated and in need of help because they’re struggling with the management aspect of their rental properties or because they’ve had it up
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
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