Page 8 of 14. 328 articles in total.
The tenant-landlord relationship is adversarial in its design. The landlord is the person collecting rent, they have control over the residence, and in terms of winning over praise, there’s basically no hope, at least categorically. This inherent power imbalance can lend itself to conflict, or if n
Read the article →Being a successful real estate investor and property owner hinges largely on your ability to successfully lease your units. But spoiler alert: simply keeping your units occupied is not enough. You must keep them occupied with high-quality tenants if you want to truly reap the rewards of being a prop
Read the article →It may seem like operating costs are going nowhere but up. Rising energy and operating expenses are indeed making the day-to-day necessities of property ownership challenging. But you don’t have to sit on the sidelines and do nothing about it. There are several steps you can take to control operatin
Read the article →You invested in a Columbus real estate property as a wealth-building opportunity. Now your job is to grow that investment. While real estate consistently performs well as an asset class, it’s not a completely hands-off endeavor. Far from it. Even if you hire a property management company to handle t
Read the article →A well-written lease agreement is one of the most important protections you can put in place for yourself as a property owner and for your tenants. While it’s required to ensure compliance with the law, it’s also an effective tool in preventing disputes and maintaining accountability. Thorough lease
Read the article →Owning an investment property is not all sunshine and roses. Furnaces go out, appliances break, emergencies happen. All these things cost money to fix. Sometimes lots of money. To prepare yourself for these one-off capital expenditures, it’s imperative to have a reserve fund set aside. Your reserves
Read the article →Real estate investors looking to grow their portfolios often turn to a property management company to relieve much of the day-to-day burden of taking care of the rental property and making sure it is occupied by good-quality tenants. As owners go online to search for a PM company to hire, they likel
Read the article →In this two-part series, we’re hearing from Peter Lohmann, Co-founder and CEO of RL Property Management, as he discusses his start in real estate investing and how that first investment has led to exponential growth and the founding of his company. Investing in your first property taught you a lot a
Read the article →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 can provide significant financial opportunities for individuals and build generational wealth for families for years to come. And like many pursuits, there is more than one way to achieve success. However, following time-tested, risk-tolerant strategies can significantly alt
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 →As a category, real estate is still a predominantly male-driven area; however, there is data to suggest a growing presence of women as real estate investors. Continued efforts to provide equal opportunities, education and support for women investors can contribute to a more diverse and inclusive rea
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