Happy tenants are often the best tenants. As a landlord, your tenants are the backbone of the entire rental property operation. Having a good tenant that pays on time and has little drama makes owning the property feel almost too easy at times. On the flip side, unhappy tenants will drag their feet by sending […]
Tag Archives: real estate investor
Important Documents For Every Investor
It is important to recognize that real estate investing is a business. Like any other business, there are systems, policies, and procedures that must be followed. The biggest problem most new investors have is organization. Even if you only invest part-time, you need to stay on top of everything you are doing. Not only will […]
Investing in Multi-Family vs. Single-Family Properties
In the world of real estate, the choice between multifamily and single-family properties is a significant decision. Both options have their own sets of pros and cons. To make the right choice, it’s crucial to understand these two investment strategies. Let me simplify it. Single-Family Property Investment Single-family property investment revolves around owning and leasing […]
First Time Landlord? Check this out!
On the surface, being a landlord seems pretty simple. You find a tenant and wait for the first of every month for rent checks to pour in. At the end of the lease, you repeat the process and start all over again. Anyone who owns rental property knows this isn’t exactly how things work. There […]
Strategies to Polish Your Negotiation Skills
Negotiation is a direct part of almost everything you do in the world of real estate. In addition to negotiating the best possible price on every offer you make, you negotiate with your contractor, property manager, and possibly even tenants without even knowing it. The better you are at negotiation, the greater the impact you […]
Estimate An Accurate ARV
One of the major components of a successful house flip is properly estimating the after-repair value. You can do great work on the property but if you are off the mark with your ARV the deal won’t be as successful as you anticipated. Experienced rehabbers understand that simply making improvements doesn’t always increase the value. […]
Eviction: How Do You Handle It?
If you own rental property long enough, eventually you will be faced with an eviction. Every landlord thinks evictions will never happen on their properties, but they are more common than you may think. Your tenant can be great for eight months and then out of the blue be hit with an unexpected financial setback. This […]
Tips to Run a Better Business
As a real estate investor, you have the reins in your hands when it comes to your business. One of the key shifts new investors often experience is the transition from simply making offers to running a full-fledged business. It’s essential to approach real estate as more than just transactions. Ultimately, no matter how many […]
BRRRR – The Investing Method
The BRRRR method, popular in residential real estate investing, stands for Buy, Rehab, Rent, Refinance, Repeat. This strategy involves acquiring distressed properties, renovating them, renting for continuous income, and refinancing to accumulate equity for future investments. It’s like house-flipping with long-term financial growth in mind. The BRRRR method – What is it? The BRRRR method […]
Notice of Default – What it is in Real Estate
Ever found yourself face-to-face with a Notice of Default? To put it simply, a Notice of Default is a lender’s initial step toward foreclosure, but understanding it helps you navigate the process and protect your financial future. What is a Notice of Default? A Notice of Default is a public notice filed with a state […]