Owning a rental property comes with ongoing expenses like maintenance, property taxes, trash removal, landscaping, and possibly utilities. Over time, these costs rise. Property values and taxes increase, the $700 fridge you replaced last year now costs $775, and higher fuel prices mean your landscaper and trash service charge more. An annual rent increase is […]
Tag Archives: rental
First Vacation Rental Property Purchase? Read this.
With summer in full blast, it’s vacation time! You might be reading this blog on the front porch of your vacation home, having a cup of joe. Visiting this vacation home of yours probably every summer, you may be thinking about buying a property here. While buying a home in your favorite summer destination sounds […]
Add Your Rental’s Value And Increase Demand
Many local rental markets are currently outshining the housing market, a trend that has persisted for the better part of the past decade. While the heightened demand has made it easier to find tenants, it has also increased competition for retaining them. Today, tenants have an abundance of rental options at their fingertips. To not […]
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 […]
Guide to Rental Property Bookkeeping
While real estate and rental property bookkeeping may not be the most fun aspect of real estate investing, it is an essential component of the real estate machine. Understanding these data is crucial for successfully running a business. Because of that, some real estate investors may hire an accountant or professional bookkeeper to keep track […]
Guide to Selling a House with Tenants
There are several reasons why you might be ready to sell an investment property. Whether you’re attempting to sell a house or a rental property, sometimes investors need to move on to the next venture. Maybe to take advantage of the appreciation value, or maybe for more time to focus on other investment opportunities. Whatever […]
Cash For Keys in Rental Properties?
What does Cash For Keys mean for Rental Properties? Eviction is never a fun prospect to have to face as a rental property owner. Maybe it’s a problem with a renter who doesn’t follow the terms of their contract. Maybe they have a record of late rent payments. Regardless, evicting troublesome tenants is an unavoidable […]