Investing in rental property will provide a steady revenue source while building wealth, but at the same time, it gives rise to several problems. Today we will discuss some common issues. One of the most common landlord problems is the nonpayment of rent. Even with a lease, some tenants will
If you are considering using your real estate sales agent to place your tenants or as a property manager for your rental home, you’ll want to make sure that they are truly qualified. You’ll need to make sure that they have the knowledge, skills and experience to manage your property
Here at InvestPro Properties, we are often asked which type of property is a better investment; a single family property or a multi-family property. The best investment depends on what your goals are. Single Family Properties We tend to prefer single family homes in our market. There’s a reason why
Today we’re discussing how to analyze a rental property with some of the key calculations that help you decide if the investment property you’re considering makes financial sense for you. Investors should base their calculations on a minimum of a three to five year investment horizon. Since housing prices are
Unfortunately, a lot of landlords and many property managers have not assigned a high degree of importance to property inspections. This can increase risk and put the owners at the mercy of the tenants which can be ultimately very painful and very costly. Today we’re going over some general definitions
Today we will talk about the dreaded eviction process. If you’re doing a good job of screening and you have a solid lease with all the right deposits, chances are you won’t have to do evictions very often. But sooner or later, you might be confronted with a situation
Today on our blog, we are discussing ways that landlords can maximize profit from their rental properties.
The lease is the backbone of the tenant landlord relationship, so preparing a strong lease is imperative. This is one area you do not want to cut corners. We recommend hiring an attorney who specializes specifically in landlord tenant law. A weak lease could open you up to risk and
Today, we are talking about the rental process. The first step is to get the property ready for the market, which is a topic that we have discussed extensively in a previous blog.
Today we’re discussing a few important questions that you’ll want to ask when you’re interviewing a property management company. Experience First, find out how long the company has been doing property management. You want to know your property manager is familiar with your local rental market, including the laws, rental