Each year, one of the best ways for landlords to compare their rental prices to other similar units the area is to review HUD’s Fair Market Rent data. Although that sounds intimidating, it’s really very simple. Annually, the US Department of Housing and Urban Development (HUD) reviews rental rates throughout the country and develops...
Image by Center for Neighborhood Technology via Flickr Yet another good reason to consider rental property ownership… In a recent article published on the Multi-Housing News website (March 26, 2009), President and CEO of Associated Estate Realty Corp, Jeffrey Friedman noted that over the next 10 years there are expected to be 450,000 new...
In a recent post, I asked the question, “Do you do your own repairs?” I don’t want to rehash that post, but just give you a personal example of why it’s important to have a network, even if YOU do most of your own repairs. Last Saturday, I came down with some kind of...
As a landlord and rental property owner, you have a myriad of decisions to make. For the purpose of this article, I wanted to focus on two that have far reaching implications, especially for the small landlord: How far away is too far, when buying a rental property? How to handle repair calls– are...
I hate articles on New Year’s resolutions. This is NOT an article on resolutions. Although if it was, you can be assured I would try to give you something constructive and not fluffy. Instead, I want to give you something actionable that you can use today, or tonight, as you sit down and have...
Some books are timeless. The best ones are those that help you become more successful in some aspect of your life– throughout your life. Even better when they can help you build your real estate business more quickly and with less effort… Way back in 1981, my father received a copy of the book...
OK, I normally don’t delve too deeply in this blog into areas of specific property management, but to things prompted me to decide to write this blog: If you live in the US, you have undoubtedly seen the government’s (federal, state and local) initiatives which are bent on trying to stop illegal immigration. Now,...
If you have been a Seller in this real estate market, especially up and down the East or West Coasts, chances are that things turned out pretty good for you. A Seller’s market with rising housing prices probably helped you reach some of your goals a lot quicker. On the other hand, if you...
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