There are two things that tend to make both new and experienced rental property owners nervous about the business of landlording… PROPERTY MANAGEMENT & LEGAL ISSUES. Most people realize that you have to deal with legal issues directly related to Tenants, like leases, evictions, collecting rents, etc. Most also realize that managing a property...
Invariably, one common question that new landlords almost always ask is, “What is the best way to track my rentals’ income and expenses?” Basically, there are three ways to routinely track rental property income and expenses: 1. The “shoebox method” 2. Use a spreadsheet 3. Use a database The Shoebox Method Now, the “shoebox...
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...
As I mentioned in my last post, I know a fellow landlord who just had a pretty bad experience with a tenant. Most, if not all of his problems could have avoided if he had just gone to the video store to rent a movie! “What?” Yes, believe it or not, most if not...
One of the most daunting tasks, for just about anyone who is interested in buying their first rental property, is trying to sort through the countless articles, courses, informercials, and books on buying properties and managing them. Unfortunately, most of them lack quite a bit of substance, often leaving you with the same questions...
Loading ...
Follow Us!