Are LLCs for Rental Properties Worth the Hassle? Pros, Cons, and Costs
One of the first questions I hear from new real estate investors is: “Should I create an LLC for rental properties, rather than owning them under my personal name?” It’s…
The Landlord’s Guide to Pet Deposits vs. Pet Rent vs. Pet Fees
I love animals. I have almost always had at least one pet in my home. Pets enrich our lives and provide unmatched companionship and unconditional love. Except for my cat,…
How Much Can a Landlord Charge for Cleaning? Rules for Tenant Cleaning Fees
Rare is the departing tenant who leaves their unit in truly pristine condition. More often, the situation falls somewhere between “Fine” and “What happened?” — with the occasional “What the…?”…
Umbrella Insurance for Rental Properties: What Landlords Need to Know
I have a theory that nobody likes insurance. Don’t get me wrong, it’s important and often required by law or by lenders. But insurance is just so psychologically unsatisfying. I…
California Rent Control Laws (2023): State Rent Stabilization & Cities with Rent Control
Almost half of California’s residents live in rentals. The cost of living, especially rental rates, has risen dramatically over the last two decades, creating some of the least affordable rental…
Are There Free Skip Tracing Tools for Real Estate? Free & Paid Tools Compared
What is a skip tracer? It sounds like some kind of cool, futuristic sci-fi job — like a cyberpunk private eye who tracks people down through a network of intergalactic…
Should I Hire a Property Manager? 13 Common Responsibilities of Property Management
“At what point should I hire a property manager?” Sooner or later, most real estate investors question whether to hire property management to make their rental income truly passive. I…
Average Property Management Fees: Common Costs & Negotiation
Becoming a landlord is stressful enough without getting nickeled and dimed by property managers. When you hire a property manager, you delegate the labor of advertising vacant rentals, screening tenants,…
Passive vs. Active Investing in Real Estate: Pros & Cons of Rentals vs. Syndications
Chocolate or caramel? Rock or hip hop? Passive or active investing in real estate? Some investors love buying rental properties directly and owning them in their entirety. Others prefer buying…
Hidden Costs of Low-End Rentals that Don’t Show Up in Cash Flow Calculations
When I first started buying rental properties, I had no idea how to calculate rental cash flow. I just assumed the cash flow was “the rent minus the mortgage payment.”…