No matter how many units you own or who maintains them, being a landlord is rarely a solitary endeavor. Bookkeeping, tenant interactions, and upkeeping buildings require multiple skills. Hiring the right professionals can mean the difference between a thriving, growing business and a catastrophe. 1.  Consider who you need in your network. Think through your … Read More

There are many advantages to owning property in an unincorporated area. These areas lie outside municipal regions and property owners often pay lower taxes, enjoy more privacy, and have fewer regulations to follow. Property investments in unincorporated areas have downsides, as well. Fewer regulations mean greater flexibility in how you use your property, but it … Read More

 You’ve spent hours carefully drafting a lease that specifies the critical details of landlord and tenant rights and responsibilities. Though the new lease seems fair and balanced to you, your vision may not align with your tenant’s needs. Now what? Negotiating a rental agreement acceptable to both parties is often challenging, but using the following … Read More

Summer will be here before we know it, with sunny days and warmer weather. As the heat rises, your rental property’s HVAC system must keep pace with escalating temperatures. As a landlord, you must keep your rental units “fit and habitable” for tenants. Even if warm temperatures don’t reach dangerous levels, tenants have the right … Read More

A Mechanic’s lien legally guarantees that contractors, subcontractors, and suppliers get paid for their work. These liens can arise from any property improvement and cause major headaches if you don’t discharge them properly. An unresolved mechanic’s lien can prevent an owner from refinancing or selling his property and may even lead to foreclosure. What is … Read More

Every investment involves risk. However, low-risk investments allow the chance of a return with little risk of losing your initial investment. While potential profits are comparatively low, low-risk investments often require minimal financial outlay and usually perform as predicted. What strategies are considered low-risk in real estate investing? Here are three ideas to consider: Buy, … Read More

Inflation is the rate at which the cost of goods and services increases over a year. This rate—swayed by increased money supplies, interest rates, rising wages, spending fluctuations, and tax deductions—reduces a dollar’s purchasing power. And the lower a dollar’s purchasing power becomes, the higher the costs of goods and services will be. Inflation rates … Read More