Did you know that owning out-of-state rental property is gaining in popularity among savvy investors? While it‘s more convenient to own real estate close to where you reside, investing in property located in various hotspots can increase investment profitability.   Tom Schneider shares four key reasons for purchasing an out-of-state rental property.   To invest in geographic areas where population and job growth are robust.  To diversify a rental property portfolio with markets that best … Read More

Inside  Pack your “inspection kit.” Include a small tub of spackling, putty knife, marker and labels, small, lightweight electrical item, notepad, and pen.  Go through and clean the rental – this is a fast clean to make repairs and maintenance easier. We’ll discuss a final professional cleaning later.  Complete a thorough examination –starting at the front door and … Read More

Summer is coming soon, and the heat is rising in the Southwest. Preparing now will save you much landlord stress later. Of course, high on the list is ensuring your AC is ready to beat the heat waves. Have your ductwork professionally cleaned. It not only improves airflow, which cuts down on utility costs, but … Read More

When someone owns a business, they typically say their customers are their boss, and 5-star customer service is the key to company growth. The same principle applies when you are a landlord. The best way to engage and then retain great tenants, thereby keeping your investment producing cash flow, is to deliver top-notch customer service to your tenants. In … Read More

Building a portfolio of rental properties is a step toward financial security. However, it is not as simple as just buying one property, and then another, and another . . .  A well-developed portfolio begins with a specific financial goal and an organized plan to achieve it. For example, Zach has three children. The oldest one … Read More

The issue at hand– You have a chunk of money (perhaps you received an inheritance, an annuity matured, you sold an asset, etc.), or you have a monthly increase (a raise, a debt paid, a rental property mortgage paid off). The question– Should I pay down/off my home mortgage, pay off a current rental property mortgage, or invest in … Read More