If you’ve become serious about investing in property but have yet to invest outside your familiar area, there are factors you should think about before venturing too far. The most important factor to consider is climate. For example, if you’re a successful landlord in sunny California, you’ll likely never have to worry about a massive snowstorm... Continue Reading →
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How I Underwrite Rental Applications to Mitigate High-Risk Tenants
My partner and I have acquired and leased hundreds of rental units. As co-owner at my organization, I still have the final say on approving rental applicants. As much as I want to delegate the task, I am aware it is of pretty high value. Having a great tenant in your property is crucial. A troubled one... Continue Reading →
Interviewing a New Tenant? It’s Trickier Than You Think
Anyone who manages or owns investment properties knows that navigating tenant rights can be a sensitive business. Screening applicants is no different. It’s one of the most important steps landlord can take to protect their properties. You probably have some clear qualifications in mind to evaluate prospective renters, but you must also ensure that you... Continue Reading →
Should You Buy Cheap Properties with High Returns or Nice Properties with Low Returns?
Numbers are really pretty, aren’t they? I mean, we are all in real estate investing, and it’s likely that everyone here is out for the numbers. So shouldn’t we always go for the highest ones available? Well… Not always. Maybe. But not always. I recently saw a forum post where someone asked if she should... Continue Reading →
The Pros and Cons of Installing a Commercial Playground on Your Rental Property
Adding a playground to your rental property can be a great way to improve the value of your property, as well as entice renters with children to take up tenancy. These playgrounds are simple, usually inexpensive to install and can be a great boon to your property—but they can also create risks. What are the... Continue Reading →