Sometimes, a homeowner can choose whether to sell a single-family residence or keep it for rental income. This option often presents itself to an owner who has saved enough cash to use as a down payment for a new primary residence. Also, this decision-making predicament is typical of someone who has inherited a house, has […]
Homeowners Associations (HOAs) are common throughout the United States, and it is fundamental every home buyer knows the requirements and limitations imposed by a prospective HOA. This familiarization with an HOA’s norms is especially necessary for investors who for purely rental income are contemplating a purchase. Being aware of an HOA’s conditions and requirements before […]
The definition of a residential rental property is changing. Until recent years, a residential property investor planned on tenants to stay 6 months or more. But the online marketplace has added the possibility of renting single-family homes as if these properties were hotels, on a weekly or even daily basis. Present-day rental property owners may […]
The start of a new year is the perfect time for actions that will increase your property’s market value. Real estate sales activity slows and many improvement projects must be postponed during the winter months. Income tax season is just starting, and both buyers and sellers are planning for the coming spring. Here are four […]
Local real estate taxes are charged to nearly all privately-owned properties, including residences. These taxes pay for many public improvements such as infrastructure, schools, libraries, parks, police, and fire protection. Homeowners are not averse to paying taxes. They expect to pay their fair share of taxes, although not more than their neighbors with similar properties. […]
The value of knowing what competing rental properties are offering tenants in your market cannot be understated. To remain competitive and ensure your building remains at a stable occupancy, rent concessions (also known as “leasing incentives”) can be a powerful tool because these incentives can attract new tenants to your building. In this post, we’ll […]
Inheriting a home and not sure what to do? Do you keep it, sell it? It’s a tough decision that can often be an emotional one as we deal with the loss of our loved one. If you’re still going through the probate process, or other issues involved with transferring an inherited property, then you […]
Does your house or rental property need a fresh new look, upgrades, or overdue maintenance? How can you improve the value of your property without breaking the bank? There is a lot of money available in the current market to help with fixing up your property. In this article, I’ll talk about some of the […]
Selling your home during the Fall season is always a challenge. Homeowners are moving around less and there’s generally less demand for housing during this time of year. This can mean longer than usual marketing times and lower sales prices. The market situation can also give buyers the advantage in negotiations. What can you do […]
What’s the point of owning a rental property if we can’t get the most benefit from it? For all the hassle of dealing with tenants, paying property taxes, and managing the property, we sure-as-heck should be properly compensated. Fortunately, this is something that’s well within your ability to control. Unlike market factors and the futility […]
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