In the news again in 2022 is an old trick that keeps tripping people up: rental property scams. “On the tenant side, police say the scam usually involves having to pay the deposit without seeing the property while the supposed owner says they’ll mail you the keys. Spoiler alert—the keys never come, and the tenant is out the money for …
Airbnb Is Here To Stay – How To Decide If It’s a Worthwhile Investment Risk
This is an update to our “Airbnb: Does The New Kid On The Block Present An Investment Opportunity?” posted in March, 2019. The year was 2007. Three air mattresses and the promise of breakfast turned an apartment into a weekend rental, and Airbnb was born. Nearly 15 years later, in more than 190 countries and 81,000 cities, the short-term rental …
How Do You Know If It’s Time To Remodel Your Rental Property?
Outdated fixtures. Monthly phone calls from tenants about broken-down appliances and other repairs. Carpet that’s getting close to the seven-year mark with pet-owning tenants most of that time. How do you know if these things are signs that it’s time to remodel your rental property? Whether you’re a new or experienced landlord, it may be easy to tell when the …
The Ins and Outs of Insurance for Landlords and Renters
Renting or leasing a home has its fair share of difficulties, and the one thing you don’t want to forget about is insurance. The reality of the process, however, may mean call center wait times, talking to numerous people before getting to the right person and then being asked so many questions and you may not know all the answers. …
First Time Managing Your Own Rental Property? Avoid These 7 Rookie Mistakes
It seems pretty easy. You buy a property, make sure the appliances work, slap on some paint and boom—you’re in business. The thing is… being a landlord IS a business. Just as you’d approach your day job like a professional, you should approach renting to tenants like one. But everyone is a new landlord at some point, and mistakes are …
The Pros & Cons of Renting to College Students
A college town means college students. Which means young people who need a place to live. If you own rental property near a college, it’s only natural to explore the possibilities of meeting their demand with your supply. It can be an excellent business move. But it helps to know what to expect when you rent to students and how …
Investment Property: Flip… Or Buy And Hold?
Most Americans would agree that buying property is a sound investment. Many of us dream about our very own weekend country house sitting on several acres, or perhaps a top floor downtown condo with stunning views of the city. In fact, home ownership in America is almost 65%. However, investing in property is a whole different ball game, and the …
Buying Investment Property: Some Tips
Buying investment property seems like a pretty straightforward venture. Select a property, purchase it, clean it up… and tah-dah! You’re ready to rent it out to prospective clients as either a residential or vacation property. Or maybe you try to flip it. Now, just sit back, collect the rent and watch your profits skyrocket along with the value of your …