I am a dog owner and I can’t imagine living anywhere without my four legged kids. I am also an owner of residential rental property and I know there are tenants that allow their pets to damage their rental making more owners rethink allowing pets.
After these irresponsible pet owners move, It is not uncommon to discover urine soaked ...
I wish more people would ask what to look for when choosing a property manager. Its an important topic because not all managers have the same experience, business model, etc. Having a property manager can save you from many headaches that go along with being a landlord. Be sure and budget for property management BEFORE you buy that ren...
Part of investing in rental real estate is finding good tenants and in order to do this you must show your property to potential tenants. Just as if you were selling the property, you must make sure that the property is appealing to tenants in order to rent it out and begin collecting rental income.
First, it is important to understan...
There are some decided differences between fixing up your own home and a property you plan to rent out. One of those differences is often your budget for repairs. If you want to make a profit on your investment property, repairs must be kept to a minimum. Since repairs are also a necessity to attracting and maintaining quality renters, i...
CREATE A BUDGET- Look at your current monthly expenses and create a monthly budget to determine what you can afford for rent. It is usually recommended that you have a minimum of 3 times more income than the rental rate per month. But this doesn’t take into account debt repayment, entertainment, utilities and groceries. ...
Are you just getting started in rental property investment? You might think that having just a few rentals is easily managed on your own. Or maybe because you are starting out you think you can’t afford the 10% monthly management fee. This is the opposite to how you really need to think if you are going to be a serious real estate inv...
TOP 10 REASONS TO INVEST IN RENTALS IN 2016
Rental Demand is on the Rise: Home ownership rates are down so more people are renting for a number of reasons. Some don’t want the responsibilities of owning. Others perhaps can’t get a mortgage or they are just not sure where they want to put down roots. Homeownership is...
What is your time worth? Believe it or not, We all have choices when it comes to how to spend our time. Investing in rentals is only a passive investment for tax purposes… it can suck your time like a black hole. To make sure you are maximizing your time, you must consider the opportunity cost of choosing one task over another. What e...
If you rent property, you know it is wise to do a credit check on a potential tenant to find out if it is likely that they will pay on time. Interpreting the report can be tricky and you may decide to overlook past issues that have been cleared or question the tenant about an issue to which they have a seemingly valid excuse. You may end...
House 2 Rent may be a new rental management company but renting houses is not new to me! I’m Megan Webb and I have been a Realtor for the past 13 years and have owned rental property since 2006.
Investment property is one of my passions. I love running the numbers, fixing up properties to rent and finding good quality tenants. I h...
