The real estate market has been hot for years now; what’s even hotter is the rental market. According to Forbes, renters occupy 34% of occupied housing units, accounting for over 45,000,000 units, a number that’s remained relatively steady for decades. Thus, it’s no surprise that owning rental units can be an excellent source of income. However, it’s challenging to make…
Inheriting a house from a loved one can be an emotional rollercoaster. On one hand, it's a gift that can provide financial stability or a place to call home. On the other hand, it comes with a lot of responsibility, emotional attachments, and economic implications. And now, you're faced with a big decision: is it better to rent or sell…
These days, passive income is one of the most talked-about topics due to the rising cost of living; while discussing it, you’ll likely hear about real estate investing. A real estate business can certainly produce excellent passive income. However, it requires some initial hard work to experience significant cash flow. One aspect of building a profitable real estate business is…
Have you ever considered the impact of allowing pets in your rental properties? With 75% of renters owning pets, opening doors to furry friends isn't just kind; it’s smart business. According to the 2023-24 American Pet Products Association (APPA) National Pet Owners Survey, 23 million households welcomed a new furry friend during the pandemic, and 66% of US households have…
If you've ever owned a rental property, chances are good that you had something go horribly wrong with a tenant at some point because it was a bad fit. The solution, however, isn't to swear off renting altogether. A strong property management company can guide you with an effective tenant screening checklist to get those “dream renters” who want to…
Beth Davis
April 23, 2024
Did you know that more than ten million Americans earn income from rental properties? With so much potential to earn passive income from real estate investing, it is no surprise. However, if you want to become a rental property owner and cash in on the profits, there’s one thing you must understand: taxes. Specifically, income taxes and capital gains taxes.…
Beth Davis
April 16, 2024
When a tenant damages your rental property, a profitable asset can become a liability overnight. And let's face it, it's hard to be truly prepared for this part of being a landlord. Tales of tenants transforming living spaces into aquatic havens, dogs digging holes through walls, and mistreated appliances are not uncommon. However, there are proactive steps you can take…
Do you ever catch yourself thinking, “Are rental properties a good investment?” Well, we can tell you with certainty that they are, and for many reasons. Not only does real estate investing boost your wealth and make it cheaper to borrow money, but it comes with numerous tax benefits. You can make dozens of standard deductions to lower your tax…
Stainless steel appliances have been a popular choice for years. It is often believed that they help increase the value of a rental property, as well. The question is: will stainless steel continue to be something renters look for? The short answer: yes. According to research by Houzz, the most popular kitchens of 2023 all had stainless steel appliances. However,…
Eviction, or involuntary termination of a lease, is a situation no landlord or tenant ever wants to face. Unfortunately, sometimes the relationship deteriorates to the point where it's the only option that remains— and when that happens, you'll want to make sure you have a thorough understanding of the legal ins and outs of the eviction process so you can…
Beth Davis
March 28, 2024