Property vacancies are not good for landlords. No rental income means you pay the expenses and debt straight out of your own pocket. Vacancies can also put your property at risk.
Minimizing vacancies helps you take care of all the property expenses. This includes marketing, cleaning, repair, and...
6 Mistakes Investors Make When Budgeting For Their Rental Property Investments
May 14, 2019, 12:00 am
Real estate investing can be very lucrative. There’s no doubt about that.
In fact, real estate has produced more wealth than any other industry in the history of the world.
That said, real estate investing isn’t a guaranteed road to riches. There are certain things that you must do in order to h...
Self-managing your multi-family rental property in Orlando, FL isn’t simple; especially if it’s your first time. You’ll have loads of responsibilities including:
- Taking care of tenant issues and complaints.
- Maintaining and employing repairs on your property.
- Collecting rent, handling evictio...
Why wouldn’t you employ a few strategies to maximize your rental income?
Every landlord is looking to make a decent profit off of their rental property investment.
To achieve this, you have a few options.
You can:
- Increase your rental price
- Offer extra services and amenities
- Charge pet...
There are plenty of tax benefits rental property owners can and should take advantage of.
Taxes constitute a very large portion of the expenses that rental property investors incur. Additionally, paying taxes is mandatory. So, there’s no way to evade paying them without breaking the law.
But, do...