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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 fees Explore tax benefits Reduce your utility expenses But not all of these options are always applicable. In fact, some of them can lead to losses instead of profits. How? For one, tenants may decide to move out if you decide to raise the rent or start chargin…

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, don’t stress about it. Yes, the taxes may be mandatory, but there are tricks that investors can use to minimize their tax obligations. So, what are the tax benefits of investing in multi-family real estate? Well, read on to find out. Tax Benefits of Multi-…

Owning a collection of rental properties is arguably one of the most popular ways to invest in real estate. Properties with only a single residential unit are commonly referred to as single-family properties, while those with multiple rental units are referred to as multi-family properties. Multi-family properties are a staple asset among real estate investors for a couple of reasons. One, they have minimal complexity with regard to maintenance or ownership. Two, they provide added stability compared to other asset classes like retail or office…

The Fair Housing Act makes it illegal to discriminate in housing transactions on the basis of gender, race, color, national origin, religion, disability, or familial status. Despite the enactment of the Act, housing discrimination has been a persistent issue, according to many fair housing rights advocates. According to the National Fair Housing Alliance (NFHA), last year saw over 25,000 housing discrimination complaints filed with the local governments as well as national and federal fair housing agencies. The numbers, National Fair Housing Al…

One of the best ways of generating passive income is by renting out an apartment. And, as with any other business, for your investment to be successful you need to be a good manager. Managing multi-family apartments is more than just filling vacancies and checking in on tenants. If you don’t possess the right skills, managing all these aspects can be chaotic and overwhelming. That’s why in this article, we share with you 6 tips to help you manage your multi-family apartments. How to Manage a Multi-Family Property 1. Conduct Thorough Research Be…