If you’re like most landlords, you love the idea of raising rent but fear losing all of your tenants. It’s a difficult decision. By raising the rent, you might dramatically increase your income, or you might lose everything because all of your tenants leave. Fortunately, there are solutions. Here are three strategies experienced landlords use […]
Guaranteed, on-time rent payments. What landlord could resist? The fact is, like any strategy, section 8 rentals have both advantages and disadvantages to think about before basing your future on it. Personally, I avoid the strategy, but I know several landlords that make their living from it. I’ve gathered a short pros and cons list […]
Negative cash flow only makes sense in one case: you’ll make money at the sale. Not all landlords are in the long term holding business; you can profit from income-producing real estate investments in other ways too. Many investors are happy to have any income from their real estate investment, even if it’s negative. It […]
The magic number for every landlord in the universe is… $1423.42. Don’t believe me? Then I’ll give you the more truthful and less sarcastic answer: it’s completely relative. I can’t give you a concrete answer and neither can anyone else. Some real estate investment gurus will give you a formula and tell you to run […]
Ask several experienced landlords about advertising and they’ll tell you it’s a waste of money. But it’s not true. In certain circumstances, where other free methods are inadequate, a landlord can use advertising to give their real estate investment that extra little push toward positive cash flow. The key is understanding how to focus your advertising […]
Vacancy — no word is more motivational to a landlord. You’re required to pay your mortgage payment, regardless of whether you have the house rented. So, finding a tenant literally makes the difference between losing money or making money from your real estate investment.
The conventional wisdom is to buy an ad in your local […]
This is a common problem for landlords. Sometimes, tenants don’t understand that a 12 month lease means they’re legally obligated to pay their rent for 12 months. So, they decide to move out. Your cash flow disappears and you have to spend months fixing up the property and finding a new tenant. Is there anything […]
As a landlord, you need to choose your investments carefully. Pick the right property and you’ll bring in profit, month after month, year after year. The opposite is also true. Buy a dud rental property and you can enter a world of frustration and loss that lasts months or years.
For a landlord, each real estate […]
For the average landlord, trusting a property manager with governing their real estate investments is like a parent trusting a new babysitter with their children. It’s agonizing. You’ll will worry about them finding the right tenants, maintaining the property, and keeping up cash flow. Can a property manager really do it as well as you, […]