If you ever find yourself in an area where almost all the lodging properties are not accessible online, go old-school and ask the locals. You can even check with them if they can direct you to the most affordable rental place in the area. Locals are more knowledgeable with their ar...
When selling a rental property, the investor has four major options—sell the rental to cash buyers or other real estate investors, wait for the lease agreement to expire, sell the rental to the tenant, or pay the tenant to leave and then list in the real estate market. Whichever option ...
down payment, and debt-to-income ratio. These are the same factors that apply to rental property mortgages, but the investor may be held to a more stringent credit history and a higher down payment.
If you’re going to use leverage as experts recommend, then one of the things to consider when buying a rental property is your financing options. When you go to the bank to apply for a mortgage loan, you’ll find plenty of options available for financing your first investment property. ...
Why Market an Occupied Rental? There are a few reasons why landlords may want to market and show an occupied rental property. For instance, if a current tenant’s lease is coming to an end and they decide not to renew it, it’s crucial to find a new tenant as soon as possible to ...
Hiring someone to care for your rental property is a big decision. You need to make sure that whoever you choose to manage the property is as committed to your investment as you are, and also knows the legal ins-and-outs involved with the rental process. Hiring the wrong manager can have...
Read the manual.The rental property usually comes with an "instruction manual" containing information on how to operate the appliances and suggestions for restaurants, shops, and sightseeing. The property owner's tips can point you to spots and activities you may never stumble upon otherwise. Patro...
hide themselves by listing a company as the property owner. When this happens, try contacting that company to get the individual person’s name. If the company won’t cooperate or if it gives you the name of yet another company, consider hiring an investigator to find the information for ...
Property Maintenance Bookkeeping and Rental Property Finances Managing Tenants When it comes to rental property management, tenant relationships can make or break your success. A well-managed tenant relationship can lead to longer leases, timely rent payments, and reduced property wear and tear. This...
rental opportunities. It could prove difficult to find a realtor that is familiar with rent-to-own contracts, but they are out there. Once you find a realtor they can act as an intermediary between you and the homeowner and will be able to help you make the best decisions along the way...