Most land owners and real estate managers, choose the field on purpose. They are far sighted and make plans well in advance. They buy the right kind of property, do all the necessary paperwork and settle down for the long haul. Others, however, are forced to become landlords. Accidental landlords, as they are known, are not those who suddenly wake … (more…)
Owning a property or an asset that can bring income your way is always a preferred financial strategy than owning a number of assets that cost you money and generate expenses. In other words, if you have a property for your own house, you have to pay for maintenance, taxes, utilities and repairs, but if you own an asset that’s … (more…)
As a landlord, there are a number of things that you will be paying for. While it may feel like you are paying a lot more in taxes and expenses that you should, there are also a number of breaks that you can make use of.
Here are a few deductible expenses for rental property that you should definitely look … (more…)
As a landlord, your property is precious to you as it is not only source of income, but also a very expensive investment. Taking care of a rental property, however, is not something that can be done easily and a lot of planning goes into it. Here is a useful aid that can help you through it.
Safety and maintenance… (more…)
Buying apartment buildings can be one of the most lucrative investments that you can make in real estate, as long as it is done right. Apartments are basically just buildings with multiple houses on them. You have options for studio, penthouses, duplex, or an assortment of sizes based on number of rooms and the best part is that they can … (more…)
As a land owner, you can be sure about encountering your share of legal issues. That is why it is a good idea to have a competent attorney by your side before getting into the landlord business. But before you go and get yourself an attorney or new tenants, it’ll be helpful for you to have your own understanding of … (more…)
A home is where a person should feel safe at all times, so home and apartment safety should be on top of the list of things that you should provide to your tenants. If you are about to purchase a rental space, assess the locality and check the crime statistics of the area so that you know what you are … (more…)
While getting good tenants for your rental property may not be something you have a choice over, bad tenants can certainly prove to be a landlord’s scariest nightmare. Between trashing your property, not paying their rent, allowing pests to infect the surroundings, committing criminal activities inside your property and many other wretched acts, tenants can turn a landowner’s life pathetic. … (more…)
There are a number of reasons as to why you should go in for a lease review; you may want to increase the rent, new tenants may be coming in, or the existing tenants may want to renew the lease. A lease review should be done at least once a year, so that all terms and conditions, along … (more…)
Many landlords may want to sell off their properties for various reasons, sometimes when there are tenants still occupying the house. While it is well within the rights of the landlord to sell properties whenever they want to, it may also carry with it, it’s own set of complications. Here are a few tips on how to sell properties that … (more…)
To her long line of real estate book offerings, Janet Portman has added her latest – ‘Every Landlord’s Guide to Finding Great Tenants’. After having graduated from Stanford University and Santa Clara University, Portman went on to assume the role of a public defender before specializing in landlord and tenant law in the commercial and residential scenarios. Portman’s other titles … (more…)
The past few years have given landlords plenty of reasons to smile. The rise in the demand for apartments for rent and the apparent shortage of options, have led to a surge in rents. Every financial year, rents are on the increase and many experts deem that the trend is set to continue.
An affordability gap
Since the end of … (more…)
When it comes to marketing luxury apartments, you have to do more than just put a sign on the lawn or advertise in a local real estate listing. People who are in the market for luxury apartments rarely ever look up at these places and you are unlikely to get any hits if you do. Marketing luxury apartments is a … (more…)
The appraisal and valuation of a commercial real estate property is far more complex and differs vastly from a residential valuation. Many experts say that carrying out a valuation on a commercial property is not just highly subjective in nature, but can also prove to be an immensely difficult learning experience for the owner. Here are the often used methods … (more…)
Today, home owners can take the road less traveled when attempting to make an earning on their property investments. One such lucrative route is that of corporate rental apartments. Home owners are increasingly finding that turning their properties into rental apartments for large corporations can be reliable and advantageous. Here are a few perks that you can look forward to.… (more…)
As materials and tools become increasingly easy to access, many home owners prefer to take on home projects that they can do on their own. Many find that DIY is a cost-effective option that allows for creative liberty. However, as a home owner, you have to realize your capabilities and analyze the requirements of the project before deciding on whether … (more…)
Property cycles are vastly determined by ongoing and upcoming economic, demographic and emotional factors that impact demand and supply. The concept of property cycles was first introduced by Homer Hoyt in his book ‘100 Years of Real Estate Values in Chicago’. Since then, property cycles are a keenly studied entity especially in commercial real estate where land or real estate … (more…)
The real estate market is something that has seen a lot of volatility in the last few years, but as of now, investing in real estate seems like a good option as the market has certainly perked up. Investments in real estate, especially for those with low income may seem out of hand, but it is possible to make long … (more…)
Buying a home is possibly one of the biggest monetary commitments you will make in your life. So, it is important that you make well-informed decisions and avoid the obvious pitfalls. Take a look at the common mistakes investors make when buying a home.
- Leaving it to the experts: Relying on expert advice is always recommended, you have to
If you have an apartment that you would like to sell, but are holding it for a better deal, or if you just want to rent it out, but are not very confident, you can consider corporate rentals. It is a trend that has caught on in the last few years and can be a very profitable turn if done … (more…)
You could be moving to a new place for a couple of months or may be looking for a place to stay for just a few weeks. In such a case, instead of staying in a hotel, it is better to get a short term apartment on lease. Short term apartment leases mostly last for less than six months and … (more…)
Where is it located?
If you invest in apartments located in the main parts of the city, you stand a greater chance of earning higher returns. It is … (more…)
If you have good writing skills, you can perhaps become a writer; if you are an impressive orator, you can probably take up motivational speaking. However, what does it take to become a master in real estate investment? Can certain skills help you nail real estate deals better? Certainly they can. Here is a look at some of the most … (more…)
It is no myth that good tenants are hard to find and if you are lucky enough to have decent tenants that do not cause too much trouble, take care of the property, and make all the monthly payments. You do not want to loose them, but you are running a business, and turning up profits year after year is … (more…)
Having great tenants occupy your property is something that every landlord wants and needs, but few find. You may have a nice house, well stocked and furnished, but if you have no way to tell people, there is really no point to it. A perspective tenant who is perfect for the house as well as you as a landlord may … (more…)
REITs are investment opportunities for those who want to get into the real estate market, but do not want to take on the risks and the other foot work required. It is a system modeled after mutual funds. Mutual funds pool in cash from a number of investors and create a basket that is then put into the stock market,… (more…)
To grow a professional reputation as local landlord, or to retain quality tenants, you must put yourself in the shoes of your tenants and think about the things that they look for. Good tenants who will take proper care of your property, pay all the bills on time and report problems responsibly can be demanding in their own terms and … (more…)
Among the many things that go into the successful running of a rental business is cultivating healthy tenant relations. It is one of the most important things that go into building a business. There are many landlords that have no contact with their tenants unless there is rent collection or repairs involved and that may not be a very business … (more…)
Your heating system need constant maintenance as it conditions the air inside your home. It has been reported by the EPA that air quality indoors may sometimes be worse or equal to the quality of air outside the house, with a number of contaminants.
Why replace furnace filters?
Furnace filters run the air taken in through a number of layers … (more…)
If you are a landlord who has and manages a number of properties by yourself, you may already have a lawyer as part of your business. If you are only just starting out, you may still not have a go to lawyer, but it is vital that you get one as soon as possible. Even if you feel otherwise, there … (more…)
Real Estate 411 is published and managed by Linda Pliagas. The magazine was founded in 2007 and since then has steadily raked up a number of loyal fans and followers over the years. The magazine is targeted at investors and seeks to help them acquire and grow their businesses. The publisher of the magazine has collected a vast amount of … (more…)
Being a landlord is hard work. Not only do you have to deal with your tenants’ complaints, but you also have to make sure that every decision you make is finely balanced between customer service and making profits from your business. Here are a number of things that can be called beginner or inexperienced landlord mistakes and you should avoid … (more…)
An air conditioning unit requires regular maintenance to be able to perform effectively and efficiently all through the years. Neglect that, and your air conditioning unit’s functionality will steadily decline along with an increase in energy consumption as well. So if your air conditioning system is beyond repair and you’ve already made your mind to replace it, here are a … (more…)
First impressions leave the best impressions and it is said that people normally make up their mind within mere seconds whether or not to purchase a home. Doing that, however, can lead to a lot of bad, expensive decisions. The person selling off the house that you are looking at will only point out the best features and highlight them. … (more…)
The internet has become the go to place for buying or selling just about anything. It is also the first place people look to when thinking about buying things, if not to buy, at least to get get a feel of the product and a general idea about prices and availability and the current climate of the market. Magazines, however … (more…)
There are times when you might want to sell your home, or one of the properties that you own. You may be moving out of the locality or don’t want to live there anymore. Also, if you are in a hurry, it is not advisable to dispose off the house as you may be tempted to take the first offer … (more…)
When it comes to flooring, up until about a decade ago, the choice was clear. Either carpet or hardwood floors. The trends decide what brings in more in terms of rent. The late 80’s and early 90’s had a carpet rage which lasted about till the early 2000’s. Currently, people are getting back to hardwood flooring and the costs have … (more…)
It is well known that it is possible to get the best value out of a rental when the house you put out in the market is full of all the bells and whistles that a prospective tenant might want or like. If your house is located in a favorable location and the rent in the area is comfortable, then … (more…)
Lead is a metal that was seen as highly useful part of many chemical processes and was extensively used in manufacturing industries till about the mid 1970’s. Lead turned out to be highly toxic, and because of it’s makeup, readily gets absorbed into the body. Lead poisoning is connected to a number of health problems of the heart, liver, lungs … (more…)
Depreciation is an accountancy concept and it is applicable on all tangible assets. It shows how, over time, the money value of the asset reduces. In the case of real estate, the building that you rent out, will, over the years reduce in value because it will wear out and many parts of the building may become entirely obsolete. The … (more…)