Author: Memphis Buy and Hold

Rental real estate is a solid way to make money. I'm particularly fond of residential properties, because people have to live somewhere. But it's not for the faint of heart.

Today we’re talking about the top three costs of owning a rental property. This blog article won’t be about the nitty-gritty stuff that could cost you money on a rental property; it’s going to be about the people component.

Apartment owners today are finding themselves in a situation like no other they have ever faced before. The profound effects of the coronavirus are not only challenging their property’s daily operations but also upending their tenants’ lives.

The best type of tenant improvements are those that not only make the place look better and the tenants happier, but those that improve your revenue thus increasing your ROI.

While dealing with property, you are often in a dilemma, deciding whether or not hiring a property manager would benefit you. Your need for a property manager could depend on a lot of factors; the distance from your property, if you're a first time property investor, or your inability to deal with tenants.

I’ve been getting a lot of questions about what I’m doing during this quarantine time—what I’m doing to my rental properties and how I’m adapting to the situation as it is today. I want to talk to you about how I’m adding value to my properties while the world’s essentially on pause.

During this trying time in real estate, any owner or operator of rental properties should remain up-to-date on any and all financial resources available to the public. Not only for you, but for your tenants.

What if you want better cash flow from your rental properties? You can’t just raise the rents arbitrarily. If tenants leave, income goes down, not up. There are other ways, though, to turn to in times of uncertainty.

To help other new and prospective landlords out there, here is a quick checklist of things you’ll probably want to start thinking about before you’re ready to rent that first property.