If you are thinking of becoming a landlord, you will need to know how to effectively communicate with tenants to resolve issues and complaints. As many landlords will tell you, there are good tenants and then there are bad tenants. Bad tenants tend to make your job as a landlord difficult, stressful, and all-around just a headache.
Real estate has some tremendous superpowers—not the least of which is its ability to help you find financial freedom and leave your terrible day job. Do you want to travel the world?
If you have a vacant unit that isn’t renting there are a few things that could be the issue. While you could always lower the rent until you get some applications, there are other things you can do instead or in addition to.
We’ve noticed that a lot of landlords have different approaches to the way they deal with tenants. We’ve come up against countless tenant issues over the years, from late rent payments, tenants dodging phone calls and emails, and some crazy property damage that we’ve seen inside units, and we’ve also encountered landlords who think they can avoid all of this by having friendlier tenant relations.
Thinking about dabbling in real estate investing? Why not start today? In order to be successful in real estate investing, you have to take action. You must have a plan, and your plan should outline your action steps. So why not get started today by following these steps?
Whenever I give this piece of advice, I often get blank stares. It is a very different approach to what most property investors take. But it is actually a smart strategy when you start to understand the reasons why.
Everyone worries at least a little about how they will fund their retirement. For some the day of retirement is closer than they really feel comfortable with, and they need a way to increase their savings soon.
Today, let's talk about your properties and what you can do to protect them. Some of you might have recently acquired a property or invested in one but don't really know how to protect the investment long term. It's hard to not have assurance on the protection of an investment you spent thousands or millions of dollars on. It's best that hear from personal and professional experiences on how these people were able to go about protecting their investment.
Real estate is an excellent way to create a substantial net worth and owning rental properties can be just the thing to get you there. However…this is not a get-rich quick plan…
Some of the perks of investing in real estate are capital preservation, cash flow, property appreciation, tax benefits—all words that are music to an investor’s ears. But how much money to start investing is actually needed to make a minimum investment?