5 Ways Landlords can Maximize Profit from Rentals
The good news is that increased supply isn’t putting a damper on rent amounts, which continue to rise as newly built homes and apartments tend to command a premium. But savvy landlords know that they need to act now to future-proof their profits against the potential for losses from higher vacancy and home-ownership rates as the economy recovers. Here are five ways that landlords can maximize profit from their rental properties: 1. Increase the Rent, but be Competitive If you
Savvy Advice to Landlords from Forbes.com
Purchasing your first rental property is both thrilling and overwhelming. Being a new landlord comes with an array of challenges, victories and inevitable mistakes. As someone who became a landlord at the age of 19, I have been through it all — the highs, the lows and the trials all first-time landlords face. Rental properties can be an outstanding source of income. However, in order to be successful as a first-time landlord, you must constantly learn and adapt. For landlords
5 Rental Home Renovations That Are Worth Your Money
It’s easy to get carried away when renovating a property. If you haven’t made the mistake of “over-renovating” a rental, then I would like to congratulate you. When an investor over-renovates, they add upgrades and features that are not necessary to get the house sold and therefore, they eat into their profits. Tarek and I have definitely made a few renovating mistakes over the years, and it’s a very common mistake made by first-time real estate investors. If you’re wondering
