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The ado about tax season slowly abates. The time has come to breath out and take a proper look on work you have done. Was it hard? Are you going to stress about an audit for the next three years? Well, we have some tips for your next tax season!
So, the biggest tax reform in the last 30 years was signed this past December and took effect in January of 2018. It has some positive and negative impacts to your current investment strategy, but let’s make it a great thing for your future strategy. Here is how this tax reform affects real estate investors.
As a Landlord you might not care if your renters have insurance or not, because you already purchased a landlord policy which covers your property for fire and liability, but did you know that renter’s insurance also covers your property? Yes, it covers tenants who lose everything to fire or burglary, but it can also be used in the event your rental is damaged.
Becoming a landlord is a profitable move, but sure you have to learn how to do it properly. Joe Edgar shares tips from his experience with landlords who are setting out to grow their investment portfolio. Specifically, this blog tells what to look for in your first rental property.
We live in such times where everything changes quickly, prices and costs increase, which sends rental rates across the nation up as well. As a landlord you find the costs of maintaining your rental will increase and you will be forced to sell or increase the rent.
Essential information is needed before becoming a tenant. Having this, along with a lease, is crucial for recovering your rental if issues arise. Ensure you have the minimum details to protect your rental asset and maintain income.
The Federal Reserve Bank of Boston, David Zhang, breaks down the survey of consumer payment choice and how rent is paid. The majority of payments are still non-electronic, but the trend in digital payments is increasing.
You may not know your tenants well enough to be friends, but a lease puts you in a committed relationship. A lease creates a bond that can end well or on bad terms. Today we talk about some ways to help in keeping that relationship healthy from the start.
Finding a new tenant can feel like seeking a spouse, with stages similar to dating and commitment. While love at first sight may not be as genuine in rentals, it can still be time-consuming. To avoid ending up with Mr. Right-now, consider simple strategies like requiring an application fee.
