Mortgage Insurance Vs. Mortgage Protection
Mortgage Protection and Mortgage Insurance sound like they should represent the same coverages, but they don’t! These two terms serve a dramatically different purpose in protecting both lender and buyer from financial hardship if tragedy strikes a family.
Homeowner’s Tool Guide
Owning a home is a source of excitement, but can also result in anxiety when updates and repairs are needed. Owning a proper toolset will help a homeowner to prepare for those moments when something goes awry and also help to customize the home with decor, shelves, and fixtures that suit their unique style.
Eviction Best Practices
Evictions are costly and time consuming, but sometimes are necessary to protect your real estate investment. If you need to perform an eviction, be sure to follow these tips, review state regulations, and consult a professional for additional guidance.
Buy Now or Later? Market Trend Analysis
If you are afraid of the current unstable housing market, is it best to sit this round out and wait for next year or would it be better to get into the ring and make an aggressive offer to purchase a home? Get advice from the experts and make decisions based on the current market and next year’s market predictions.
Benefits of Monthly Leases for Landlords
Short-term month-to-month rentals are very different than long-term leases, but they can be an asset to both landlords and tenants! Check out these pros and cons as we compare the short-term monthly tenancy to a more common long-term rental from a landlord’s perspective.
Avoiding Home Buyer’s Remorse
After making such a critical purchase, it is common for a new homeowner to experience twinges or full-blown buyer’s remorse. After spending time living in the home, a buyer will be more aware of the home’s flaws that would have been overlooked while shopping. Use these techniques to overcome remorse and fall back in love with your new home!
Dealing with Difficult Tenants
Every landlord hopes for a healthy relationship with responsible tenants, but this is not always the case. Disagreements can occur for any number or reasons, and it is important to have an action plan for when those conflicts occur. Here are key steps in developing clear and consistent communication with even the most frustrating tenants!
Insuring a Rental Investment
Purchasing the right amount of insurance can make or break an investment property! Careful consideration about the location, portfolio, risk, and optional coverages can offer a landlord much needed financial assistance when nature takes its course, or a lawsuit is presented.
Agricultural & Vacant Land Tax Benefits
Real Estate is a diverse asset, and the investments are not limited to rental income potential. Agricultural land and vacant properties have unique tax benefits that diversify a real estate portfolio. These investments can be very affordable because they are taxed with more diverse deductions, include depreciation on assets, have limited capital gains, and can sometimes be under the personal tax instead of a commercial one.
5 Investing Pitfalls
Real Estate Investments have significant potential for income, but they also carry potential for risk. These risks can be mitigated by avoiding these 5 pitfalls when considering a property for investment.
Renting to Friends & Family
It can be tricky to rent a room or apartment to friends and family members. The screening process can be awkward, asking for a month down might be insulting, and handling extension requests can be complicated. So should you avoid this completely or just use best practices?
An Investment Condominium
Condominiums offer a unique set of pros and cons for potential investors. They are very profitable and low maintenance in the right market, but there are elements of owning a condo that are not within the investor’s control and could still dramatically affect the income potential of the property.
Low Risk Real Estate Investing
Real estate investment can be a profitable venture, but only for those with the right mindset, skills, and knowledge! How can you determine if this investment opportunity is right for you while carrying minimal risk? Try these investment methods that are low-risk but offer a taste of what owning your own investment property would be like!
Tips for New Landlords
Becoming a landlord can be intimidating, but here are some tips to ensure that you have a proper relationship with your renters and that you are ready to manage the property.
Estimating Rental Income
When shopping for an investment property, it is vital that a potential buyer can properly estimate the rental income on the property. Monthly expenses need to be considered along with potential vacancies, property management expenses, and property repairs or updates. With an inaccurate estimate, it is likely that the buyer will overpay for the property and not receive a proper return on their investment.
When to Replace Flooring
A new house comes with new floors, but a pre-owned home can come with a variety of flooring materials and very little knowledge of when they were installed or what quality was purchased. So how do you know when the floors need an update?
Planning for a Home Garden
Are you considering a garden location for your newly acquired space? Whether you intend to spend more time outdoors, enjoy the harvest, or smell the roses, here are some tips and precautions to get you started!
Black Friday Real Estate Deals
As Black Friday approaches, look for sales, deals, and promotions that can benefit you as a home buyer!
Buying a House with Bad Credit
Bad credit can be really discouraging, but don’t give up hope on owning your own home! Yes, it will require more determination and long-term goal setting, but you can make the purchase and work towards improving your credit.
Buying Abandoned Property
Buying abandoned property can be a successful investment for those with the means to invest time, money, and energy into the property. However, the hardest part can be finding the owner and claiming the property! Once that is done, the next hurdle is finding out how damaged the property is and whether it can be repaired for a reasonable price.