Purchasing property below market value is a popular way for investors to generate excellent returns. Unfortunately, finding such discounted properties has become increasingly difficult in recent years due to rising housing demand and increased prices. However, deals can still be found by investors who exercise patience and diligence to acquire the right property at the …
5 Sources of Rental Property Deals
How (and Why) to Invest in a Joint Venture
A real estate joint venture is a business arrangement in which two or more parties pool their resources to invest in a property and divide the responsibilities and profit, hopefully illustrating the adage, “Two heads are better than one.” Joint ventures have become an increasingly popular approach for taking advantage of profitable real estate opportunities …
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What are Gen Z Renters Looking For?
Generation Z is the latest generation to begin striking out on their own and forming new households. The U.S. Census Bureau defines Gen Z as those born between 1997 and 2013, meaning its oldest members are turning 27 this year. As more of this diverse, well-educated, and technologically savvy generation enters the housing market, what …
Book Review – Real Estate Investing Gone Bad
Most real estate investing books extol passive income and other advantages of owning an investment property. But as any experienced landlord knows, real estate investing doesn’t always mean successful deals and passive monthly rent collection. Sometimes, units stay vacant for months, maintenance costs soar higher than profits, or tenants must be evicted through an expensive …
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How Should Landlords Calculate Travel Expenses?
From giving tours to prospective tenants to maintenance work to performing inspections, many aspects of a landlord’s job often need to be conducted on the premises. Fortunately, the IRS allows landlords to deduct the expenses of traveling to and from their rental units and other business-related activities. But since travel expenses are one of the …
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7 Ways to Increase Cash Flow from a Rental Property
Owning rental property can be a great way to reach your financial goals. With a positive cash flow, a landlord can build equity, earn profits, and expand their portfolio. But higher-than-expected vacancies, operating costs, or repair needs can quickly turn what should be a lucrative asset into a financial drain instead. What should a landlord …
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Setting Occupancy Limits for Rental Units
More residents in a rental unit can mean increases in noise, amenity usage, and wear and tear. Overcrowding of a living space might even result in damage, safety hazards, or filth that attracts undesirable pests. For landlords looking to avoid such problems, setting occupancy limits for their rental property seems to be an easy solution. …
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Book Review: The Book on Rental Property Investing
If one of your 2024 goals is increasing income from your rental properties, add The Book on Rental Property Investing: How to Create Wealth with Intelligent Buy and Hold Real Estate Investing to your bookshelf. In this book, successful real estate investor and Bigger Pockets Podcast co-host Brandon Turner shares how he’s gained financial freedom …
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How to Convert a Vacation Rental to a Long-Term Rental
Due to market oversaturation, reduced stress, and steadier income, many landlords are transitioning their vacation properties to long-term rentals. (For a more detailed look at the factors to consider, see our post on Why are People Converting Vacation Rentals to Long-Term Rentals?) Once a property owner decides to convert his property, what’s next? How can he …
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5 Ways AI Could Impact Your Rental Business
Artificial intelligence, or AI, features in the news increasingly frequently as its capabilities encompass more industries and applications. AI has already impacted the real estate industry for some time, but its influence will continue to expand as investors find new ways to harness its potential. As this technology revolutionizes the way investors buy, sell, and …
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