Category Archives for Income Properties
Landlording Sucks (and What to do About it!)
While rental houses are a great line of business to get into in order to make consistent cash flow and long-term wealth, there are a few things to consider before jumping into the fray. This is particularly true if you are considering managing them yourself. There are all kinds of reasons that rentals are a […]
Continue readingWhat Can I Do if a Tenant Abandons My Property?
Have you ever had a tenant leave in the middle of the night or the middle of an eviction? Did you ever wonder what to do when the tenant abandons the property? Basically, when a tenant abandons the property, you do not need to file an eviction or wait for the sheriff. You can change […]
Continue readingIllegal Discrimination in Housing
You want the best tenants in your property, so you have to be choosey, particular or… dare I say… “discriminatory”! But not all forms of discrimination are illegal. It is illegal discrimination only when you discriminate against people who are a member of a “protected” class. The Fair Housing Act of 1968, as amended, prohibits […]
Continue readingMaster Lease Option for Apartment Building Strategy
Why buy an apartment building when you can RENT one? If you are buying an apartment building with the intent of improving and flipping it within a few years, the Master Lease Option for Apartment Building Strategy may be the way to go. Instead of going under contract, raising the down payment through syndication, and […]
Continue reading10 Easy Ways to Spruce Up Your Rental or Rehab
It’s easy to fix up your properties if you have unlimited cash. However, you need to keep your repairs to a minimum to stay profitable. You also need to keep your properties in good shape to attract tenants or buyers. It also has a lot to do with your knowledge of how rental properties work with […]
Continue readingTax Writeoffs on Rental Properties
One of the main reasons people invest in real estate is for the beneficial tax break it provides. The tax breaks are most substantial for middle-income investors who are their own property managers. The value of tax relief depends on your annual income and what type of job you have. Even though the breaks are […]
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