The Great Debate: Which is Better? On-Site or Off-Site Property Management?
After investing in a real estate property, you have one big decision to make: choosing how to manage your property. As an investor, you might not have the time to use a hands-on approach to managing your property, so you hire a property manager to do it for you. There are actually two options available:…
Read MoreThe Different Types of Rental Properties & Which Is Best for You
Rental properties are available in all shapes and sizes. If you have decided to make a real estate investment, rental is one of the best options available since it is relatively low risk with a potential for high rewards. The fact, though, is that the success of your investment relies heavily on the types of…
Read MoreWhy It’s Okay to Outsource Your Property Management
It is one thing to invest in real estate, but making it profitable requires experience and knowledge. Unfortunately, not all investors have the time and knowledge to manage the property on their own. This is when outsourcing property manager services can prove to be of value. However, outsourcing also entails its own set of risks. …
Read MoreUnderstanding Real Estate Appraisals—And How You Can Influence Them
As an investor looking to get the best out of your investment property, there’s one thing you cannot afford to miss – the real value of the property. This is why you need a rental property appraisal. What is it, and how can you influence it? What is a rental appraisal? The value of…
Read MoreUp-and-Coming Real Estate Markets to Watch in 2022
The year 2021 was a wild ride for real estate investors and professionals. It was plagued by a shortage of construction materials causing the cost of new home constructions to go through the roof. In addition, the interest rates hit rock bottom causing the demand to skyrocket, which resulted in the perfect storm for increased…
Read More1031 Exchange Rules: What You Need to Know
In the real estate industry, the term 1031 exchange is based on the IRS Section 1031 that is considered by savvy investors as a strategy to build wealth and defer capital gains taxes. Is this the right real estate investment strategy for you? First, you need to understand how a 1031 exchange works and the…
Read MoreHow to Evict a Tenant Quickly
A tenant who does not pay rent on time or defaults on payment is a no-no for any real estate investor. Not only do they affect your bottom line, but they can also drag you into a legal mess with the eviction process. For landlords, knowing how to evict a tenant quickly and legally is…
Read MoreA Breakdown of Commercial Property Management Fees
Managing a commercial property is far more complex than residential real estate properties. Unless you are a highly experienced investor, it is often wise to work with a property management company to improve on the profitability of your investment and to achieve your ROI in the long run. But in exchange for the professional service…
Read MoreIs Baltimore a Good Investment?
According to this Baltimore Sun report, the real estate market in Baltimore is vibrant and doing extremely well, with some properties selling in as little as 6 days. Known as the “City of Neighborhoods”, this is good news for anyone looking to invest in real estate in the city. There are several neighborhoods to choose…
Read MoreEssential Property Maintenance Services for Landlords
Being a successful landlord requires wearing many talents: from advertising and marketing your rental property, finding and screening tenants, taking care of the finances and paperwork, and more importantly, keeping the property in a good livable condition. Doing preventative maintenance and emergency repairs is part of the job description. After all, you want to take…
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