Are you in a position to consider buying your first investment property? Congratulations! Relatively recent studies have shown that the average return on rental investments is almost twice as high as the average return on the Dow Jones market. You may be entering an excellent opportunity for a passive income stream to fortify your earnings.
We aren’t born to be landlords. There is no inherent knowledge provided to us by the heavens of the proper way to manage rental properties and tenants. It’s something we learn, often on the fly, after we have acquired the property and usually after we have installed tenants.
Learning from mistakes is the costliest way to become a landlord. This blog post will help you avoid some of the most damaging mistakes that landlords often make, and help you protect your investment and profit-margin.
Are you interviewing management companies and property managers? Here are some things to consider.
Hiring a property manager to care for your property is a big decision. You'll want to know that your asset is taken care of and that the company you choose to work with is professional. Most people know to search for a well-known, reputable company, but what are some other things you should consider when looking for a property manager?