Raising the rent is something I struggle with. I think there is a trade off between making a larger profit and maintaining good tenants. Overall, we have great tenants and I wouldn’t want to lose them over a rent increase. So, what is reasonable?
Read MoreIf you are a landlord, you have probably heard the most recent news from the CDC halting evictions for non payment through the rest of 2020. Considering evictions in my home state of Pennsylvania were halted back in May, its been a tough year for many landlords. As far as I am aware, there is no relief for landlords who still need to pay their bills, despite the lapse in income.
Read MoreWhen it comes to purchasing an investment property, there are multiple ways to do it. You can get a loan, you can use equity, or you can use cash. There really isn’t a right or wrong way to do it, it mainly depends on your goal for the purchase.
Read MoreRetaining good tenants for many years is the best case scenario you can have when renting your apartments. Most people don’t like going through the tenant application process and filling vacancies (I know I certainly don’t!), so what can you do to keep good tenants?
Read MoreRentals or flips? People are often very passionate about one over the other. A lot of this may stem from comfort, or just bad luck with a reno or a tenant. There’s always someone that has a horror story. One very bad tenant can make you think twice about the rental industry. Obviously we have dealt exclusively with rentals, but I think there are definitely some pros and cons to each.
Read MoreAccording to the Real Wealth Network, the definition of a pro forma is a method of calculating financial results in order to emphasize either current or projected figures. A property's pro forma in real estate are its cash flow projections. So to make things simple, when you are looking to invest in real estate, a pro forma is essentially an income and expense sheet.
Read MoreSo for starters, the BRRR strategy stands for BUY, REHAB, RENT, and REFINANCE. I have also seen where some add another R to the end (BRRRR) which means REPEAT. It’s a pretty straight forward concept, but we personally had some variations with the refinance aspect of it. Want to know how it works? Read more here.
Read MoreBuilding equity in properties has been key to our success. We buy cheap, build equity, and utilize that equity for the next project. It’s the same concept whether you are buying rentals or buying a home. So here’s a couple ideas to help you get the most out of your money.
Read MorePurchasing your first rental is often the most difficult one you’ll purchase. Everything is new and you don’t want to screw up. But as long as you learn from your mistakes and keep pushing forward you’ll be on the right track.
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