As real estate markets around the country are booming, many investors are deciding to sell their rental properties. If you decide the time is right to sell, the next step is determining whether selling your rental property with Tenants in place or waiting until they leave is right for you. Read more…
In a normal rental market, prices begin rising in the spring in anticipation of the peak rental season, summer. This year, however, COVID-19 has substantially disrupted rental trends and made some notable changes in the rental markets in major cities throughout the United States. While changes in the amount of Read more…
As a landlord, rent control is likely something that you’re in tune with, especially with it making headlines recently. In the past few months alone, Berlin has announced a five-year ban on rent increases, while California passed a law with the nickname the “anti-rent-gouging bill.” But before you panic, it’s Read more…
Being a successful property manager means juggling a lot of things. From advertising a listing to personalizing the property and optimizing the price, AllTheRooms, a vacation rental data provider, has provided its top tips on how to be a successful short-term rental property manager. 1. Know the Market In order Read more…
Getting involved in real estate investing is a rollercoaster by its very nature. Your emotions can rise to their best and sink to their lowest each and every time you bid on a property. It can be discouraging, feeling like you are always on one end or the other of Read more…
Planning for your estate is not the most enjoyable task, but it is essential. Having a will and estate plans in place will save your heirs the difficult task of deciding how to divide your assets. Creating your will and codifying your estate plans can be expensive, but it Read more…
Selling FSBO does not guarantee more profit in your pocket just because you are saving on realtor costs. Furthermore, while some FSBO do work out well, they are not all equal, as they depend on the house and the market. This summer, between our personal homes and those of our family, we sold or facilitated the sale of six homes in four different states. Two of these homes ended up being sold For Sale By Owner (FSBO). In the end, one of these deals was the perfect situation for FSBO, and the other was a disaster. We not only had to deal with a lot of headaches, but we also lost $15,000 of potential income, even after taking potential realtor expenses into account.
One of the fastest growing trends in real estate is returning a higher profit by turning a property into a furnished short-term rental, typically either as a corporate rental (30 days or more) or vacation rental (less than 30 days). We personally have turned two of our houses into furnished rentals aimed at the corporate rental client for off-season and vacation rentals for peak season. While for us, furnished rentals have been a blessing, there have been a lot of consequences to this decision. The key is deciding if this makes sense for you and your situation.
Landlords across the nation had a unique perspective last year when it became clear that one of their own would be moving into the White House. Real estate investors couldn't help but hope for an income boost since, while the new president's current financial success is closely tied to branding efforts, his family built its fortune on New York residential real estate.
Hopes for cuts in taxes and reduced government oversight excited investors and capitalists of all stripes, writes the New York Times' Gretchen Morgenson.
“When Donald J. Trump won the presidential election, investors seemed positively giddy about what he was going to do to improve the nation’s economy. Believing that his promises to reduce corporate taxes and curtail costly regulations would unleash economic growth, investors pushed stock indexes to new heights,” writes Morgenson.
Carrie Kirby and her family faced a tough choice when they left Chicago in 2012 to return to California. The Chicago Tribune columnist wrote about having to decide between selling her and her husband's Illinois home at a loss or becoming landlords. They chose the latter.
Many homeowners confront this same scenario, as circumstances force a family to move.
It could be landing a new job, searching for better schools or even inheriting a property. With the housing market beginning to pick up, many hope that selling the old house will be a snap, but the fear is that if it doesn't sell quickly, there will be two mortgages to pay.
More people than ever before own two homes. Sure, some of those dual addresses belong to owners who deliberately bought a vacation getaway property as a second home. Others, however,
own two properties because their “old” house is languishing