There are two scenarios in which you would raise rent. Those are between tenants and with an existing tenant in place. First, think about why you would raise rent. Being a landlord is a for-profit business, and there are many factors that affect your profitability. One of those factors is the amount of rent you… [Read More]
A rental property is like a car. If you don’t properly maintain it, it will probably let you down. If you’re wondering how to protect and maintain your rental property, we recommend the following three things.
A credit report can tell you a lot about a potential tenant’s attitude towards paying bills. It’s a lot more than just the credit score. There are three things we recommend you judge when you’re looking at a prospective tenant’s credit report.
Many experienced landlords have moved their properties and put them into LLCs. Today we are talking about the reasons for that move, which is primarily to protect themselves from liability. Once you put your house on the rental market and you begin earning income from it, you have to change the way you think about… [Read More]
This is Part 2 of our blog series addressing what type of rental property to buy in Tampa. In Part 1, we talked about multi-family properties, so today we are talking about single family properties. By single family, I mean single family homes, townhouses, and condos. They are not multi-family properties. I have owned both… [Read More]
If you’re an investor wondering what type of rental property to buy in Tampa, we are looking specifically at the differences between multi-family and single family homes. By multi-family, I mean anything from a duplex to a large apartment building. I personally have owned rental properties for more than 30 years, with both single and… [Read More]