When you invest in a single family home, you want to buy one that will make the best rental property. I have been investing in residential properties since the mid-1980s, and I have learned that not every single family home makes a good investment. Today, I’m sharing three tips.
Tampa Property Management Articles
Today, I want to talk about what I see is the missing piece of most real estate investment financial analyses – reserves for replacement.
Can I use a home warranty? If you currently have a home warranty, property managers will use it. However, we will ask you not to renew it for two main reasons. The first reason is that home warranties are not tenant-friendly. The second reason is overall, they cost you more money rather than they… [Read More]
I recently heard a quote: A rental property with a good tenant is an income producing asset, whereby a rental property without a tenant is a liability because it just sits there losing money. I love this quote because it illustrates the importance of your tenant to your rental property, and why it’s important to… [Read More]
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.