10 things to consider during an investment property showing

By Chad Gipson February 7, 2023Features, Investors, Landlords, Product

When you're in the market for a new investment property, it's important to know what to look for during a property showing. A property showing is a tour of a potential investment property, and it's an opportunity for you to evaluate the property's condition, features, and potential for rental income. Here are some key factors to consider during a property showing.

8 steps to buy an investment property

By Chad Gipson February 7, 2023Investors, Landlords

Investing in real estate can be a profitable venture for those who know how to find the right investment property. With the right strategy, investors can secure a steady income stream, build wealth, and achieve financial independence. Here are some tips on how to find investment property that will help you make smart investment decisions.

Ways to use HELOC for Real estate investing

By Chad Gipson February 7, 2023Investors, Landlords

Using a HELOC for real estate investing can be an effective way to finance your investment properties. It offers low interest rates, flexibility, and tax benefits, making it an attractive option for real estate investors. However, it is important to use a HELOC wisely and manage your credit to ensure that you are getting the best results.

Eviction for a self-managing landlord

By Chad Gipson January 24, 2023Landlords, Tenants

Eviction can be a difficult and stressful process for any landlord, but it can be especially challenging for self-managing landlords who may not have the same resources or support as larger property management companies. However, by understanding the legal process and being prepared, self-managing landlords can navigate the eviction process with confidence.

What is live-in flip

By Chad Gipson January 20, 2023Investors, Landlords

The live-in flip strategy is a popular method of real estate investing where an investor purchases a fixer-upper property, lives in it while making renovations and improvements, and then sells it for a profit. This strategy can be a great way for investors to gain hands-on experience in the renovation process, build equity in the property, and potentially increase the property's value.

Why new real estate investor should consider house hacking

By Chad Gipson January 18, 2023Investors, Landlords

House hacking is a strategy in which an individual purchases a property and rents out a portion of it in order to offset their housing expenses. This can be done by purchasing a multi-unit property, such as a duplex or triplex, or by purchasing a single-family home and renting out rooms. The benefits of house hacking are numerous and can help individuals achieve financial stability and even wealth over time.

How to prescreen prospective tenants?

By Meng Chen January 17, 2023Landlords

Prescreening prospective tenants is essential to reduce your overall turnover time commitment while still getting the best tenant possible. A quick phone call or a short survey can quickly filter out prospects that are either not eligible or aren't a good fit (typically due to timing). So, in this article, we'll discuss the benefits of prescreening, how to do it properly, and certain things to watch out for.

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Landlord Accounting Basics – Basic Approach

By Meng Chen January 9, 2023Features, Landlords, Product

Managing rental properties is no different from running a small business, and it's crucial to get the bookkeeping and accounting processes right, especially for self-managing landlords. The minimum bookkeeping standards should meet the IRS bookkeeping requirements for compliance. In addition to being compliant, we should also setup our system in a way that's efficient for us to handle all the tedious accounting tasks.

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Should I self-manage rental properties?

By Meng Chen January 3, 2023Investors, Landlords

If your goal is to stay passive and hands-free, using a property management service would be a reasonable choice. If your goal is to become financially independent and successful in the long run, self-managing rental properties are essential. In this article, we discuss the real value proposition of a property management service and how is applicable to you, as a landlord. So, you can make a better-informed decision on how to manage your rental properties.

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5 Most Common Landlord Mistakes

By Meng Chen December 27, 2022Investors, Landlords

For some, it may sound easy to be a landlord, just acquire a property, make necessary repairs and rent it out to tenants. As long as the rent covers the mortgage, tax, and insurance, you can make cash flow each month. However, the truth is that to successfully manage a rental portfolio, it takes more than doing the math right during the acquisition, it also requires you to be professional and have business thinking during the management process.