Eviction for a self-managing landlord

Eviction for a self-managing landlord

January 24, 2023Posted inLandlords, 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.
flip

What is live-in flip

January 20, 2023Posted inInvestors, 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.
investment

What is cash-on-cash return

January 20, 2023Posted inInvestors
Cash-on-cash return is a measure of the cash income generated by a real estate investment property compared to the cash invested. It is an important metric for real estate investors to consider when evaluating the potential profitability of a property. In this blog post, we will discuss the basics of cash-on-cash return and why it is an important factor to consider when evaluating the potential profitability of a real estate investment.
house-hacking

Why new real estate investor should consider house hacking

January 18, 2023Posted inInvestors, 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.
a couple looking at the document

How to prescreen prospective tenants?

January 17, 2023Posted inLandlords
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

January 9, 2023Posted inFeatures, 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?

January 3, 2023Posted inInvestors, 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

December 27, 2022Posted inInvestors, 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.