Depreciation in real estate is a tax strategy that, when used effectively, can help you be even more successful with your investment. Here are some key things to know about building wealth with depreciation. Depreciation as Defined by the IRS Depreciation is an...
If you own rental property, you are a landlord. Whether or not you manage the property yourself, you still own the space and any final decisions regarding the property will always be yours. As you pursue a path in real estate investing, it’s imperative to consider...
Personal Finance 101 tells us to always save for a rainy day, but as property investors, it’s more like we need to save for rainy months. An emergency fund, also referred to as a reserves account, helps shield you from financial disaster when other types of unexpected...
All real estate investors have goals for their properties, but not everyone has taken the time to develop an overarching philosophy when it comes to their approach to investing, but they should. A clear investment philosophy is like having a roadmap to guide your...
Getting a property ready to rent for the first time or turning over a unit between tenants should be done with speed and efficiency. The faster you do it, the more rental income you can earn and the lower your overall vacancy rate will be. The more experience you get...