by Peter Lohmann | Aug 6, 2024 | Owner Education, Property Maintenance, Property Management Education
A well-drafted lease agreement protects your interests as a landlord as well as your tenants’. If it’s been some time since you’ve reviewed your lease agreement or if you’re drafting one for the first time, read on for some important clauses to include. 5 Essential...
by Peter Lohmann | Jul 23, 2024 | Investing in Rental Properties, Owner Education, Property Management Education
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...
by Peter Lohmann | Jul 16, 2024 | Owner Education, Property Management Education
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...
by Peter Lohmann | Jul 9, 2024 | Owner Education, Property Management Education
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...
by Peter Lohmann | Jun 25, 2024 | Owner Education, Property Management Education
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...
by Peter Lohmann | Jun 18, 2024 | Owner Education, Property Management Education
The services property management companies provide will vary from business to business, but there are a few general services you should expect regardless of which company you engage. Those include leasing, rent collection and maintenance. Many investors who choose to...
