Adjusting rent rates at renewal is part art, part science, and it requires some skill to tactfully introduce an increase. While residents often expect a rate adjustment during lease renewal, most will start packing if those increases feel too greedy. As you consider...
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...
At one point or another, many property owners find themselves at a crossroads. They own a piece of property and no longer plan to use it for their primary residence. Should they sell it and pocket the returns? Or, should they turn it into an income-generating rental...
Establishing a diversified portfolio can help set a strong foundation for financial success for years to come. Taking steps now to grow your real estate portfolio is an effective way to build multi-generational wealth for you and your family, but there’s never a...
Understanding the cash flow potential of a rental property in Franklin County requires you to make several assumptions about income and expenses. Predicting income is a relatively straightforward process as there is generally just a single variable contributing to...
When you choose to invest in real estate, you’re doing so because of the growth opportunities, not because you’re looking for more work or like being awoken in the middle of the night by a tenant emergency. No, you’re looking to turn a profit. While there are many...
