Managing costs is a huge part of being successful with your rental property investment. Expenses can quickly eat into your profit margins, and if you’re not prepared, they can empty out your reserves in a hurry. With rising costs across the board, record inflation,...
Being self-reliant is a good quality. In fact, our cultural ideals are based on the very idea of pulling ourselves up by our bootstraps. But sometimes the best way to become a “self-made” real estate investor is to ask for help. To be clear, help comes in many forms....
Maintaining accurate accounting records is sometimes thought of as a secondary responsibility of owning rental properties but understanding the accounting process is essential to your success (even if you have an accountant to help you out). Not only does it enable...
Rising inflation has had us all on the edge of our seats this year. Turn on any news station and you’ll hear reporter after reporter telling you we’re riding a wave of some of the highest inflation rates the U.S. has seen in several decades. But what about for you as...
Your investment properties should be income generators, not a drain on your time, money, and – yes, we’ll say it – sanity. If your property isn’t working for you, it’s past time to make some changes. The question is, should that change be selling off...
Newer real estate investors love depreciation…until they get their first broken water heater or roof leak. Despite knowing how commonplace maintenance issues can be, they’re still never the first thing any of us wake up excited to tackle. Sometimes that’s because it’s...