Real Estate Investing

TAKE PRIDE IN THE RELATIONSHIPS YOU BUILD WITH YOUR TENANTS…AND SPREAD THE WORD

KEEPING YOUR EYE ON THE LONG TERM WILL HELP MAINTAIN THE CORRECT MINDSET

There’s no doubt about it…the world around us is becoming more and more expensive. Electricians, plumbers, landscapers, handymen…you name it, if you need them to help with your property, it’s going to cost more than it did just a couple years ago. D-I-Y? Home Depot and Lowe’s are gonna hit you harder too.

YES, THESE AMENITIES ADD SOME VALUE, BUT DON'T OVERPAY FOR HYPE

HERE’S WHY WAITING FOR THE MARKET TO CHANGE IS A LOSING STRATEGY

It’s been over two full years since the Federal Reserve began increasing interest rates in an effort to slow inflation. It’s been over a year (July 26, 2023) since they’ve increased those rates any further. Inflation has slowed and interest rates have held. Housing prices, however, have also held steady and in many areas, continue to rise.

YOU CAN ONLY FULLY TAKE ADVANTAGE OF THE HUGE UPSIDES IF YOU CAN IDENTIFY AND UNDERSTAND THE DOWNSIDES

There are so many advantages to investing in rental property.

THE RENTAL PROPERTY INSURANCE MARKET IS OUT OF CONTROL!!!...WHAT OPTIONS DO YOU HAVE AS A LANDLORD?

The prices for everything have increased dramatically across the board and nowhere is that more true than in the housing arena. People might be complaining about the cost of eggs at the grocery store because that is a weekly reminder of inflation, but the problem is much larger when it comes to large lump sum payments that cover a twelve month period. 

WHAT ARE THE LONG TERM IMPLICATIONS OF REGULATING INCOME FOR RENTAL PROPERTY OWNERS

As previously noted, anti-landlord legislation is in vogue this season. With national, state, and municipal campaign season also kicking into full gear, there are a flurry of attention grabbing bills making headlines these days. In many cities this has taken the form of anti-landlord (or pro-tenant) legislation.

MISPLACED BLAME OFTEN LEADS TO PREDICTABLY INEFFECTIVE SOLUTIONS

Let’s start a conversation about a debatable issue with a hard fact: The average rent in the U.S. has increased 18% over the last five years. Americans who are unable or opt not to buy a home are being asked to pay more and more for a quality place to live and this is compounded by the fact that more and more Americans fall under this category than ever before.

RENTAL MARKET CONDITIONS ARE ON YOUR SIDE WHILE THE SALES MARKET IS STUCK IN THE MUD

It’s not even worth beginning with an introduction and overview of how the real estate market is a bit “off” right now. You already know that interest rates are higher than they’ve been in decades and housing prices have not come down in the least. Supply simply is not there and housing market trends are seemingly frozen.

HOW BEST TO RESPOND WHEN YOU'RE TOLD YOUR PROPERTY IS NOWHERE NEAR RENT READY

As a rental property owner you understand that your rental income, like all markets, is cyclical. There are times when the engine is humming and you’ve got money coming in without issue. There are times when maintenance issues increase where your profits naturally decrease. And there are those toughest of times when you face vacancies and the potential costs of eviction.