This column features great insights, advice and tips from veterans in real estate industry. They will be sharing with us their experiences from “buy it, rent it, profit to overcome the obstacles you will face in real estate investment. So do look out for these articles.”
Greed versus Reason in Property Rental Investment
I've watched the way owners approached their property rental management for almost twenty years. During that time I have noticed some unmistakable principles for succeeding or failing with rental properties. Most prominent is the issue of greed versus reason. Some...
What if my tenant doesn’t pay their rent?
Consider this scenario: A tenant had rented a house for four years and gave their 30 day notice to move in accordance with the requirements of the lease. However, in the last month of their tenancy they were late with their rent. They kept promising they were going to...
The Importance of Excellent Maintenance on Your Rental Property
Bryan M. Chavis has written a wonderful book about rental investing titled "“Buy it, Rent it, PROFIT”" I am taking the liberty of quoting from the chapter on maintenance here. “The number one reason tenants renew leases is because of good maintenance. The number one...
Trying to decide between management companies?
Here are some things to consider: Fees: Most people want to begin with the fees even though this may not be the most important consideration. Total fees for property management of a rental home tend to range from 10% of the rent on the low end to 17% on the high end....
Reasons for owning real estate
Larry Garrett in his book "Common Sense Investing in Real Estate" writes about the advantages of owning Real Estate. You should always check with your accountant regarding your particular situation. However here is what Larry Garrett states are the reasons for owning...