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Caring For A Rental Property

Those who live in a rental property may have questions regarding how they should care for their domicile. While treating the property with respect and not intentionally doing damage to the property should be understood there are other gray areas where renters may not be sure what their rights and responsibilities are in the rental situation. In most of these cases, these questions can be resolved by carefully reviewing the rental agreement. This can provide the renter a great deal of insight r........ Read More

What To Consider Before Buying Investment Rental Property

Rental property can be an excellent way to bring in additional money as well as invest in an asset that is actually tangible; however, investing in rental property does involve more than just purchasing a property and watching the money roll in. Many people believe that the biggest hurdle they may face is obtaining the loan; however, this may be easier than they actually think. It is other issues which you may face along the way which should be considered before you actually take the step of p........ Read More

Rental Property Investment - Finding The Properties

Rental property investment starts with finding the best deals. To do this, you can increase your odds by finding more deals. Who's more likely to get a cheap apartment building, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources? Here are those ten: 1. Look in old papers to find "For Rent" ads. Call if they are a few weeks old. The landlord may be ready to sell, especially if he hasn't yet rented the units out. 2. Look up old FSBO ads. Cal........ Read More

Investing In A Rental Property

Copyright 2006 Donna Lewczuk Over the last few years, relatively weak stock markets (compared to the late 90’s) along with continued global economic uncertainty have changed the way many Canadians are investing their hard earned dollars. More and more Canadians are venturing into the rental property market, some swayed by the real estate appreciation that we’ve seen over the last few years. Others want to add real estate to their investment mix to better diversify their investment portfolio........ Read More

Tax Time Tips For Rental Property Investors

While owning a rental property can be a terrific way to bring in income, those extra dollars can make things complicated when it comes to preparing a tax return. Fortunately for the 15 million people who own rental properties in the U.S., there are ways to make tax season a little more manageable: • Store your receipts, bills and statements during the year. This will make it much easier to locate and organize them at tax time. Create an envelope or folder for each property, and put all o........ Read More

Property Taxes For Rental Properties

Property taxes for rental properties are normally higher than single-family properties. This causes much confusion for property owners in any state. They cannot understand why they are subject to higher property taxes since most are not making a profit on the properties in question. With people buying two family houses to help with the mortgage payment and property taxes, there are some frustrations over why they have to pay higher property taxes. Many property owners feel they are being singl........ Read More

How To Search Online For Vacation Rental Property

The internet is a marvelous tool for finding vacation properties. But the uninitiated may not realize that there are many types of rental property provider out there, and they don’t all offer equal levels of value and service. The first type is the general vacation rental website. There are many of these available, and they are perhaps most suitable when you haven’t decided where you want to go. You can browse these sites for ideas on where to go and the larger sites may well have a r........ Read More

Tips To Avoid Problem Tenants In Your Rental Property

Having the right tenants in your property can truly make a huge difference in your ability to succeed in owning investment rental property. While problem renters can definitely exhibit some warning signs, there are some problem renters who are quite adept at getting past landlords. As a result, it is important to understand that you simply cannot always rely on your first impression of a prospective tenant in order to determine whether they will be responsible and reliable. There are some ........ Read More

Advertising Rental Property

There are many different ways a landlord can advertise his / her rentals property. The kind of advertising that works best depends on numerous factors that include property characteristics, location, landlord’s budget, and whether he / she is in a hurry to rent. There are many combinations of advertising methods landlords and property managers use to achieve the best results, some of which are as under. 1. ‘For Rent’ Signs The most common method of advertising is the putting u........ Read More

Buying Rental Property - Avoid Seller's Tricks

Be careful when buying rental property. We stayed at a motel for a week one winter. The bill showed twice what it should have, but since I already paid the correct amount in cash, I thought nothing of it. When we noticed that the lobby and swimming pool were unheated, we thought it was frugality. Only a year later, when I read a news story about a new owner struggling to make the motel work, did I realize what was going on. The owner had been planning to sell. To prepare, she was using the two ........ Read More

Choosing A Property Manager For A Vacation Rental Home

So you are the proud owner of a vacation home – congratulations. But just as with your own home, a vacation home needs a lot of tender loving care. Who is going to look after it when you are away? And, perhaps, how is it going to pay its own way? Thoughts like these tend to push vacation home owners into thinking about appointing a property management company. So what should you be looking for in a property manager, and how do you go about finding one with the qualities you want?

Fi........ Read More

Property Rental Portals – Making The Most Of The Services

Looking for a new rental property can be a daunting task; chances are good that if you are searching for a property online you may be looking to move to a new area of the country for work or family reasons. Even if you are not moving to a new area but are looking to move to another property in the same region it can still be a big task. What methods are there to help with the search? There are still the more traditional methods open to rental house hunters which will include the local ........ Read More

Choosing Vacation Rental Property In Whistler

Whistler is perhaps North America’s best ski resort; certainly there is nowhere close for vertical drop, acreage of groomed runs and variety of expert terrain. However there is also a tremendous variety of rental accommodation, and before you make a choice it would be as well to be educated about the options and their implications. Whistler properties vary along 3 key dimensions: size, quality/style and location. We don’t need to say much about size; there are properties on the rental ........ Read More

Tips For Handling Vacancies In Your Rental Property

From time to time you will have vacancies in your investment rental property. When that occurs, you will naturally want to rent the property as quickly as possible so that you do not lose out on any rent money. It could even be that when you purchase the property, it could be vacant. There could be many reasons why it could potentially take some time to find tenants. Perhaps the location is affecting it. Or, it could be that there are simply a number of properties for rent in the local area. R........ Read More

Rental Property Income - How To Increase It

You may think that to raise your rental property income you can just raise rents. However, you can't just raise the rents arbitrarily, because if tenants leave, income goes down, not up. Fortunately, there are other ways, including the ones listed below. 1. Consider raising the rent. We did dismiss ARBITRARY rent hikes as a cash-flow solution, but check on the rates for similar units. Are you renting at below-market rates? 2. Charge rent for extra parking space. I got tired of a renter's ex........ Read More

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