What Maintenance Issues Are Emergencies And What Can Wait For Regular Business Hours?

What Maintenance Issues Are Emergencies And What Can Wait For Regular Business Hours?

Unlike office jobs where you work fixed business hours, being a landlord may at times require you to attend to property issues beyond your typical workday. Your tenant may encounter an emergency, such as flooding due to a burst pipe or a power outage that will last a long time. Resolving property emergencies is crucial and cannot be delayed since it affects the safety of the renters, as well as compromises the condition of your rental property. As a landlord, you must also know how to evaluate whether a property issue is considered an emergency…

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Investing in Out-of-State Property

Investing in Out-of-State Property

Investing in real estate is a well-established strategy for building wealth and securing financial stability. Traditionally, investors have focused on properties within their local market, where they are familiar with the trends, regulations, and overall dynamics of the area. However, as the real estate landscape continues to evolve and investors seek greater diversification, the concept of investing in out-of-state properties has gained significant traction. This guide aims to provide a comprehensive overview of the key aspects associated wit…

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How to Transition from Part-Time to Full-Time Landlord

How to Transition from Part-Time to Full-Time Landlord

Do you find yourself daydreaming about ditching the 9-to-5 and stepping into the world of a full-time landlord? As a part-time landlord, you may have enjoyed the flexibility of managing a property or two while balancing other commitments. Moving to full-time landlord status means scaling up your efforts, from property management tasks to tenant interactions. This transition involves more than just increasing your number of rental properties – it's a shift in your role, responsibilities, and time commitment. Here are some great tips to become a…

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How to Film a Great Video Tour of Your Rental

How to Film a Great Video Tour of Your Rental

In today's digitally-driven rental market, landlords are increasingly turning to video tours as an essential tool for showcasing their properties. These virtual tours offer a dynamic and immersive way to present rental spaces to potential tenants, surpassing the limitations of traditional photographs. With the changing landscape of real estate marketing, understanding how to effectively create and utilize video tours is becoming crucial for landlords to stay competitive and attract the right tenants. Use this guide as a source of practical ins…

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37 Terms All Real Estate Investors Should Know

37 Terms All Real Estate Investors Should Know

Real estate investment has a vast array of terms and concepts that are crucial for investors and landlords to understand. Here are the key terms that are significant to real estate investing and that every investor should understand. 1% Rule: This rule suggests that for an investment to be profitable, the monthly rent should be at least 1% of the property's purchase price. This guideline helps investors quickly gauge a property's potential return on investment. 1031 Exchange: Named after a section of the U.S. Internal Revenue Code, this provisi…

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