THE Single Family Rental Expert
Why Location is Still Critical in Single Family Rental Real Estate The real estate mantra that success is about “location, location, location” has been used for so long it has become a cliché. Consequently, it’s easy to ignore the fact that this age-old wisdom is still true today. And, it is especially true in single
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If you are an investor who owns single family rental properties, “vacancy” is a word you don’t want to hear. Having a property sit empty and not producing rent, even for a few weeks, costs you money. If your portfolio is small, a short vacancy on one property could make the difference between positive and
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Many single family rental owners, especially if they have “good” renters, do not regularly raise their rents. Some fear the hassle and cost of turn-over if the residents move or might want to avoid an unpleasant conversation. However, periodic rent increases are an important factor for successful real estate investing. Your operating costs are surely
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As a single family rental owner, there are many upgrades you can make to a property to enhance its appearance and make it more appealing to renters and perhaps more valuable. However, you want to choose improvements that provide the most return for your investment. Here are some single family rental property enhancements where the
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Real estate is an asset that can, under the right conditions, deliver excellent long-term returns from appreciation. But, if you purchase a property with the idea that you’ll make your money on its future appreciation while you absorb short-term losses, you’ll surely achieve the losses and it’s quite possible that you will be disappointed on
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Psychologists say that despite our attempts to appear analytical, we make purchase decisions with our heart and then justify them with our head. This is certainly true when purchasing a home that we intend to live in. And in that context, an emotional decision may work out just fine. But, when purchasing a single family
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Single family real estate investors know that you have to budget for operating expenses as you evaluate a deal and estimate how well a rental property will cash flow. A good guideline as you develop your proforma projections is that operating expenses tend to be in the range of 35-50 percent of the gross operating
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As a single family rental property investor, should you rent to pet owners? As you might expect, there is no simple yes or no answer. Renting to people with pets has its pros and cons. Ultimately, your decision must come from weighing the benefits and drawbacks. Pros of Renting to Pet Owners Three of the
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Hidden rehab costs can quickly mount. You might budget for a simple kitchen cabinet replacement, and then discover hidden mold or dry rot that needs to be repaired first. Or a prior water heater or HVAC unit that was replaced without a permit, and now the city wants to charge you to bring the property into compliance.
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