THE Single Family Rental Expert
I’ve blogged before about why single family rental landlords struggle [link to post] to achieve the financial success they are looking for. Below are additional “gotchas” that you can easily avoid once you know that they are out there. Be sure that you don’t: Fail to treat your rental as a business.No doubt you got
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Freddie Mac provided $11 Million to Alex Hemani to finance 91 affordable single family homes in the Dallas-Ft. Worth metroplex. Click to read more
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The saying “It’s not what you know, but who you know,” isn’t entirely true as both are important. What you know as a single family real estate investor is very important. The insights you gain from trial and error or from working with a real estate mentor can help you spot opportunities and avoid pitfalls.
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The lease agreement that you and your tenant sign contains rules (referred to as “terms”) that each of you is legally bound to follow. Consequently, it is critical that all of the legal aspects of your relationship are clearly and completely spelled out in the lease. Before either you or your tenant sign a lease,
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In single family rental real estate, as in any area of business, nobody wants to think about failure, or even short of that, less than expected returns from your investments. However, in order to succeed as a landlord and operate profitable single family rentals, you have to be aware of the common mistakes property owners
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You’ve discovered that the lease your tenant signed left out some important rules or information. Or you’ve realized after a tenant has moved into your rental that it would be a good idea to implement some new rules or change the date or method for rent payments. It’s acceptable to put the changes into writing
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As a single family rental property owner, there will be many times when you need the assistance of a skilled and experienced contractor. That may be when you are preparing a newly purchased property for the first tenant. Or, you might need help with minor repairs required over the course of a tenant’s lease, or
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There has always been, and will always be, a debate among single family rental property owners, and landlords in general, as to whether you should charge a fee to tenants who don’t pay their rent on time. If you place a high value on having a friendly rapport with your tenants, you might struggle with
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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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