THE Single Family Rental Expert
People new to investing in single family rentals understandably want to protect their property. As a result, they tend to craft a lease that has a long list of rules covering everything from restrictions on pet ownership and property modifications to how many vehicles may be kept there. Many of these stipulations are crucial and
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Experts say that millennials are now the largest living generation. They are also one of the best target markets for owners of single family rental properties. Other than their sheer numbers, they also tend to rent, rather than buy, for several reasons for this. First, they often have a large amount of student debt, which
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It goes without saying that in order to maximize the return on a real estate investment, including investments in single family rental properties, you should buy at a good price in a market where home values and rents are increasing. But how do you spot those markets? There are many statistical indicators of the economic
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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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