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Lorem ipsum dolor sit amet, tale habeo iudico et vis, mea no choro fuisset interpretaris. Tacimates periculis scripserit an per. Sumo falli salutatus et vis, platonem evertitur dissentias an pri. Ne putent sanctus mei, eu per fabulas debitis maiestatis, ei sea impetus appareat. Eu suas disputando vis. Nibh cibo essent ..read more

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So, you want to become a new landlord? Haven’t you heard the horror stories? 3:00 a.m. calls for a plugged toilet, tenants that don’t pay their rent, nasty evictions…it’s a minefield out there. But maybe you’ve heard the upside too. That owning a rental property substantially increases your wealth because you have a solid asset that someone else is paying off for you. So how can you – a would-be new landlord – avoid the pitfalls and reap the rewards? How can you dodge the disasters and turn this into a profitable, hassle-free venture? The key is to start out on the right foot. Putting everyth ..read more

When you’re just getting started as a new landlord and buying your first rental property, the learning curve is very high.  There is an enormous amount of information to find, read and gather before you take the plunge.  Some examples include doing a Property Analysis before buying, all aspects of managing your rental and how to deal with problems as they arise.  Finding The Information You Need To Succeed All of the information you could ever need is available online but it’s time consuming to sift through it all to find the useful articles and true expert landlords that can help you along ..read more

Rental properties come with expenses. Some are big, some are small, some are expected and some come as a big surprise. There is always something that comes up though, so landlords need to be prepared.   Here are some of the more common expenses that a landlord can expect with their rental properties:   Appliance repair or replacement Carpets, painting and floors Tenant gifts, tenant baskets Yard maintenance Major repairs like the roof Garage doors Furnace or air conditioning Extra mortgage payments if there are no tenants in the property   So, why is it so important to repair an ..read more

In order to be successful in the rental property business, you really do need to be prepared. Putting good systems and processes in place will give you the confidence to get started and also keep things running smoothly as you acquire and manage more properties. This business-like mindset is the key to success for a new landlord. On that note, here are a few things you should have in place before you start looking for tenants: Rental property forms. Your basic collection of forms would include an application form, a lease, a walk through checklist and a landlord checklist. Keep them in a h ..read more

This topic often comes as a surprise to new landlords. When they are trying to attract new tenants they think that low rent or other incentives will bring more prospects. The truth of the matter is that, low rent or not, everyone wants to feel safe and secure in their home. Especially when prospective tenants have children. Often times, given a choice between two rental units, tenants will choose to pay a little more if they feel their family will be safer in one unit over the other. Information Overload We live in a day and age where fear is very prevalent among us all. Our constant exposure ..read more

Finding a good rental property to invest in can be very difficult in a city with high real estate prices.  Having high mortgage payments is a challenge for a new landlord because, if you can’t charge enough rent to cover all of your expenses, the property can soon become a drain on your bank account. If you currently own your own house, one of the easiest ways I’ve found to acquire your first rental property is to buy a new house and rent out the place you’re in. The Benefits Here are some of the benefits of this plan: The down-payment will be less.  Banks generally want to see about a 25% do ..read more

Are You Scared To Buy Your First Rental Property?Buying your first rental property is a big decision.  You know why you want to do it…to increase your wealth of course…but taking that first step and buying a property is huge! What are your biggest fears as a new real estate investor and landlord? I bet I can list almost all of them here as I’ve heard them before from new landlords and also experienced them myself when I was first starting out: I’ll pay too much for the property I don’t know if I have enough money to do this I don’t know how to set this all up at the bank I’ll end up with a mon ..read more