SparkRental Blog
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Articles on building passive income, how to invest in rental properties, boosting your ROI as a landlord, Property management tricks and hacks by SparkRental. They help you automate all aspects of your rental investments, for truly passive income.
SparkRental Blog
1d ago
The Big Picture On The Cheapest Real Estate In The United States:
West Virginia tops the list of where the cheapest real estate in the US can be found.
Real estate investors have a lot of reasons why they should consider investing in cheap real estate, like getting into a market that lacks affordable housing, taking advantage of demand, and riding out the income and employment growth of the chosen area.
There are risks with investing in cheap real estate in the US—otherwise known as the reasons why real estate is cheap there in the first place. Investors need to be vigilant about these ..read more
SparkRental Blog
4d ago
The Big Picture On Fair Housing Lawsuits:
There’s a notable increase in fair housing lawsuits across the nation, reflecting heightened vigilance and readiness to challenge discriminatory practices within the housing sector through legal avenues.
Recent legislative changes and regulatory adjustments significantly influence these trends. Changes in the legal framework, both at the federal and state levels, play a pivotal role in shaping the landscape of fair housing litigation.
There’s a critical need for landlords and property managers to stay informed and compliant with fair housing laws. Fa ..read more
SparkRental Blog
6d ago
The Big Picture On CapEx For Landlords:
Capital expenditures are significant investments for maintaining and improving your rental property’s long-term value.
Disregarding capex in your forecasting and budgeting can lead to some very ugly consequences, the chief of which is negative cash flow.
Landlords can employ several tactics to ensure that capex and even operational expenses don’t disrupt their cash flow.
Disclaimer
The information provided on this website is for general informational purposes only and should not be construed as legal, financial, or investment advic ..read more
SparkRental Blog
6d ago
The Big Picture On How Much To Charge For Rental Application Fees For Each State:
Different states have different laws regarding rental application fee limits. Some states do not have limits, while others, like New York and California, have stated limits and other requirements. No limits don’t mean that landlords can charge what they want, though.
Landlords need to be aware of the proper way to charge reasonable rental application fees. Failing to do so may result in a complaint or a lawsuit.
Steps to avoid lawsuits and complaints include open communication and transparency, not ..read more
SparkRental Blog
1w ago
The Big Picture On Should You Rent To College Students:
Renting properties to college students near universities is an attractive real estate investment.
Advantages of renting to college students include higher potential income, higher occupancy rates, co-signer safety nets, and potential property appreciation.
Disadvantages include inexperienced renters, a high likelihood of damages, annual turnovers, extended vacancies, and fierce competition. Landlords should maximize their investments and apply certain strategies to make sure they get the most out of their real estate rentals ..read more
SparkRental Blog
1w ago
The Big Picture On How To Invest In Real Estate With Self-Directed IRA:
You can invest in almost any type of real estate by opening a self-directed IRA with a custodian.
It’s much easier to invest in passive real estate investments (such as real estate syndications or crowdfunding investments) with an SDIRA than buying properties directly.
If you finance a rental property bought under an SDIRA, only part of the property qualifies for tax benefits.
Disclaimer
The information provided on this website is for general informational purposes only and should not be construed as legal ..read more
SparkRental Blog
1w ago
The Big Picture On How To Become A Landlord:
Rental properties can generate cash flow, appreciation, and tax benefits, but being a landlord requires some labor and expertise.
If you just want to diversify into real estate and earn passive income, consider passive real estate investing instead.
Landlords don’t earn as much cash flow as lay people think. Learn how to accurately calculate cash flow before even browsing rental properties.
Disclaimer
The information provided on this website is for general informational purposes only and should not be construed as legal, financial, or investmen ..read more
SparkRental Blog
1w ago
The Big Picture On How To Build Credit Fast:
Regularly check credit reports for errors to ensure accuracy and taking steps to correct any discrepancies found.
Effectively utilize your credit cards by maintaining low balances relative to credit limits and paying bills on time to demonstrate responsible credit management.
Explore diverse credit-building tools such as secured credit cards, credit builder loans, and becoming an authorized user on someone else’s credit card to diversify and strengthen credit history.
Disclaimer
The information provided on this website is for general informatio ..read more
SparkRental Blog
1w ago
The Big Picture On How To Avoid A Fair Housing Lawsuit:
The Fair Housing Act is a federal law that provides protection against discrimination from several groups. Some states also have laws that are similar to the FHA and extend the protection to other classes or demographics.
Landlords can take several steps to protect themselves or avoid Fair Housing lawsuits. These include not describing their preferred tenants, advertising in all available channels, not offering selective discounts, avoiding policies that pertain to children, and others.
Landlords can also avoid lawsuits from ..read more
SparkRental Blog
2w ago
The Big Picture On How To Buy A Foreclosure Home:
Buying a foreclosed home can provide significant savings compared to market prices, offering opportunities for both homebuyers and investors to purchase properties at a discount.
Thorough research and due diligence is non-negotiable. This includes checking for any legal issues, understanding the property’s condition, and accurately assessing renovation costs.
Various financing options exist for purchasing foreclosed properties, including FHA 203(k) loans, VA loans, and programs like Fannie Mae’s HomePath. Review your options and make th ..read more