It's a question I hear quite often so I thought I should address it. Starting with the basics... what's the goal of investing in real estate?  It boils down to securing an additional income stream.  Clearly, there are risks involved, as there are with any investment.  So, the only reason we should do it is if we can reasonably believe it will provide us with more income... and a source of income that has historically been pretty secure (as long as we do it right).  Unfortunately, like many investments, if we do it wrong, there can be substantial losses involved. Ugh! I knew ..read more

I know the subject of this blog may have caused 3 reactions. Some people may have rolled their eyes and scrolled away. Or perhaps you were a bit excited, the title alone made you curious enough to continue reading as you are in the process of starting your real estate investing business; the more you know, the better. Like most of us, you smiled as you learned this lesson already and are glad to see someone bringing awareness to this part of investing. I get it, we are all trying to maximize income and reduce expenses in any business venture but let’s think about it.  Meet Investor Bob fr ..read more

If you want to be a profitable landlord, it requires more than just pocketing a rent check every month. You must understand the rental market to know how to best increase your bottom line. You can encounter costly mistakes and legal pitfalls if not careful. Learning to maneuver the complexities of the rental industry takes time and experience. Owning a rental home is a business investment that requires business decisions. If you want a steady cash flow, you must utilize the proper resources that help you succeed. At PropertyWize, our number one goal is for our owners to see investment gains.&n ..read more

The best move a real estate investor can make is to not hire a bad property manager in the first place. Use these questions before hiring a new property manager and to routinely monitor the performance of your current manager. Asking these questions can help separate the good property managers from the bad: Are they licensed, do they hold professional certifications, and do they adhere to a code of ethics? How long have they been in the property management business? Do they manage properties similar to yours? Do they have property in the same part of town as yours? When and how do they pay mon ..read more

For owners of rental or investment real estate, it’s common to form a limited liability company (LLC) and transfer title to the property from the individual owner to the LLC. Transferring property to an LLC can limit your personal liability if someone is injured on the property and files a lawsuit against the property owner. People who own multiple rental properties sometimes form a series of LLCs to insulate each piece of property from liability claims involving other properties. Here are eight steps on how to transfer property title to an LLC: Transferring a real estate title to an LLC doesn ..read more

This past year has been a difficult one for landlords. As the COVID-19 crisis has impacted the entire country, landlords have dealt with a variety of issues including shifts in housing patterns, a federal moratorium on evictions, and a need for implementing new procedures and protocols to keep properties and tenants safe. Here is a look forward to 2021 for landlords.  As a new year looms and the COVID-19 vaccine rollout is underway, many landlords are optimistic about what 2021 will hold. While there is still much uncertainty as to what the next year will look like, there are a few trends ..read more