Determining who is responsible for things when you’re dealing with a rental property can be interesting. And the moment something unexpected happens, like a large branch or tree falling, it is something that becomes a big point of contention real quickly. If a...
Owning rental property comes with a whole host of opportunities… and problems… and questions… it’s just a lot to take on. One of the most common dilemmas comes early when you need to decide what type of business to run this moneymaking venture....
There are SO MANY decisions when you’re managing the day-to-day of rental property. Yes, there are things that are just a given, while there are many small decisions that have to be made that you don’t always have the obvious answer for. The interesting...
Ultimately owning and managing rental property is a business. Like any business, it’s about making money, even if you are providing a valuable service. So, it’s natural for new property owners to investigate and ultimately wonder: how much cash flow is...
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Dealing with taxes when you have rental property is always a bit of a situation. And sometimes, a complicated situation. One instance in which it becomes even more-so is when there is a sale and there are things like closing costs to factor into all the regular...
Getting into the rental market game can be a good investment overall. Maybe you are already in it and you’re starting to see the cash flow that is possible. Maybe it’s still early for you and you’re just exploring the options. Here’s the thing....
Utility bills are just part of having property… or renting it. Water, gas, electric… whatever it is, someone has to pay, and depending on how things were set up, that could be the landlord or owner or it could be the tenant. When bills go unpaid, that kind...
Getting away for a short (or even long) trip in the winter is a good idea sometimes. Maybe you’re going to warmer weather… or visiting family over the holidays. In any case, you will probably realize that there are a few things you need to think about...
So many things can go wrong in an apartment. If it’s not one thing, it’s another, right? One common thing, unfortunately is when there is a pipe burst in an apartment. The cold winter months is a possible cause for it, since freezing pipes is one of the...
The landlord-tenant relationship is an interesting one. Both should be respected throughout the entire process of renting out a place, since both deserve respect for serving an important part. Yes, tenants have rights, important ones. But let’s not forget about...
