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Why Real Estate Investors Need Property Management Companies
In the early stages of being a real estate investor, taking a hands-on approach is usually for the best. When your investment portfolio is small, managing properties is a practical and fulfilling task to complete. You also learn a lot more about how the industry really works. However, if you are successful in your real estate business, your holdings will grow to the point where managing the day-to-day operations of investment property is beginning to show diminishing returns. The first thing to happen to you is that you no longer feel like y…
3 Ways Furnace Maintenance Cuts Costs
To make the most out of renting your property, it all comes down to minimizing expenses. There are many expenses that will come up that you simply have no control over. That’s just the name of the game. A big expense that can creep up and you simply can’t avoid is the gradual wear and tear of your furnace. That doesn’t mean you can’t do something about it. Proper maintenance of your furnace will ensure that you get more years of reliable service before needing to replace it. You Don’t Have to Wait for Expensive Repairs Many homeowners prefe…
What to Include in Your Denver Lease Agreement
As long as you are able to get the right renters and arrange a lease agreement that protects your best interest, investing in the Denver real estate market can be profitable. To ensure that your investment remains rewarding, you need to make sure that you adhere to the landlord-tenant relation regulations set in the city and state where you are investing. Violating Denver’s rental laws that govern landlord-tenant relations can be costly and messy, possibly leading to legal actions. For this reason, it is absolutely important for all Denver lan…
Top Questions To Ask Potential Denver Tenants (And What Not To Ask)
When searching for the right tenant, knowing what questions to ask them can save you valuable time. When advertising your property, you will generally get tons of email and phone inquiries from potential renters. If armed with the right questions, you can save time for both you and the potential tenant. When asking these questions, it’s important to adhere to the law, specifically the Federal Fair Housing Rules. If you don’t, you may find yourself in a legal hot soup. That’s why in this article, we share with you top questions to ask potential…
Optimal Mortgages Recommended For Investment Properties
You have owned your house for a while, and have thought long and hard about buying an investment property. Are you ready to take the plunge and be a landlord? How would the mortgage on an investment property be viewed differently than that of the house you live in? What options exist for investment properties and how do you know what the right choice for a mortgage is? Let’s chat! To start with, are you going to be buying for cash flow or are you going to be buying for equity gain? What is your exit strategy? I know this may be a hard ques…