Landlords should properly screen prospective tenants by running credit checks, verifying income, confirming employment, conducting criminal and other background checks, and verifying prior landlord and residence histories in order to assess whether a prospective renter will make a good tenant. Proper screening helps landlords avoid the common problem of accepting applicants who end up being…
About the Author
William Flood
Bill Flood is a staff writer for Fit Small Business, specializing in real estate investing. Bill is a Midwest-based entrepreneur, real estate investor, and consultant to fledgling entrepreneurs. He owns property in 6 states, and his consulting firm has served over 100,000 students and clients. When not tending to his businesses or real estate portfolio, you’ll probably find Bill engaged in some retro-themed activity.
Everything You Need to Know About Tax Lien and Tax Deed Investing
Tax lien investing and tax deed investing involves buying property on which owners have become delinquent paying their property taxes. Investors profit from tax liens by earning interest and sometimes penalties. Investors can also potentially acquire below-market property both with tax liens and tax deeds if the property owner ultimately fails to repay their debt….
Blanket Mortgage Fundamentals: Rates, Terms, Qualifications and More
A blanket mortgage enables real estate investors to buy, hold, and sell multiple properties under a single financing arrangement which is more efficient than having multiple individual mortgages. With a blanket loan, properties can be sold without triggering the “due on sale” which allows proceeds from the sale to be used to purchase more property….
Owner Financing: The Ultimate Guide to Seller Financing
Owner financing is a financing arrangement in which the seller agrees to accept installment payments directly from the buyer rather than having the buyer obtain a loan from a bank. Owner financing is a useful tool that provides buyers with easier qualification and repayment terms than a traditional mortgage while providing sellers with monthly income….
How to Buy Land – The Ultimate Guide
Buying land is an often overlooked form of real estate investment that can produce good returns. Land is a fairly hands-off investment but generating returns is more involved than with rental property. This is because to buy land there’s more research, evaluation, and firm profit strategy needed. Here are 4 stages to buying land and…
How To Find Renters: The Ultimate Guide
If you want to know how to find good tenants, it boils down to effectively promoting your rentals. There are 3 paths to finding prospective tenants: find renters your own; hire a real estate agent; or, hire a property management firm. Each method offers a set of promotional options, with each harboring certain advantages and…
Hard Money Loan Calculator: How Much Will Your Loan Cost?
Hard money loans are usually the fastest route to financing rehabs or property flips. Hard money loans are usually approved based on the property’s value rather than the buyer’s qualifications. However, hard money is typically more expensive than traditional financing. Our hard money loan calculator will help you determine how much hard money might cost….
How to Buy a Duplex, Triplex, or Fourplex – The Ultimate Guide
Buying a duplex, triplex, or fourplex can be a good investment for both investors and residential home buyers. Purchasing small multi-unit properties requires some basic understanding of how to locate, finance, and manage multiple units. Those activities are only slightly more involved than for buying single-family properties but can lead to a profitable multi-unit investment….
Gross Rent Multiplier (GRM): How to Calculate & Formula
Gross rent multiplier (GRM) is a figure used to evaluate multi-unit and commercial income producing real estate investments. It uses the price of the building, divided by the gross rents to arrive at a ratio that may be compared and contrasted with similar investments in a similar market. How Gross Rent Multiplier Is Used The…
