Rentec Direct and Buildium are both cloud-based property management platforms that help landlords and property managers conveniently organize and manage multiple rentals. Both programs are affordable, offer great value, integrate with banking and accounting programs, and provide access to multiple user accounts, streamlining property management in one convenient space. When to Use Rentec Direct is…
About the Author
Melanie Patterson
Melanie Patterson, MA, CBA is a staff writer at Fit Small Business specializing in Real Estate Investing with over 25 years of combined experience in real estate sales, property management and residential buy-and-hold real estate investing. In addition to managing her own property, Melanie has also managed a women’s emergency shelter.
Before joining Fit Small Business, Melanie worked as a certified business advisor for the New Hampshire Small Business Development Center, a discretionary program of the US Small Business Administration and owned and operated a private home-based business as a business development, sales and marketing coach.
When not writing for Fit Small Business, Melanie is in her gym training five days a week as a competitive natural bodybuilder, hiking and kayaking on the many mountains and lakes in her region, and planting a small vineyard, and flower, herb and veggie gardens on her 13.5 acre farm in rural NH where she lives with her husband, David, and their 17 year-old Jack Russell Terrier, Oscar.
Where to Get Investment Property Loans for Rental Property
If you’re shopping for an investment property loan, you can find one through online mortgage providers, investor-only lenders, and national banks. Loan amounts typically range from $45,000 to more than $2 million, but any lender will probably require you make a 20% minimum down payment. Visio Lending offers competitive rates on its 30-year fixed-rate investment…
Fix & Flip Loans: The 5 Best Fix & Flip Financing Options
Fix-and-flip loans are used by short-term real estate investors to purchase and renovate a property before flipping it for a profit. This type of funding for flipping houses offers investors fast closings for properties in any condition. The most popular type of fix-and-flip loans are hard money loans. Types of Fix & Flip Loans The…
How to Manage Rental Properties in 8 Steps
Knowing how to manage rental properties is critical to your success and depends on your available time, budget, and skills. The key to your success is learning the steps involved in managing rental properties, including buying a rental property, finding qualified tenants, managing maintenance and repairs, and managing rental property finances. If you want help…
Rental Property Maintenance Checklist [+ Free Checklist Download]
Landlords use a rental property maintenance checklist to maintain their rental properties. They need to know what is involved in routine, seasonal, and preventative maintenance, schedule and perform tasks, and outsource to vendors what they’re unable to do themselves. A rental property maintenance checklist helps to streamline this process. Free Rental Property Maintenance Checklist Our…
Best Hard Money Lenders 2020
Real estate investors in need of alternative financing sometimes rely on hard money loans. The best hard money lenders offer short-term loans to purchase and renovate properties. Hard money lenders charge higher interest rates but offer faster funding turnaround and, sometimes, no credit requirements. 8 Best Hard Money Lenders 2020 Which Hard Money Lender Is…
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Mortgage Amortization Calculator With Schedule
A mortgage amortization calculator and schedule helps borrowers determine how much their monthly loan payment will be. The amortization schedule shows both the principal and interest borrowers pay each month over the loan term. The calculator uses inputs like how much you paid for the property, your down payment and the length of the loan…
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21 Mortgage Statistics You Might Not Know
Mortgage statistics can help real estate investors and homebuyers who are looking to borrow money to buy a house or rental property research and find the best rates and terms. Having data on mortgage trends can also help to determine the best time to buy an investment property and evaluate a property’s positive cash flow….
Current Mortgage Rates for Residential Home Purchases
Current mortgage rates range from 3.9% for a 15-year conventional fixed-rate loan to as high as 7.13% for a 10-year home equity loan. Thirty-year fixed-rate mortgages range from 3.39% for FHA loans to 4.14% for jumbo loans. Understanding current mortgage rates helps buyers find the best rate for purchasing their home. Current Interest Rate for…
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Propertyware vs Buildium: Price, Features & What’s Best in 2019
Choosing between Propertyware vs Buildium for managing rental property depends on the number of units property managers or investors manage. Propertyware is better for property management companies with at least 250 units. Buildium is good for investors and property managers handling any size portfolio. Both offer a free 2-week trial and a free demo. When…
Hard Money Loan Calculator: How Much Will Your Loan Cost?
Hard money loans are typically 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 often more expensive than traditional financing. Our hard money loan calculator will help you determine how much hard money might cost….
What Is Property Management?
Property management is the operations management of the day-to-day activities of either an investor’s own rental properties or an independent company that handles multiple rental properties for many investors. Property management includes renting vacancies, managing income, expenses, and maintenance. Property management includes both residential and commercial properties, and sometimes land. How Property Management Works Whether…
