Property managers handle residential and commercial real estate for property owners and investors. Their duties encompass a variety of property management, maintenance, tenant selection, and rent collection tasks. However, the specific responsibilities of a property manager depend on property type, contract terms, and compensation. On average, property managers cost from 8% to 12% of the…
Real Estate Investing & Rental Management
MyRental Reviews: Is It the Right Tenant Screening Service?
MyRental is an online tenant screening service offering a range of background reports to assist in identifying reliable tenants. While not among our top six tenant screening services, it scored 3.47 out of 5 in our evaluation. This rating considers the platform’s comprehensive reports, pricing, customer support, MyRental tenant screening reviews, and features. Our evaluation…
Vacancy Rate Calculator: A Full Guide for Investors
A vacancy rate represents the percentage of unoccupied units in a multi-unit rental property. It is a helpful indicator for determining if a rental property is performing well and whether it is or will be a profitable investment. To understand more about what a vacancy rate is, we’ll utilize a vacancy rate calculator and examine…
How to Find Investment Properties for Sale in 18 Ways
Knowing how to find investment properties for sale requires a multifaceted approach, using various strategies and resources. These can include exploring online real estate platforms (like Zillow and Realtor.com), attending local auctions, networking at events, and tapping into the expertise of seasoned real estate agents. We’ve compiled a list of the most effective ways to…
Free Rental Property Calculator to Analyze Your Investment Property
Note: This calculator is for estimation purposes only. A rental property calculator helps real estate investors determine the value of a property. Our calculator generates the return on investment (ROI), capitalization (cap) rate, and cash flow of rental properties to help investors understand the value of a potential purchase or of a property they already…
13 Tips on How to Make Money Flipping Houses
House flipping has become a lucrative endeavor for many investors because it offers substantial returns on investment. However, investors will encounter a host of challenges throughout the house-flipping process. These include managing renovation expenses, adapting to market fluctuations, and ensuring projects stay on schedule. This article provides 13 invaluable tips for investors to navigate these…
How to Find Houses to Flip for Profit in 7 Ways
Looking for houses to buy, fix, and flip is a different process than looking for a primary home or a long-term investment property. Houses for flipping are typically distressed or worn down and in need of a wide range of repairs or renovations, which flippers can leverage to make a profit once the property is…
How to Find a Great Real Estate Agent: 11 Tips From a Realtor
Finding a great real estate agent can be challenging if you don’t know what to look for. To find a great real estate agent, you must know what you want in terms of their personality, business acumen and skills, and your goals for buying or selling property. A great real estate agent has knowledge of…