All Real Estate Investing Articles - Page 6

Avail vs Cozy: Price, Features & What’s Best in 2019

By Melanie Patterson on September 27, 2019 | Property Management, Real Estate Investing, Versus | Comments (0)

Avail vs Cozy with competitive online property management software for do-it-yourself landlords. Avail costs $10 a month. Cozy is free for landlords with a $2.99 fee for expedited ACH payment processing. Choose Avail if you want a robust computer and mobile-friendly app. Choose Cozy if you want free services for landlords on your desktop. When…

Turnkey Real Estate: The Ultimate Guide to Turnkey Properties

By Melanie Patterson on September 26, 2019 | Real Estate Investing, Rental Property, What is | Comments (0)

A turnkey property is one that is in livable condition and is move-in ready, meaning that it doesn’t require repairs. Turnkey properties often have tenants already in them and a property manager already managing them. Investors most commonly purchase these properties from turnkey real estate companies, but private individuals can also sell these seasoned units….

What Is a Quitclaim Deed?

By Melanie Patterson on September 9, 2019 | Real Estate Investing, Real Estate Terms, What is | Comments (0)

A quitclaim deed is a document that transfers ownership of real property from one person to another. They are useful in situations where you want to transfer ownership without money changing hands. Because a quitclaim does not guarantee a clear and marketable title, it’s best to only use quitclaims with people you know and trust….

When & How to Hire a Property Manager

By Melanie Patterson on August 30, 2019 | How To, Property Management, Real Estate Investing | Comments (0)

If you own minimal rental properties, you can manage them yourself. However, as your portfolio grows, responsibilities grow, and you may want to hire a property manager. However, it’s important to hire the right one. You can expect to pay from 4% to 10% of gross monthly rental income in property management fees. If you’re…

Basic Landlord Responsibilities & Duties: The Ultimate Guide

By Melanie Patterson on August 30, 2019 | Real Estate Investing, Rental Property, What is | Comments (0)

Landlords have many responsibilities, including duties to their tenants, the properties they own, the neighborhoods and communities where their properties are located, and to themselves. Most of these landlord duties fall within three main categories: fair housing laws and tenant-related matters, building and safety codes, and numerous financial obligations. To help landlord’s juggle their responsibilities,…

Property Management Fees: How Much Do Property Managers Charge?

By Melanie Patterson on August 5, 2019 | Property Management, Real Estate Investing, What is | Comments (0)

Paying property management fees for someone else to manage your rental property can save you time and money. Management fees are typically between 4% and 10% of gross monthly rent, plus fees. Some companies charge a flat monthly rate of $100+. Fees include advertising, screening tenants, handling leases, coordinating repairs, and responding to tenant emergencies….

What Does a Property Management Company Do & When to Hire One

By Melanie Patterson on July 31, 2019 | Property Management, Real Estate Investing, What is | Comments (0)

Property management companies are great for investors who want to be less hands-on or who live far from their rental properties. What a property management company does to help investors is they manage the day-to-day operations of rental property. Depending on the property, management companies typically charge between 4% and 10% of gross monthly rent….

20 Best Finance Books

By Benilyn Formoso - Suralta on July 29, 2019 | Personal Finance, Real Estate Financing, Tip List | Comments (0)

Many people fall prey to financial pitfalls, which makes achieving financial freedom more challenging. The good news is, there are many ways we can learn how to better manage our money to achieve financial stability. One great way is through reading. In this article, we list the best personal finance books for you to consider….

Rental Property Maintenance: The Ultimate Guide

By Melanie Patterson on July 22, 2019 | Real Estate Investing, Rental Property, Ultimate Guide | Comments (2)

If you want to make money owning and renting out real estate, it’s important to take care of your rentals. Rental property maintenance is a key part of managing your portfolio and protecting property values. Rental maintenance is typically divided into five main areas including interior and exterior maintenance and move-in/move-out maintenance. Be sure to…

Interest Rate vs APR: How They Differ & When They’re Used

By Dennis Shirshikov on June 12, 2019 | Financing, Real Estate Financing, Versus | Comments (0)

An annual percentage rate (APR) and interest rate both represent the annual cost of borrowing as a percentage of the borrowed amount. Lenders use your interest rate to calculate monthly payments and disclose the APR. APR includes some fees in addition to interest resulting in a more comprehensive annualized cost of borrowing. What an Interest…