Investors Blog

Weekly Roundup

Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Despite Pleas from Landlords, Los Angeles Extends Ban on Evictions Los Angeles’ Channel 7 (KABC) is reporting that, despite pleas from frustrated landlords, the LA City Council voted 11-1 in late July to...

The Salary You Need to Buy a Home Across America

By Brad Beckett The Visual Capitalist says depending on where you live, owning a home may seem like a far off dream or it could be fairly realistic.  In their graphic today, they illustrate the annual salary needed for home ownership in 50 different U.S. cities.  Stay safe and have a Happy Friday!!! “In New York City, for example, a person needs...

Your weekly news & updates

Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Existing Home Sales Down 5.4% in June The National Association of Realtors is reporting that existing home sales were down 5.4% in June to a seasonally-adjusted annual rate of 5.12 million (down 14.2%...

Here Is an Ounce of Prevention

By Jeffery S. Watson Dear Investor, The second half of 2021 real estate taxes will be due and owing either this week or the next for many of you. I want to share something I have noticed recently. I have had three similar cases come across my desk in the last five weeks, which means it’s something that deserves attention. Investors who own properties that...

Common Mistakes to Avoid When Painting

By Pete Youngs Beginners and seasoned investors alike are prone to making mistakes. Most mistakes can be easily avoided by just listening to people talking at your local REIA group or in meet up sessions. Some mistakes are minor and have little impact on the end result of selling or renting your property while others can become nightmares. This will not be...

3 Months of Bank Statements

Bank statements [WI] Once I settle on a candidate to rent one of my properties, I require 3 months of bank statements. I've found it to be one of the best predictors of successfully paying rent. Do any of you do this and what are your thoughts. Bank statements [MI] My ideal tenants are two adults in their mid 20s to...

Burned by Your Homeowners Insurance

Dear Investors, I want to thank all of you who sent suggestions, thoughts and encouragement after my previous email on homeowners insurance. I am currently going through the process of buying insurance on a property I recently acquired in a subject-to transaction. The existing insurance carrier will not insure me because they do not also insure my primary residence. For those...

Pay Yourself!

A landlord shares something he neglected to do when he first started out, which he encourages all landlords to do: "One thing I neglected to do during my early investing years was figure out what my time was worth. I started this game like many small time ma and pa investors: I did everything except stuff I wasn't licensed to do...

Don’t Leave It Up to the Judge!

An experienced landlord has learned the hard way about the importance of coming to an agreement with a resident or former resident PRIOR to going before the judge. Here's the landlord's account in his own words of what happened just this month when he and a resident went to court regarding non-payment of rent. [IN] Had eviction court yesterday. Been 6...