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...
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...
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...
By Jeffery S. Watson This was the most frequent response I consistently heard from younger investors when I would remind them about the 1986, 2001, and 2008 to 2012 real estate market corrections. I would urge them to “stress test” their portfolios, meaning would their portfolio still cash flow if their operating expenses increased by 25% and rents fell by 30%....
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 Federal Court Upholds CA Law Requiring Landlords to Pay One Month’s Rent to Legally Evicted Tenants A federal appeals court recently upheld a California law that forces property owners who legally evict tenants...
by Scot Aubrey Everyone loves a good survivor story. Whether it is a group of 12 boys rescued from a cave in Thailand or the indomitable spirit of a soldier who endured more than two and a half years as a POW during World War II, these stories strike a chord with all of us. Naturally we put ourselves into the...
By Brad Beckett Today's graphic from Accruit reminds us that the ability to defer taxes through a 1031 like-kind exchange is a valuable taxpayer benefit, but to receive it, the rules pertaining to identification and acquisition of replacement property must be strictly followed. They have outlined the 5 requirements for identification of replacement property in a 1031 Exchange. Indeed.....Stay safe and...
By Brad Beckett There is a lot of misinformation out there about landlords and profit margins from their investments. Today’s infographic from the National Apartment Association rightly calls supposedly large profit margins a “misconception” which is why they chose to explain where $1 of rent really goes. Indeed……Stay safe & have a Happy Friday!!
[IN] If you are not yet aware some big hedge fund billionaires are buying up rental houses. Two are working my small town. This is changing the face of renting houses. One has over 35,000 homes nationwide. The other has thousands and is buying 1000 each week. They want to buy my entire portfolio. He said they have “billion$$$”. They are spreading out from...
By: Jake Zuckerman - May 11, 2022 4:00 am An Ohio House committee passed legislation Tuesday that would block local governments from banning or directly regulating short-term rentals like Airbnb within their borders. The legislation blocks towns and counties from enacting ordinances that prohibit businesses or people from renting property for less than 30 days at a time. Additionally, it blocks them...