Real estate investing carries all kinds of potential benefits along with a slew of inevitable problems. The hard facts that properties do not maintain themselves; that good tenants do not pop up out of the blue; and that codes and ordinances require active compliance...
Today and Friday's posts will share our thoughts on hiring a property manager for your rental property. Today we'll discuss what they do, how much they typically cost and what to expect from them. On Friday, we'll discuss how to find the right property manager for you and your unique circumstances.
In Part 1 of this topic, it became clear that a number of factors could combine to make what was once affordable now cost-prohibitive. Inflation, rising interest rates and climbing property levies, among other variables, are putting some coveted properties out of buyers' reach.
The velocity of change over the last few years -- in the culture, economy and government -- is head-spinning. Inflation is affecting household cash flow; older social values are jettisoned in favor of new ones; and the world seems to be on the brink of geo-political collapse.
Before, during and after the COVID-19 pandemic, home prices steadily climbed. These increases, combined with a growing but still modest inventory of houses for sale, make for hard times for banks and other mortgage lenders.
For Sale by Owner, or FSBO, is a method for selling your own home that can save you money as long as you know how to use it properly. Understanding all the details of how FSBO works will help you decide if it is right for you.
Many players are involved with a home purchase or refinance. The realtor, of course, comes first to mind followed closely by a home inspector, an appraiser, an attorney, a title agent and a county clerk.
A lifetime of hard work, careful saving and sound investments can often leave you in pretty good financial shape upon retirement. True, none of it is an exact science but these together represent a fairly reliable rule of thumb for wealth creation.
The reality that good news never makes the news does not take the edge off of the dreadful reports coming from media outlets in 2022.