Whether you’re diversifying your investment portfolio, hedging against inflation and a volatile stock market, or simply trying to establish a passive income stream, investing in real estate offers many key advantages over other investment strategies. But as the cliche goes, you have to spend money to make money. Unless you’re sitting on a stockpile of […]
In certain circumstances, refinancing a rental property can be a very smart move. It can allow you to better tailor your mortgage terms to meet your financial goals, whether that’s reducing your monthly payments, saving money over the life of the loan, or accessing cash to renovate or buy other properties. However, refinancing (aka “refi”) […]
If you own a home, you know you need to keep it insured. But what if you’re renting out the home to tenants? Should you opt for rental property insurance or does standard homeowner’s insurance cover all your practical needs? The two types of coverage are similar, but there are a few key differences. In […]
When you buy a house, homeowner’s insurance seems like a no-brainer. A fire or natural disaster can do serious damage to your investment – or worse, leave you without anything to show for it. While homeowners insurance might provide adequate coverage, if you’ve purchased residential property to rent out, there are a lot of risks […]
In this article we’ll cover the specific ways “local” should matter to you in your decision on which property management company to hire.
Here are the three most surprising things about owning and managing rental properties – and how to best prepare yourself for them.