Property Management News
Home equity lines of credit, or HELOCs, are having a moment right now. As mortgage rates have increased, homeowners looking to tap into their equity have had to look beyond cash-out refinances — and many have turned to HELOCs to get the cash they need. Is a HELOC a good idea in 2023, and how can borrowers find the best HELOC lenders? Here's everything borrowers should know about taking advantage of the current HELOC boom. Why are HELOCs so popular right now? During the pandemic, mortgage rates reached historic lows. At the same time, home values shot up. This gave homeowners great opportunities to tap into their newly-gained equity using cash-out refinance mortgages, which... Read more
By Bill Ham – Author of Real Estate Raw: A step-by-step instruction manual to building a real estate portfolio from start to finish Give on price and take on...
LLCs are fast becoming a preferred entity type for investing in and holding real estate. Here are the advantages they confer—and the disadvantages. Limited...
Understanding the different types of deeds can help you make good decisions when it comes to buying property or understanding the legalities of...
Usually, as entrepreneurs, we have our heads down, in the weeds, grinding away on our businesses. Even though my first love is business, I have always made investing in...
Tips for buying your first rental property Thinking about purchasing an investment property? Purchasing rental real estate requires knowledge of leasing, mortgage loans, tenant and landlord relationships, and property management. Buying real estate can be lucrative but, just like any investment, comes with benefits and challenges. KEY TAKEAWAYS Rental property investors usually need a 15-25% down payment for a rental property mortgage. A landlord requires a broad array of skills, from understanding basic tenant law to fixing a leaky faucet. A passive investor is hands-off and may opt to pay for the services of a property manager or invest in real estate investment trusts... Read more
What Is Tenancy in Common (TIC)? Tenancy in Common (TIC) is a legal arrangement in which two or more parties share ownership rights in a real estate property or...
Starting with loan applications in June, 25% of ground floor units must be inspected. The amount of testing of ground-floor apartment units was raised from 10...
Becoming a financially successful landlord in 2023 is difficult. Material costs, such as lumber, have risen dramatically over the past decade. Routine maintenance and...
It all looks so easy on HGTV: A couple buys a house, does a complete makeover, and sells it for a tidy profit. So you might be thinking, “I could do that!" Or...