Property Management News
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 parcel of land. Each independent owner may control an equal or different percentage of the total property, whether commercial or residential. The parties are known as tenants in common. Tenancy in Common is one of three types of shared ownership. The other two types are Joint Tenancy and Tenancy by Entirety. A TIC has no right of survivorship and when a tenant in common dies, their share of the property passes to their estate, where a beneficiary of the share of property may be named. KEY TAKEAWAYS Tenancy in Common (TIC)... Read more
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...
Definition of Return on Investment Return on investment (ROI) measures how profitable an investment is. Many times, it is expressed as a ratio or percentage. ROI...
Landlord on Autopilot by Mike Butler Odds are, you’ve probably already thought or asked yourself this question after you have jumped into the game of real estate investing. Perhaps you’ve asked other investors, bankers, financial advisors, agents and/or many others. But who are you asking? When you have questions to ask about your real estate investing business, you must carefully select a qualified, real estate investing expert or two or three. On an extreme note, pretend you own and operate a bakery. Would you ask a barber question about running your bakery? Of course not. Now let’s get back to your question of how much cash to keep on hand. Let’s go back two years when Covid... Read more
Multifamily properties include duplexes, triplexes, townhouses, high-rises, low-rises, condominiums, bungalows, mixed-use buildings, and more. Real-estate investing is...
When you own a home, you have the opportunity to build equity, which is the value of your home, minus any loan balances you have against it. You can increase your home...
Renting without your lender’s permission can have consequences Many people buy a home and expect to live in it for the foreseeable future. But sometimes, life...
Making a lump-sum payment opens a lot of doors for you So you’ve come into some extra money. Congratulations! Now you might be wondering about the best use for it....
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