Should You Sell Or Rent Your Primary Residence?
28
Jan
By Kyle Muth
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Real Estate Investments, Rental Properties, ,

Should You Sell Or Rent Your Primary Residence?

Are you interested in purchasing a rental property? Instead of buying a new one, you might want to convert your primary residence into a rental property, particularly if you plan on moving in the near future. At the same time, you might think it is better to sell the property and take the cash instead. Which option is best for you? Potential Issues Converting Your Primary Residence To A Rental Property If you want to convert your primary residence into a rental property, there are a few important issues to keep in mind. First, you must make sure you have…
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When Should You Hire A Property Manager?
05
Jan
By Kyle Muth
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Real Estate Investments, ,

When Should You Hire A Property Manager?

If you are looking for a way to maximize the value of your real estate investment, you must make sure you have people renting your property regularly. Regardless of whether you have a vacation property or a property with long-term renters, you must make sure you keep the occupancy rate high. That is where a property manager can help you. Even though a property manager can handle a wide variety of issues, you will have to pay them. When is it smart to hire a property manager? You Own Many Properties One of the first reasons why you might want…
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The Most Common Repairs Needed On An Investment Property
03
Jan
By Kyle Muth
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Real Estate Investments,

The Most Common Repairs Needed On An Investment Property

If you are looking for a great way to diversify your investments, you might be thinking about purchasing an investment property. Real estate generally appreciates in value over time, so this is a great way to build wealth; however, because you are not living in the property full time, you might have to do some repairs more often. What are a few examples of common repairs you might have to do on an investment property? Fix The Smoke Detectors Without a doubt, one of the most common issues that you will have to deal with involves smoke detectors. You must…
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What Does Leverage Mean In Real Estate Investing?
13
Dec
By Kyle Muth
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Real Estate Investments, ,

What Does Leverage Mean In Real Estate Investing?

There are many people who are looking for different ways to build wealth, and one option is to invest in real estate. Even though it is smart for people to diversify their investments among stocks, bonds, and mutual funds, you should also think outside of the traditional market. Investing in real estate can be a wise move because it provides you with something called leverage. What does leverage mean, and how can it benefit you in real estate investing?  What Does Leverage Mean? If you listen to people who are experienced real estate investors, you will hear them talk about…
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When Should You Sell An Investment Property?
07
Dec
By Kyle Muth
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Investing, Real Estate Investments, ,

When Should You Sell An Investment Property?

Investing in real estate is a great way to build wealth, but you will not realize that wealth until you decide to sell the investment property. You probably like that your investment property is providing you with passive income, but eventually, you may need to tap into the capital for other reasons. When is the right time for you to sell an investment property? You Don’t Want To Be A Landlord One of the first signs that it might be time for you to sell your investment property is that you no longer want to be a landlord. Even though…
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How Do You Figure Out How Much To Charge For A Rental Property?
21
Nov
By Kyle Muth
0 Comments
Real Estate Investments,

How Do You Figure Out How Much To Charge For A Rental Property?

If you want to diversify your investment portfolio with a rental property, you must make sure that you generate enough income to cover your overhead expenses. With every rental property slightly different, and each local rental market slightly different as well, how can you figure out how much rent to charge?  There are a few factors to consider. Use The Value Of Your Home  An easy way to figure this out is to use the value of your home. The vast majority of rental property owners start by charging a monthly rate equal to 0.8 to 1.2 percent of the…
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How Do You Properly Budget For A Rental Property?
09
Nov
By Kyle Muth
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Real Estate Investments, ,

How Do You Properly Budget For A Rental Property?

If you are thinking about purchasing a rental property, you must make sure this is a financially feasible option. There are plenty of properties out there, but you must make sure that you charge enough money to cover your overhead expenses. That is where proper budgeting is important. What do you need to know about budgeting for a rental property, and how can you make sure you generate enough income? Talk To Local Experts About The Rental Market First, you need to talk to local experts about what the rental market looks like. The reality is that your property is…
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