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How to Handle a Bad Contractor

November 28, 2024 Leave a commentmanagement

The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor’s work. Photos of the work and a written record of all interactions can provide valuable evidence Read More

Fractional Ownership in Real Estate: How It Works

November 8, 2024 Leave a commentmanagement

The Big Picture On Fractional Ownership In Real Estate: Fractional real estate ownership allows investors to buy small shares of properties, enabling participation in rental income and capital gains without the hassle of managing properties directly. Investment options range from Read More

Turnkey Real Estate: Pros & Cons for Long-Distance Investing

October 21, 2024 Leave a commentmanagement

The Big Picture On Turnkey Real Estate Investing: Turnkey real estate offers hands-off investing. Renovated properties are ready to rent and often pre-managed by third-party companies. Investors benefit from immediate cash flow, minimal renovation hassle, and easy scalability. The hands-off Read More

What Happens If My Tenant Goes to Jail?

October 21, 2024 Leave a commentmanagement

The Big Picture on What Happens If Your Tenant Goes To Jail: Prevent issues by conducting thorough background checks and including clauses in the lease agreement that allow eviction for criminal activity or felony convictions. While prevention is ideal, even Read More

Passive vs. Active Investing in Real Estate: Pros & Cons of Rentals vs. Syndications

October 14, 2024 Leave a commentmanagement

The Big Picture on Passive vs Active Real Estate Investing: Active real estate investing offers higher potential returns, but it comes with significant responsibilities such as property management, tenant issues, and market research. Investors need to be hands-on and have Read More

Anti-Landlord Laws: Worst Cities & States for Investors

October 14, 2024 Leave a commentmanagement

The Big Picture on The Worst Cities and States For Landlords: Many cities and states have implemented strict eviction processes, making it harder and more time-consuming for landlords to remove non-paying or problematic tenants. Eviction bans, long court delays, and Read More

Real Estate Investment Terms: Glossary of Real Estate Vocabulary

October 8, 2024 Leave a commentmanagement

The Big Picture On Real Estate Investment Terms: Mastering real estate terminology is essential for effective communication and deal navigation in the industry. Key financial metrics like cap rate, cash-on-cash return, and IRR help investors evaluate and compare investment opportunities. Read More

How to Negotiate with Contractors: The Definitive Guide

October 7, 2024 Leave a commentmanagement

The Big Picture On How to Negotiate With Contractors in Real Estate: Build relationships with contractors before you need them. Create a network of trusted professionals for different specialties to prepare you for issues. Gather 3-5 quotes for each job, Read More

Inexpensive Kitchen & Bathroom Renovations For Your Rental

September 16, 2024 Leave a commentmanagement

The Big Picture On Affordable Rental Renovations: Renovate kitchens and bathrooms cheaply by covering flaws, painting cabinets, and updating hardware. Use rugs, paint, and new fixtures to transform spaces without costly replacements. Focus on cohesive themes and small upgrades like Read More

Preventive Maintenance Checklist For Properties: Landlords’ Guide

September 11, 2024 Leave a commentmanagement

The Big Picture On Preventive Maintenance Checklist For Rental Properties:  Include specific maintenance clauses in lease agreements to ensure tenants contribute to property upkeep. Address kitchen and shower drain maintenance to prevent clogs and potential plumbing disasters. Prioritize air conditioning Read More

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