As the global pandemic continues, residential real estate will shift as more renters will trade urban, crowded cities for suburban, spacious areas. These areas offer a lower cost of living for more space. Affordable housing will be top of mind, as will the ability to find work or work remotely.
Your tenants are usually used to enjoying the common spaces and amenities your facilities have to offer. However, with the impact of COVID-19, you've had to close most of those spaces to maintain proper safety precautions. Here are five safety tips for reopening amenities.
Finding ideal tenants is one of the essential parts of a landlord or property manager's job. A bad tenant can be a drain on all resources – your time, money, patience, and even the goodwill and longevity of other tenants if you're renting a multi-unit property. An ideal tenant can be a breeze to work with, and the cash flow will keep coming in as long as they are happy.
7 reasons REITs are effective passive-income investments. The latest REIT statistics say that nearly 87 million Americans have invested in REITs directly, or through REIT ETF, or REIT mutual funds. You can call REIT a low-risk venture. That is why financial veterans recommend if you need money go for a REIT investment.
Any investment property owner will tell you there's more to the game than sitting back and collecting the rent! Handling the responsibilities of property management can take a toll. That's why it's essential to protect both your sanity and your asset with a monthly rent payment that's fair and accurately covers your actual burden.