As landlords, we often fall into the trap of getting a bit too comfortable. It could be something as simple as skipping a property inspection or not following up with a tenant as quickly as we could, simply because we’ve become complacent.
When you're in charge of a rental property or community, much of what you do every day focuses on making your tenants happy. Impressing current tenants retains long-term renters and pull in potential new occupants, thanks to positive online reviews.
In this article, we will look at the most important differences which you should keep in mind when deciding whether to buy an investment property in a major city or a small town.
Deciding when to sell, on the other hand, is more complicated. There are dozens of good reasons to sell, some of them related to big picture market conditions, while others are more personal.
Whether you’re a first-time homebuyer or seasoned landlord, you likely want to maximize the return on investment (ROI)—a.k.a. Profit—on your rental property as much as you can.