Tax time is here again and you should be aware that rental income isn’t the only way to make money when you rent a property. There are many incentives and tax advantages given to rental owners that entitle you to larger profits. Some of these money saving advantages are available monthly, and some of which…
DetailsIn seminars across the country this year, I’ve been making a point of challenging all attendees with a simple Fair Housing quiz. Q: If several applicants approached you to rent a home and all chose to go through your application process, who would you select?
DetailsHello everybody. It has been many years since I have written about the remedies available to a buyer when the seller of an apartment building backs out of the transaction or refuses to close the escrow. So now would be a good time to review and update the rights a buyer has.
Retiring comfortably has gotten a lot more complicated in recent decades, much of it due to our increasing longevity – a welcome development that is largely out of our control. However, unwelcome developments that are within our control are increasingly contributing to the retirement challenge too, including heavy debt and what appears to be blissful…
DetailsThere is a new law that became effective on January 1, 2016 which states that if an owner or an owner’s agent applies any pesticide to a dwelling unit without using a licensed pest control company or operator, the owner must provide a 24 hour notice to the tenant(s) of that dwelling which contains specific,…
DetailsDear Dan: Thank you for the great job you all do! Great news to help us try to beat back the far reaching (greedy) arms of government. I am in Northern CA, and have been a member of AOA for years. I provide magazine subscriptions for my managers in FL and OK and they love…
DetailsSo you’ve thought about investing but aren’t sure if you have what it takes to become successful. No problem. We’ve all been there. That’s why I decided to write the qualities I have observed every successful real estate investor has.
How will you know when you are successful? If you believe you are now, how do you know? Most people, landlords included, simply cannot point to a goal and state positively that they have accomplished it. I know that just about every landlord had the plan to be successful when he or she bought the…
DetailsIf you’re new to this series, we’ve been discussing some of the things a new investor-in-training should consider before investing. A person can spend money for today’s wants, or she could invest it and thus effectively move today’s purchasing power into the future. That way, she pays today for tomorrow’s living expenses. One way to…
DetailsQ: I am a new landlord and I recently found a tenant to rent out my father’s house that I inherited. I am in the process of writing a lease for this tenant. What information do I need to include about myself in the lease or rental agreement?