No matter what kind of investment property you own, the most important metric for measuring success is cash flow. You need to make sure the properties you’re investing in will generate a profit — otherwise, you’ll quickly find yourself with a portfolio that’s draining your bank account instead …
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The 6 Ways to Make Money with Rental Properties & Maximize Your ROI
Making money in any business — including real estate — means maximizing your ROI in every possible way. If you want to build your wealth, you need to take advantage of every opportunity to make money that’s available to you.Can You Make Money With Rental Properties?Thankfully, real estate …
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How to Find Private Money Investors for Your Real Estate Financing
As an investor, you want to build a profitable real estate portfolio. But unless you have a significant amount of cash on hand, you’ll need to find the financing to make that happen.Sometimes, the best option is to go to a bank. But other times — and more often than you’d think — there’s …
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How to Get Rid of a Bad Tenant Without Going Through the Eviction Process
There are some tenants you just want to disappear.Maybe they don’t pay rent, have unauthorized people or pets in the house, are damaging the property, or keep calling with unreasonable repair requests. Whatever the reason, you want them gone. And if you want to know how to get rid of a tenant …
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Buying Probate Properties: A Uniquely Profitable Way to Invest in Real Estate
There are a lot of different routes you can take when scouting potential properties to add to your real estate portfolio, but there’s one under-utilized route that can be a major moneymaker for your investment business — and that’s probate properties.The term 'probate real estate' refers to …
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The Complete Guide to Property Management Fees (What’s Reasonable and What’s a Rip-Off)
One of the biggest challenges that property owners face when hiring a property management company is deciphering their property management fees.What’s the fair cost of property management? How much should property management cost? How do property managers charge — and how do you know when you’re …
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Hiring a Property Manager: Do You Need Someone to Protect Your Rentals?
When you own rental properties, one of the main questions you’re likely to ask yourself is, “Do I need to hire a property management company… or can I handle managing my properties myself?”Many property owners are tempted to handle things on their own. And while we understand that taking the DIY …
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How to Effectively Screen Tenants for Your Rental Property (While Protecting Yourself)
There’s no way around it: the success and profitability of your properties are directly related to getting quality tenants. And the key to getting quality tenants is proper tenant screening.Tenant screening is the only way to ensure the people who rent your properties are responsible and pay their …
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How to Evict a Tenant in Texas [2018 Complete Guide]
No one wants to deal with a tenant eviction, but sometimes it’s a necessity. When a tenant is in breach of lease, you have to follow through with the consequences.What's the goal of an eviction? To get back possession of the property.The goal is NOT to get back your money. There’s no need …
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What Is Normal Wear and Tear on a Rental Property in Texas?
Do you remember wandering through “grown up” stores as a kid, scared to touch anything? We all knew the rule that guided (or was supposed to guide) our every movement: “You break it, you buy it!”But does that rule still apply? For rental properties, yes!You just have to know the difference …
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