How much does it cost to screen tenants? There are many tools on the market that you can use to screen tenants, or, rather, prospective tenants. The fee for a tenant screening ranges from $20-$50 depending on how much background information you want on the rental property applicant. If you’re looking for a fast,
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What is the best way to screen tenants?
What is the best way to screen tenants? As a landlord, it is critical that you screen your tenants well. Making quick decisions on a rental property applicant without doing your due diligence will put you out of business as a landlord faster than anything else. Trust me. I had to learn this lesson the
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What is the best tenant screening service?
What is the best tenant screening service? The answer to this question really depends on what you’re looking to get out of a tenant screening service. There are a number of tools on the market that will provide you with a tenant screening report consisting usually of a credit, criminal, and eviction history report. However,
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What NOT to include in your rental property
Over the years, I’ve learned that there’s a balance to strike in order to be successful as a rental property owner. Part of being successful means you need to attract quality tenants. You know…the kind that pay rent, and don’t turn your house into a meth lab. Well, just like you, good tenants want houses
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What does a full-time real estate investor do all day?
I started investing in real estate nearly six years ago. I still remember the first house I bought… a little 2-bedroom bungalow on Rogers Avenue. I never imagined that little house would lead to me becoming a full-time real estate investor. As a newbie investor, I found myself regularly asking, “What does a full-time real
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What is the BRRRR method and how do you use it?
BRRRR is a well-known acronym in the real estate investing world, and it was coined by Brandon Turner over at Bigger Pockets. The letters stand for… BuyRehabRentRefinanceRepeat This is the science, so to speak, on how to build a sizeable rental property portfolio that you can ultimately use to support yourself financially. Let’s look
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Can you make a living off rental properties?
Yes. You can absolutely make a living off rental properties. In this post, I’m going to cover the nuts and bolts to make it happen. Let’s get started. How much do you need monthly? One of the first things you need to sort out is how much money you need monthly in order to survive
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How do I find an investor savvy real estate agent?
As a real estate investor, working with a real estate agent when you’re in the buying phase is great because you probably won’t pay a dime for their services. This is because, usually, the seller pays all real estate commission. However, even though you may be getting a free lunch, you still want to make
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How much would it cost to convert a two-car garage into an apartment?
How much would it cost to convert a two-car garage into an apartment? Converting a two-car garage into an apartment can be a great way to increase your cash flow. Just make sure you check with your local laws and applicable covenant/HOA restrictions before proceeding to make sure you don’t do something that you end
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Should you put new or used appliances in your rental property?
Should you put new or used appliances in your rental property? New appliances. I’ll explain why. As someone who owns nearly 40 rental properties, I completely understand the temptation to get your rental property move-in ready as inexpensively as possible. You’ve probably already run the numbers and know that if you head down to Lowes
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How do you make an old kitchen look new in a rental?
How do you make an old kitchen look new in a rental? If there’s one place in a rental property you want to make a good first impression, it’s the kitchen. Thankfully, there are ways you can bring new life to your old, dated rental property kitchen that won’t break the bank. How about a
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How much profit should you make on a rental property?
How much profit should you make on a rental property? There is possibly an infinite number of ways to answer this question if the goal is to be subjective. However, in this post, my goal is to give somewhat of an objective answer. In order to do this, I need to bring another party into
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