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Archives for December 2018

8 Tips To Becoming A Successful Landlord

December 31, 2018 by Marco Santarelli

How To Become A LandlordHow To Become A Landlord

The ultimate goal of investing in rental property is to turn a profit.  To ensure that you achieve that goal it is essential that you follow several critical guidelines. Most of us dream of becoming a landlord but it an easy or a difficult job? Before you start searching for a home to rent, you should think about the responsibility that comes with being a landlord to your tenants. If you’re interested in investing in real estate, the single-family rental market might be a good option. Being a landlord can be a profitable venture that provides a steady income stream while your property appreciates in value. You might also be able to enjoy certain tax advantages while you build equity in the home.

Here are 8 valuable tips for becoming a successful landlord and start a rental property business.

1. Screen Your Tenants

First, always make sure that you check tenant references. This is the first step of becoming a successful landlord. This can be a burdensome step and many landlords overlook it because they feel as though they have good instinct when they meet with the tenant.  But not checking references can lead to a number of problems later on.  You will uncover a wealth of information about potential problems before you rent to a prospective tenant. It’s also worth the time to do a background and credit check on all potential tenants. There are several online tenant-screening services available, and you should be sure to check potential tenants’ credit scores. You should also conduct an interview to make sure you’re comfortable interacting with them, and check references, especially from employers or past landlords.

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Filed Under: Property Management, Real Estate Investing Tagged With: Investment Properties, Investment Property, Real Estate Investing, Real Estate Investment

3 Business Structure Mistakes Real Estate Investors Make

December 24, 2018 by Marco Santarelli

Real Estate Investment LLCStarting A Real Estate Investment LLC

Why have an LLC?

There are mainly two reasons why you want any kind of business structure:

Pay less tax, and protect your assets. LLCs can be especially helpful if there are multiple owners of a property. When you create an LLC, you’ll create an operating agreement that outlines the rights and responsibilities of each member of the LLC.

This can help you seamlessly manage your rental property business and also protect each member of the LLC in case of legal trouble.

Before you jump into creating your LLCs for your real estate holdings, there are a few things to consider.  Do NOT make these three mistakes while creating an LLC for your real estate investment company.

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Filed Under: Asset Protection, Getting Started, Real Estate Investing, Taxes

Is Little Rock The Best Market For Real Estate Investment In 2019?

December 12, 2018 by Marco Santarelli

Little Rock Arkansas Real Estate Market Conditions 2019

Little Rock, Arkansas is home to roughly 200,000 people. However, the Little Rock Arkansas real estate market is more than just Little Rock itself. The broader metro area, including North Little Rock and Conway, encompasses around 700,000 people. The Little Rock Arkansas real estate market, when you include the suburbs, is the largest metro area in the state. Let’s look at ten reasons to invest in the Little Rock housing market.

Little Rock Arkansas Real Estate Market
Pic Credits: Pixabay.com | Photo by Mindy Ambeau

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Filed Under: Real Estate Investing

Is Jackson The Best Market For Cash Flow Real Estate Investment In 2019?

December 2, 2018 by Marco Santarelli

Jackson Mississippi Real Estate Market Predictions 2019

The best markets for real estate investment aren’t today’s hot markets. Instead, the best markets to invest in are those with the right market fundamentals and strong potential. And we’ve found such a market in Jackson. Jackson is the capital city of Mississippi and it is home to roughly 170,000 people. However, the Jackson Mississippi real estate market is larger than that. The Jackson metropolitan area is home to more than half a million people, a fifth of the state’s entire population. The Jackson Mississippi housing market saw modest growth up through 2006 due to population growth, but that has leveled off since then and slightly declined. Real estate investment is quite affordable in Jackson. You can buy a fully renovated investment property In Jackson starting from $75,000 with a good cash-on-cash return. Therefore, we consider Jackson as a high cash flow affordable market for real estate investment in 2019.

Jackson Mississippi Real Estate Market
Pic Credits: Architecturaldigest.com/story/why-i-moved-to-jackson-mississippi

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Filed Under: Real Estate Investing

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