As a real estate investor, you can save yourself money and time if you know how to spot signs of foundation damage when you first look at a potential investment property. Some minor problems can be fixed, of course. If you only spot minor problems, it's possible that hiring a professional evaluator to check the property may be worth it. Not all foundation issues mean you should walk away from an investment property. But you can save yourself the cost of an evaluation if you can spot the major foundation issues yourself. Keep in mind, you're not just looking at
If you're thinking of picking up an investment property or land to build an investment property in Georgia, you will want to be aware of Georgia's mandatory construction codes. The state has mandatory construction codes that people have to follow for any structure built there. Some local governments in Georgia may choose not to enforce all of these codes, but technically, they are mandatory. Each of these sets of construction codes usually has a base code it works off of and then a set of amendments specific to Georgia. Mandatory Georgia Construction Codes This list of codes includes most of that
If you're a landlord, you should familiarize yourself with federal Fair Housing laws regarding Emotional Support Animals. We touched on the subject of Emotional Support Animals briefly in a recent blog post about allowing pets in your rental units. The first thing you should know is that as far as the federal Fair Housing laws under the Fair Housing Act are concerned, an Emotional Support Animal is not a pet. An animal registered as an Emotional Support Animal is a medical tool. Emotional Support Animals And Pet-Related Fees Since and Emotional Support Animal isn't a pet, it's important for landlords
It's such a hard decision. Let's say that you're a landlord, and you love animals. Yet, you also know that not everyone is going to care for their pets (or your property) the way you do. Should you risk allowing pets in your rental unit? Multi-Family Unit Or Single Family Home? One of the easiest ways to determine whether you should let pets live in your rental units is to consider liability issues. This pertains mostly to dogs. If you have multiple dogs in multiple units, there may be fighting between animals. There is also less chance that anyone will
Finding good contractors to work on your rental properties might seem like a chore. Hiring undependable contractors can cost you some serious cash. Do you know where to find the best contractors? We happen to have some tips! Perhaps some jobs at your rental property are too complex, too tedious, or just too unappealing to do the work yourself. If you’re investing in real estate but you’re not going to be doing all of the work yourself for whatever reason, you'll need reliable, skilled contractors. Word-of-mouth really is best. That doesn't mean you should rely completely on online testimonials from
Are you about to become a commercial lessor in Florida? Congratulations! You should know that a Florida statute (F.S. § 83.08) gives commercial lessors a statutory remedy for missed rent payments. The statute allows the lessor to put a lien against property on the leased premises. Eventually, almost all lessors are forced to deal with tenants failing to pay rent. You don't just have to accept the missed rent as a loss though. The statute allows commercial lessors in Florida the automatic right to get a lien on all property within the premises owned by the tenant. Now, it doesn't mean
Did you know that as a landlord you can actively employ green spaces to increase retention rates, competitiveness, property value and a sense of community? We recently discussed how community gardens in multifamily units are amenities that can set your rental property apart from the competition. If opting to include green spaces like a community garden or adding a green roof instead of a traditional roof, you will need to establish some ground rules, of course. Establishing Ground Rules For Green Spaces On Rental Units Generally, people interested in community gardens will want to avoid pesticides. Part of the allure
One soldier who served in the Army and was deployed to Afghanistan in 2011–12 told Realtor.com how he managed to buy five homes in five years and eventually kick off a new career in real estate investing. When he'd move to a new base, he didn't sell the home, he rented it out. "I bought five homes in five years,"he explained. He had purchased his first house while stationed in Fort Sill, OK. A year later, he moved to Fort Hood and used income from his For Sill house to pay his first mortgage. He repeated the pattern with each relocation.
We supply hard money loans to real estate investors in Jacksonville, because we have faith in this market. Jacksonville has one of the U.S.’s fastest-growing populations. It has a steady economy. Plus, it features climbing rental rates. That makes Jacksonville a Florida city worth investing in. If you choose to invest in Jacksonville, you will be pleased with its affordable entry prices. Plus, you'll find average cap rates above 7 percent and payroll growth that is above the national average. With Jacksonville's 34,000 military-affiliated personnel in need of housing, you won't just make money investing in real estate in this
Personal-finance website WalletHub shows that house flippers in Nashville were still earning above the national average as the summer wrapped up. House flippers in Nashville have been busy turning Nashville homes for sale into big profits. As of the last report, Nashville house flippers were earning a gross profit of around $72,000. Nashville is in the top 20 list of best places in the country to flip a house. Why Is Nashville Such A Profitable City For House Flipping? House flipping in Nashville is profitable for a number of reasons. The general market potential for flipping houses is still well.