In a 2019 Bankrate survey, nearly a third of Americans said they preferred to invest money they wouldn't need for at least a decade into real estate. Whether you're funding your investment with savings, a loan, or anything in between, you want to start looking into a...
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Sick and tired of tenant turnover? You could lose thousands of dollars every month if your tenants do not renew the lease, which could have a significant impact on your financial wellbeing.Landlords will want to do all that they can to get tenants to renew their lease agreement o...
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Form 1099 for Rent Paid: A Property Manager’s Guide
By Mike Barbanica Thursday, July 14, 2022
Being a landlord can be a lucrative opportunity, but comes with certain responsibilities. One such responsibility is to pay taxes on rent paid to the Internal Revenue Service (IRS). This is accomplished by using form 1099 for rent paid. Property managers complete Form 1099-M...
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Emotional Support Animal vs. Service Animal vs. Pet: A Guide for Landlords
By Mike Barbanica Thursday, July 7, 2022
There's one creature on this planet that is a nuisance to all landlords: pets in a rental.Whether they're cats, dogs, or parakeets, they're a guaranteed headache. They make a mess, leave a smell, and aren't a good look for prospective tenants. But in some cases, a...
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Whether you're a new landlord or a seasoned professional, it can be difficult to find the right tenants to rent your properties to. Owning and managing a property is a huge investment, so it's important to make sure that any potential renters are a good fit for your prope...
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Top Rent Collection Tips That Every Landlord Should Know
By Mike Barbanica Thursday, June 23, 2022
In 2020, the average gross rent increased by 2.6%, making rent collection every month an essential time for landlords globally. If you're struggling to collect rent from tenants each month, here are some tips you can use that will make the rent collection process easy.Here ar...
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The housing market in the US is at record levels. There is a lack of homes available to buy, the ones that are selling are going for well above their asking price, and in general, there are far more potential renters or buyers for every house on the market or property available f...
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What Is Full Service Property Management? How Does It Work?
By Mike Barbanica Thursday, June 9, 2022
Did you know that around 48% of people who own and manage between one to four rental properties handle the work themselves? As a result, these individuals are landlords.Landlords have many duties and responsibilities, making it a stressful job. Yet, many rental property owners ha...
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The Most Common Rental Property Management Mistakes to Avoid
By Mike Barbanica Thursday, June 2, 2022
Let me guess. You purchased real estate to earn passive income but now you are struggling to manage your property in the way that it deserves.First-time landlords tend to come across this problem, so don't be alarmed. You've come to the right place for help.Part of being ...
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Should You Invest in Section 8 Property? A Closer Look
By Mike Barbanica Thursday, May 26, 2022
Are you considering expanding your real estate portfolio to include section 8 properties?Section 8 vouchers provide stable housing opportunities to low-income residents and families. Since vouchers cover rent payments, landlords receive consistent and timely rental payments while...
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