Before you place your property on the market, you need to know how much you are going to put it up for rent. The price will determine the viability of your investment in Reno. Too low of a rental price and you won’t hit your target ROI or meet your financial obligations. High rental prices may ch...
Being a landlord can be lucrative. The potential passive monthly income generated from a rental property can enable you to increase your savings or pay off your mortgage. The potential increase in the property’s value over time can help you build wealth, as well.
You will, at some point, need to...
A 1031 exchange takes its name from Section 1031 of the Internal Revenue Code. Basically, it’s a method that savvy property investors can use to defer paying capital gains taxes during the sale of an investment property.
Normally, when selling a property, capital gains taxes can be as high as 30%...
Including both a pool and spa on your residential property not only encourages potential tenants to lease with you but also raises the value of your property and potentially allows you to increase rent. For some tenants, having access to leisure activities can be a crucial factor to consider when de...
When you’re a landlord, it’s always best to be well-versed in property laws. Knowing the law will let you serve your renters and be a great landlord. Aside from studying the regular landlord-tenant laws, you should also brush up on the “Implied Covenant of Quiet Enjoyment.”
Even if it’s not explic...
