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Should You Convert Your Primary Home Into a Rental Property?

Authority Property Management

Generate Passive Income and Build Long-Term Wealth Renting out your home can create a steady stream of passive income, which can help cover the mortgage, property taxes, insurance, and maintenance costs. Repairs and Maintenance Everything from fixing a leaky roof to repainting the walls can be deducted. mortgage interest rate.

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When Is the Last Time You Raised the Rent?

Authority Property Management

The Pros and Cons of Raising Rent Pros of Raising Rent: Keeps Up with Rising Costs: Property ownership isn't cheapmaintenance, taxes, insurance, and utilities all creep up over time. rising maintenance costs) to build understanding. Raising rent helps you cover these expenses without dipping into your profits.

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Mitigating Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Practice proactive risk management strategies like robust tenant screening and maintenance plans. Implement proactive risk management strategies like robust tenant screening and preventive maintenance. Additionally, incorporating preventive maintenance strategies is key to controlling costs and extending the life of your property.

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Water damage in a rental property can cause tremendous damage.

Real Property Management DC Metro

Kathy Grey, Manager at Real Property Management Houston said, “The great Memorial Day flood of 2015 led to water damage in a rental property and a tenant wanting to be reimbursed when the whole lower level flooded. Get Your Spring Maintenance Check List Here ! Always be prepared.

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New Laws for LA Landlords

Real Property Management Choice

This law applies to any lease executed, renewed or extended on or after 1st July 2015. The tenant is required by the law to maintain a $1,000,000 lessee’s general liability insurance policy.; However, this law exempts properties with less than five parking spaces or properties with subject to rent control.