Many landlords consider a long-term tenant to be the best variety. The reasons for this are obvious: long-term tenants keep the rental money flowing constantly, and they also tend to take better care of the property. There are several strategies that you can employ to...
Month: October 2020
What small renovations are most attractive to tenants?
If you are in the market for a rental property, you might find a relative bargain by looking for one that needs a bit of work. After all, unsightly houses often stay on the market for longer and sell for less than beautiful ones. Saving money on the purchase price, of...
Which types of commercial buildings can generate stable passive income?
Generating passive income as a real estate investor can be a lucrative business model. When it comes to commercial real estate, you can lease multifamily homes or office and commercial space to companies. According to CNBC, businesses have more office space than they...
Should you buy that investment property?
Whether you are a first-time investor or a veteran property flipper, you may wonder if the newest property that comes on the market is worth purchasing. This may especially be true if the price seems too good to be true. Unfortunately, if the price of a potential...
How to handle a difference in appraisal and purchase price
When purchasing a property with the help of a lender, most banks will not lend you the full amount for a property that appraises for less than your offer. For example, if you make an offer on a property and receive an appraisal that sets the property's value as 10%...
Why hire a real estate attorney? Is a real estate agent enough?
If you're entering the real estate market for the first time or entertaining a new deal, attorneys bring peace of mind that others cannot. Real estate agents know the market, but attorneys know the law. There are many legal nuances to which a real estate agent may not...
Can you encourage your tenants to renew their lease?
Reliable tenants can significantly improve your experience as a commercial property owner in Florida. As tenants near the end of their lease agreements, you might wonder what you can do to encourage renewal. Knowing some helpful strategies can increase the likelihood...
Ways you can improve the closing process
Developing a portfolio of real estate investments in Florida requires time and patience. Finetuning your strategies will enable you to take advantage of the best opportunities and leverage your resources. A big part of any new investment is the closing process....
How do interest rates impact mortgages?
Mortgages are big business for lenders. They make a lot of money on these loans by charging fees and interest. The government, particularly the Federal Reserve, controls interest rates. They can raise or lower it depending on the economy. When they want to slow down...
Do you need an exclusivity clause in your commercial lease?
Whether you are looking to open your own business, diversify your company's real estate, or simply make a new investment, your efforts will culminate in signing a commercial lease. However, you should always check a lease for terms that can make or break your...
