The majority of Americans are familiar with the process of subleasing in residential property. In this instance most people call it “subletting,” and it is the process of the original lessee of the property contracting with a new lessee and the landlord. Commercial...
Month: October 2020
What are some pros and cons to renting out my condo?
If you are looking to split your time in different locales, renting out your condominium unit may help you cover payments in your absence. Particularly if you live in a very desirable area, renting out your condominium could even make you some profit. However, it is...
What are some traits of a good rental property?
In many ways, it may seem like being a landlord is ideal. After all, all you need to do is purchase a property and find somebody to live in it, right? Alas, the situation is not that simple and not all properties are profitable plums. There are many things you must...
Some possibilities involving all-cash real estate transactions
The demand for real estate in Florida created a surge in all-cash offers from buyers eager to purchase the limited number of properties available. As reported by the South Florida Sun-Sentinel, Broward County's all-cash transactions for April 2021 numbered 435, an...
How does the closing process work?
Real estate closing happens once you reach the end of the process and sign the papers that will finally make the house yours by law. Due to the stress that house hunting can cause, people often feel tempted to rush through this step. But closing is one of the most...
What you need to know about party walls
If you are thinking about purchasing a condo or duplex, you probably already know you are going to share a wall with at least one neighbor. While this wall may simply be a divider, it may also provide structural support to the entire building. Party walls are shared...
What are first time homebuyer mistakes to avoid?
Dipping into the real estate market for the first time is often a source of great anxiety for many. As a first-time homebuyer, you may feel pressured to make "the right decision" when you do not even know how to start. Fortunately, you can help yourself out by...
What should I know about owner financing in real estate?
There are different options available to finance a real estate purchase. You might consider applying for a loan with your local bank or lender. But if you encounter obstacles with a lender, you might think about seeking your financing from the owner of the property...
How do I discover limitations on property use?
Like other entrepreneurs, you probably envision making changes in the real estate you want to buy, like expanding the number of bedrooms or bathrooms to entice new renters. However, your plans may go unrealized if it turns out you cannot carry out your planned...
Considerations when buying a duplex
Have you considered purchasing a duplex to live in one side and rent the other side? Some investors find this strategy provides a stream of passive income as well as a low-cost living arrangement. Review the benefits and potential drawbacks of buying a duplex as both...
