One of the many dilemmas you’ll face as an aspiring homeowner will be the property type to buy. You might feel like a condo is a better option for you, as it might seem more affordable and require less maintenance. Or, maybe buying a house seems like a great idea, as you believe privacy is […]
So, you decided to try your hand as a landlord. Congratulations! As you might already suspect, this undertaking comes with lots of benefits, with the main one being generating a stable monthly income. However, being a landlord is also a big responsibility, and it requires a lot of commitment and knowledge. Many people who just […]
In today’s economy, renting out an apartment or two is a great way to make some cash on the side. If you live in a large city and own a few apartments, renting them out is a simple and relatively easy means of adding a few thousand dollars to your monthly income. What’s more, you […]
Being a landlord may be a challenging undertaking. Once you’ve decided to turn your house into business, chose a property to invest in, and rent it out, there’s still a lot ahead of you. For example, you’d have to get the house ready, going through the full checklist for home maintenance to provide your tenants […]
Your most pressing question is probably, “Do fire doors cost a fortune?” And the answer is “No.” Fire doors are not a luxury item or even strictly a utility item. They are also not difficult to find. A multi-floored factory has fire doors, but so does Grannie’s boarding house in Scarborough. What’s more, a good-quality […]
So, you’ve decided to pursue a career in real estate. Congrats! Now that you’re ready to become a real estate agent, the next step is to obtain your real estate license. The requirements, process, costs, and timeline for becoming an agent vary by state, so it’s important to consult your real estate commission to learn […]
What’s the best way to approach the winter maintenance of your rental property? Wait for something to go wrong and fix the problem or take a proactive approach and make sure everything is in working order? It’s easy to assume that problems might not happen, but if they do, it could prove expensive, and you […]
For many aspiring investors, starting to invest in real estate might seem like an arduous and confusing venture. Some think that you either have to have millions (if not billions) of dollars to buy up as many luxurious apartment buildings as possible or be a persnickety landlord who rents out a second condo left to […]
As a landlord, you probably already know how hard it can be to find the perfect tenant. Even though they aren’t a person you will see or communicate with every day, choosing the right renter can save you a lot of trouble and time. There are so many moving parts that have to be taken […]
A real estate investment trust (REIT) is a company that owns and operates income-producing real estate. Just like mutual funds, they collect investors’ funds to make investments in real estate and then distribute the profits as dividends. How do they work? Traditionally, investing in real estate is capital intensive. A solo investor would either have […]