We were 99% complete on a renovation project to add a full bathroom to the lower level of a rental townhouse we just purchased. The contractor did excellent work. The only concern was it took much longer than projected by the contractor. We went on vacation for a few days, and when we returned, we […]
Posts with the beginner real estate investor tag
Chasing #Foreclosures! The LakeHouse! #foreclosure
It’s Foreclosure Saturday! We have a standing 4pm appointment every Saturday to meet with our Real Estate Broker and look at foreclosures. We believe the real estate market is poised to take off and we want to be on-board the rocket ship! Therefore, we are always looking. When you think of foreclosures, you probably think […]
Increase Monthly #Rental #Income by Adding Full #Bathroom! #propertybrothers
We recently purchased a 4 bedroom 2.5 bath townhouse foreclosure. We plan to rent it out, but first, we want to increase the market value and monthly rental income by adding a full bath! The 4th bedroom is on the lower level. We just added a walk-in closet to the 4th bedroom. To learn more […]
Increase #Rental #Income! Add Walk-In #Closet to #Bedroom! #propertybrothers
We are embarking on our first renovation project! We just purchased a 4 bedroom townhouse, and the 4th bedroom is on the lower level. It has space for a walk-in closet, and we are hiring a contractor to hang drywall, paint, add carpeting, light fixtures, shelves, etc. We are very excited about our project because […]
11 Tips to Create #Income from #Rental Property! #realestate
It is no secret — we believe that owning rental properties is one of the best ways to generate positive cash flow and build wealth! Why? Here are 8 tips to create income from rental properties. See below for 3 bonus tips from HandsOnRealEstateInvesting! 3 Bonus Tips from HandsOnRealEstateInvesting! Consistently charge late fees when tenant […]
Raise #Rents Regularly! #realestate #landlord
When we began investing in real estate 25 years ago, we didn’t raise rents on a regular basis. We were afraid that raising the rent would cause the tenants to move. We now realize that was a mistake. For example, we have a tenant who has rented a townhouse from us for the past 20 […]
Charge #Rent for Extra Storage Space! #realestate
Are you looking for ways to generate extra rental income? Do you have extra storage space in or near your rental property? If you answered yes to this question, then you can generate extra rental income! To find out how we generate an extra $50 per month for storage space, please see below … We […]
Chasing #Foreclosures! The #LightHouse! #foreclosure See Videos!
It’s Foreclosure Saturday! We have a standing 4pm appointment every Saturday to meet with our Real Estate Broker and look at foreclosures. We believe the real estate market is poised to take off and we want to be on-board the rocket ship! Therefore, we are always looking. When you think of foreclosures, you probably think […]
When Bidding on #Foreclosures … #realestate #foreclosure See Videos!
Bidding on foreclosures is riskier than making an offer on a property listed for sale by a private seller. The reason is because foreclosures are sold “as-is,” meaning the seller offers no warranty on the condition of the property. If the property has been vacant for awhile, problems can fester and grow worse over time. […]
3 Tips – Quick #Tenant Turnaround! #realestatetips #tenants
For landlords, managing the exit of a current tenant and finding a new tenant directly impacts the bottom line (i.e., cash flow). Over years of trial and error, we believe we have perfected the “tenant turnaround” process. For example, we have a 1 bedroom ground floor condo and we recently received notice from our tenant […]