We all make mistakes, whether you are a new or experienced landlord. Sometimes a tenant comes along that you know doesn’t meet your criteria, but you make an exception because you’re tired, money is tight, and you really need to get the property rented out. You hold your nose, close your eyes, and approve their […]
Posts with the investing tag
Luxury Real Estate in #OldTown Alexandria Virginia! #luxuryrealestate #realestate
We just sold all of our rental properties so now we are looking for a second home or vacation home to enjoy the fruits of our labor! We saw an ad in the Real Estate section of the Washington Post with 1 bedroom luxury condominiums starting in the $400k range, so we decided to take […]
How to Keep a #Tenant for 23 Years! #realestatetips #realestateinvestor
We have been fortunate to have the same family reside in our rental townhouse for 23 years! When they applied to rent the townhouse from us 23 years ago, they were having some credit problems so we requested that they provide 12 post-dated check every year. It worked out very well. They didn’t ask for […]
#Landlord Survival in a #Pandemic! #landlords #realestateinvesting
Do you have a tenant who is having trouble paying the rent during the Coronavirus COVID-19 pandemic? The CARES Act, passed by Congress and signed by the President, gives tenants who are renting properties financed by Freddie Mac and Fannie Mae an extra 90 days to pay their rent without fear of eviction. Many states […]
A Cautionary Tale on Section 8 (Part 2) … #realestateinvesting #landlord #landlords
A cautionary tale continues from Part 1 … We decided to approve their application because the federal government pays the majority of their rent, and their disability checks are consistent and dependable income. Before the tenant moves in, an inspection must be conducted by the housing commission. The inspection was conducted a week later and […]
Stone Tile Floors Beautiful but Hard to Clean! #realestatetips #propertybrothers
Stone tile floors are very popular with homeowners and tenants, however they can be very difficult to keep clean. We have owned a 1 bedroom ground floor condominium for 30 years. The previous owner upgraded the kitchen floor from vinyl to a gorgeous red stone tile. Our most recent tenant was a couple with 2 […]
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When a Police Officer Applies to Rent from You! #propertymanagement #landlord #landlords
We own a 2 bedroom 1 bath condominium in a working class class neighborhood. Sometimes, there are security issues, such as burglary, vandalism, and car theft. Therefore, when we screen tenants, we look for tenants who don’t scare easily. When we rented to the previous tenant in 2015, the rent was $1150. Now, we are […]
The #RealEstate Bubble is Coming — Get Ready! #realestateinvesting #housing
The Federal Reserve is raising rates. The 10-year Treasury is inching closer to 3%. Commodity prices (gold, silver, oil, copper ) are increasing. What does all of this mean? When interest rates and tangible asset prices start going up, real estate is not far behind! If you plan to sell your home during the next […]
5 Signs of a Motivated Seller! #realestatetips #realestateadvice
What is a Motivated Seller? A motivated seller is an individual who is anxious to sell a real estate property. Examples of reasons they are anxious to sell include: Financial Difficulty Medical Issues Divorce Job Relocation Bad Tenant Absentee Owner Why look for a motivated seller? Motivated sellers need to get out from under the […]
Chasing #Foreclosures! An Excellent 2 Bedroom Condo! #foreclosure
It’s Foreclosure Saturday! We have a standing 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 of […]