Owning rental property is one of the most effective ways to build long-term wealth, but it doesn’t come without its risks. Every time a new tenant signs a lease, you are exposed to potential legal liability. Picture this: A tenant slips on an icy walkway you hadn’t cleared yet, suffering a severe spinal injury. Or,…
Scaling a rental portfolio eventually leads most investors to a crossroads: sticking strictly to single-family homes, which are becoming increasingly capital-intensive, or exploring high-density, single-unit alternatives. Condominiums (condos) and townhouses are two of the most popular entry points for investors looking to diversify or stretch their purchasing power. However, treating these two property types as…
Real estate investing is fundamentally an exercise in capital allocation and risk management. When acquiring a residential property, you are immediately faced with a structural decision that will dictate the lifecycle of your asset: will this be a short-term rental vs long-term rental? This is not a simple pivot you can make on a whim….
When you first become a real estate investor, the concept of rental income seems incredibly straightforward: your tenant writes you a check, and you put it in the bank. But in the eyes of the IRS, rental income is far more nuanced. Depending on how you receive it, when you receive it, and what services…
Here’s every landlord’s worst nightmare: you wake up to a frantic call at 3 AM. Your rental property is on fire. Or maybe a storm just ripped half the roof off. Or pipes burst and flooded the entire place. The tenants are okay, thank god. But they can’t stay there. And now you’re looking at…
Property owners get sued all the time, and slip-and-fall accidents are probably the number one reason. Someone trips on your rental property, ends up in the hospital, and suddenly you’ve got lawyers breathing down your neck. Maybe it was that flooring you kept putting off, maybe a wet spot nobody marked, maybe ice from last…