Inheriting Tenants? Protect Yourself

Apartment Building

When you buy an investment property, sometimes it will come with tenants already in place. These tenants can be a good thing as your new purchase will be immediately generating income. But, these tenants can also be a bad thing because you really have no idea how they were screened, how they have been as tenants or even what the details of their lease are. You can of course review existing written lease agreements, but there are landlords and tenants out there who have nothing…

Self Directed IRAs – A Smarter Wealth Building Tool

Wealth

One of the first things I learned about when I was considering getting into real estate investing was the self-directed IRA.  If you have never heard of such a thing, a self-directed IRA is very similar to the more “traditional” IRAs that most associate with their jobs.  The main difference is your investment choices are not limited with a self-directed IRA.  With a self-directed IRA, the sky is almost the limit. A self-directed IRA is just that, self directed.  You make the choice of where…

How Nextdoor.com Can Benefit You

nextdoordotcom

I’m a millennial. Naturally, I’m registered on at least 6 different social media sites—all for different reasons. Each social media site provides a unique platform. Facebook keeps me connected to family and friends. LinkedIn provides me with professional visibility, and Pinterest keeps track of products that appeal to me. So, which social media platform is best suited for the real estate investor? Nextdoor.com Nextdoor is a social media site that connects people within specific neighborhoods. In order to register on Nextdoor, you have to first…

A Key (Box) For Saving Time and Aggravation

The Keys

Ever notice that tenants will lock themselves out at the worst possible times?  Mine have called while I’m on vacation or out of town even once during an anniversary dinner. Repairs needing help from contractors were always fun too.  They would tell you when they would show up so you could meet them and let them in the property.  But, those contractors always took a little longer on the jobs before yours and that wait was always a little (a lot) longer than you thought….

Searching For Help? Join Your Local REIA Group

Searching for help with your Real Estate Investments?

A smart way to get help and advice with your rental properties (besides smarterlandlording.com) is to join your local Real Estate Investment Club.  I belong to the Memphis Investors Group and I can’t tell you how much this group has helped me.   These clubs are not investment clubs that pool money and buy properties.  Rather, they are clubs of local real estate investors that get together for real estate education and networking.   Join up and get to know other investors in your area. …

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