Tag Archives: investment property

First Time Landlord? Here’s How to Rent Out Your Property

A first time landlord completing a rental agreement with clients.

Renting a property out may seem like a relatively simple task, but for first timers, there’s a lot to learn.

That said, once you have a clear understanding of what’s involved, it’s a matter of working through the steps to best ensure that you attract great tenants, and everyone can have a positive experience.

Here are the critical steps to take to rent out your property for the first time.

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Is Buying an Apartment a Good Investment for You?

An apartment with a gray couch and white coffee table.

Are you thinking about investing in real estate? An apartment can often be a good investment opportunity. However, if you want to decide whether investing is right for you, you should look at your situation. At the end of the day, it all depends on your circumstances and timing. Consider the following questions to help make your decision. 

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Things to Consider Before Renting Your Property

a sign in from of an apartment signifying you are renting your property

If you’ve decided that you want to rent out your home or investment property, you may think that all you need to do is publish a listing and, voila! You’ve got a new tenant! Well… renting out your property may not be as simple as it seems. Before creating a listing online, there are a few things you need to consider.

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Property Experts Share Advice for First Investment

It is almost always exciting to think about the potential that any property investment holds, particularly when you’re new to the business. While buying your first rental property is almost certain to be a lucrative maneuver, it’s important to proceed with care. 

The good news is that all of the most common property investment mistakes have been made before, and with careful, in-depth research, you’ll find it easier to avoid them. Our real estate pros have been in your shoes: begin your quest for knowledge by using their investment tips to your advantage. 

1. Still renting? Buy your own home before you invest in a rental. 

There are tons of reasons to rent instead of buying your own home. But purchasing your own residence before you invest in rental property gives you real-world experience while easing your way into the financial side of things. When you buy your own home first, you’re likely to get better interest rates plus you’ll need a far lower down payment. There are tax write-offs to consider, too. When you’re ready, upgrade to a new home and use the old one as a rental, or continue to live in your home and invest in a second rental property. 

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