Are you thinking about investing in rental property? Before spending your hard-earned money, you want to be smart and do all of your homework (and I mean ALL of your homework) as the business you’re about to embark is multi-dimensional.
Before investing it is also important to become familiar with the marketplace. For example, those thinking about investing in the Los Angeles market would be happy to know that the number of renters far exceed folks that own their homes. In fact, only 36% of residents own their home in the Los Angeles area. Although, all would-be … (7 comments)
High investor demand, high rental demand equal rising rents. Renters are feeling the pinch, but what can they do? Years of rental increases have taken a toll on renters, and they seek relief. But don’t look to new investors for relief because investor demand is on the rise, too.
And as investor demand for apartments rises, rents will rise as well. And as new owners invest in properties they usually renovate, but that comes at a cost to renters. Investors need to raise rents to pay off those costs, along with their mortgage and other … (5 comments)
Depending on when you bought a rental property & and how much you bought it for, (if you did it right,) most likely you’re feeling the ongoing delight of the investment. When successfully executed, landlords experience an annual positive cash flow, a yearly tax benefit, and owe less to the bank.
If you do it right, being a landlord is rewarding in many ways. But I caution would-be landlords about making rash buying decisions, there are some mistakes that are disastrous for real estate investors that should be avoided at all cost.
Thanks for visiting my blog. If you have any questions, please feel free to call me anytime. I love Real Estate and I love helping you buy or sell a home in and around the Long Beach area.
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