Owning a rental property can be an excellent source of passive
income for the property owner. However, if you try to manage your
own rental property, you might find yourself struggling to make
all the important decisions that go into marketing and managing
a rental prop...
Vacation rentals are steadily rising in popularity as vacationers are drawn to a more relaxed home setting in a local atmosphere as a cost effective alternative
to a single hotel room in a bustling tourist district. The market is swarmed with up and coming vacation rentals ...
Did you know that if you own a property that is not your primary
residence, you are actually classified by the IRS as somewhat of
an investor? This makes selling your property just a bit tricky,
especially when it comes to the taxes which come along with it.
In such cas...
Why Conduct Regular Inspections of Your Rental Properties
If we didn’t trust our tenants, we probably wouldn’t rent to them,
but when it comes to your properties and the protection of their value,
here are 3 reasons as to why it is a good idea to conduct regular
inspections of your rental properties. First, to confirm that n...
Purchasing rental property in NM is a smart investment and can be a significant source of residual income for property owners. However, property management
can be an enormous undertaking that requires a great deal of time and effort.
Property management involves the proces...
A lot of work goes into preparing a property for the dangers
presented by even mild winters. Adequately winterizing a property
means taking precautions to protect the pipes and plumbing systems,
reinforcing windows to save energy costs, inspecting roof integrity
During these cold winter months it is important for property managers to
winterize rental properties. Taking these simple steps will help prevent
common weather related damages to rental properties. Spending money on
preventative measures will always pay off when major co...