A friend of mine recently realized her dream of home ownership, but for many Americans, the dream can quickly become a financial nightmare. The phrase “house poor” refers to someone who spends an unusually high percentage of their income on housing, whether it is their mortgage or rent, and thus may experience difficulty saving or [...]

One of the most common ways to becoming a millionaire is through real estate investment. Rental homes and investment properties allow you to earn passive income by having others pay off your rental’s mortgage for you. Additionally, when you decide to sell your rental properties in the future, investors will see huge investment returns and [...]

As normal homeowners, we sometimes need to move before we sell our old house. Similarly, real estate investors sometimes hold a house vacant because they don’t want to rent it out or are putting together plans for renovation. Whatever the reason, it may be wise to consider vacant home insurance so any theft, fire or [...]

Over the years, viewpoints on mortgages have changed considerably. Many of us learned from an early age to pay off our bills or loans and get out of debt quickly. However, that theory seems to have changed over recent years. Sometimes leveraging your income or cash flow to make a big investment and having a [...]

Step 4: Accept and Scrutinize All Applications Your rental application should be simple to read, simple to follow, brief, and yet thorough. You don’t need applicants’ entire life histories to help you decide whether to rent to them. The application you use should have sections with information on the applicant’s current and previous tenancies, current and [...]

Step 1: Prepare Your Property Your job at this point is to fix up, paint, clean, and dress your rental property home or apartment to make it attractive enough so that a good prospect will want to rent it from you for the rent you want to charge. You will always attract the best tenants [...]

Times of vacancy put pressure on landlords. They’re loss-of-revenue times, doubtful and working times, and if you don’t own many properties, each vacancy represents a high percentage of all your rentals and you are likely to be especially anxious to get that vacant rental filled. Be anxious, but don’t be hasty. You want a smooth [...]

The definition of a mobile home may vary between insurance companies. Although RVs and travel trailers are considered mobile homes, for insurance purposes, the term generally refers to trailers or manufactured homes that are built offsite and transported to a mobile home park or lot. For the purposes of mobile home insurance, the definition is [...]