landlord Archives - TheRealEstateScore

Don’t Over-Renovate Your New Rental Property

There is no need to spend large amounts of money on lavish materials, so long as the finished space is substantially cleaner and nicer than the space before the renovations had begun.

By Leonard Q. March 7, 2023No Comments

Landlords

The Wise Landlord: Why You Should Always Run a Background Check On Potential Tenants

Now that you have purchased your property, and the contractor has finished renovating and modernizing it, you’re ready to start screening potential tenants.

By Leonard Q. September 8, 2022No Comments

Landlords

The Pros and Cons of Being a Landlord

Trust but verify, is my motto in this business. Being a great landlord means screening your tenants and not rushing to throw anyone in the property in order to collect rents faster. Like preventative maintenance on a property will prevent major issues down the road, so will taking the time carefully screening your potential tenants avoid larger problems in your rentals.

By Leonard Q. September 8, 2022No Comments

Landlords

Wiser House-Hacking: My Experience Living Without Paying Rent or a Mortgage

I’ve explained what house-hacking is in a nutshell and why I think it is wise to house-hack your first home or rental property. You live for free, and you might even make a little bit of income in the process. While others pay off your loan, you get to save for your next rental.

By Leonard Q. September 8, 20221 Comment

Analysis

What Went Right, What Went Wrong, What I Predicted, And What I Didn’t Predict For My First Real Estate Deal

My first real estate deal was a sight-unseen single-family residential 4-bedroom 3-bathroom in the Kenneth City area of Saint Petersburg, FL.

By Leonard Q. September 8, 2022No Comments

crop businessman giving contract to woman to sign

Landlords

Investor Reflections: How To Be A Great Landlord

Some landlords put someone in their home, and so long as its rented and the bills are getting paid on time, they forget about them. They don’t maintain the place. They let clogs or broken faucets stay that way for weeks and sometimes months.

By Leonard Q. September 8, 2022No Comments

Analysis Investing Landlords Renovations

Analysis of Deal: Property at 61st Way N, Saint Petersburg, FL

The property at 61st Way N in Saint Petersburg, FL is one of the first investments I made as a real estate investor. It is a single-family residential home, a 4-bedroom, 3-bathroom 2,250 square foot home 15 minutes from downtown Saint Petersburg and 15 minutes from St. Pete Beach.

By Leonard Q. September 8, 20223 Comments

Introspection Investing Landlords

Real Estate Beginners: Why You Should Start Off House Hacking

Buying your first home or rental property can be an intimidating endeavor. There are so many hurdles to owning real estate, from finding the right home to getting approved for your first loan, renovating the home if it needs renovations, and eventually moving in, or finding the right tenants to occupy your space so that you can begin receiving cashflow.

By Leonard Q. September 8, 20221 Comment