renting Archives - TheRealEstateScore

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

Analysis Introspection Renovations

How to Make a Home Appraiser Work For You: What To Ask An Appraiser Before You Begin Renovations

Once you have completed the purchase of your rental property, the next thing you will need to do is to decide which renovations you will do, if you haven’t done so already. These renovations will depend on the state in which you bought your home.

By Leonard Q. September 8, 20223 Comments

happy couple unpacking boxes in new home

Investing Landlords

Estimating Rents: Top Resources To Figure Out How Much You Should Charge

Once you’ve completed the necessary renovations and have made your property move-in ready, you are finally at the stage of looking for tenants to occupy the home. Pricing rents can be tricky. Charge too much, and no one will rent your property. Charge too little, and you’ve locked the property with one tenant paying sub-market rents.

By Leonard Q. September 8, 20221 Comment