Today's blog post regards outsourcing managing your rental properties to a professional property manager. Many landlords avoid hiring out the management of their properties for a variety of reasons. Primarily, the are concerned with the price and the loss of control that they will have over their properties. This post discusses a handful of pros and a couple of cons to hiring a property manager. I, myself, and guilty of hesitating to hire a property manager because I want to save the costs in order to pay off these properties quicker. However, I am quickly realizing it to me much more prudent to hire that job out!
This post is aimed at new and aspiring real estate investors that want to purchase rental properties. Like most things, newbies will undoubtedly make a lot of mistakes. But, even small mistakes when you own a rental property can be quite costly. This blog post discusses 8 easy to make mistakes and how to avoid them.
The Charleston are's population has been burgeoning. Everyone knows it. It's partly due to the fact that our little city is so livable, but it is also due to the heavy influx of industry that we're currently seeing. I think new industry should be welcomed with open arms to strengthen our local communities. However, when you experience an influx of new residents, you will certainly see an affordable housing shortage. That has been the case here in Charleston recently. Unfortunately, house prices have skyrocketed and that has made many millennials unable to buy. They have to resort to renting and the rental rates in the area have been increasing just as aggressively as home prices. Today's post is about why it is impractical to continue renting in today's market. I know it isn't easy to buy a home, so we will follow the previous statements up with some information on how you CAN buy a home more easily than you think you can.
Being a landlord isn't as easy as it may seem. I know when I was a renter, I felt like my landlords would just sit back and wait for a fat check every 30 days. Now that I am a landlord myself, I know that not to be true. Being a landlord is just like any other business and it requires a lot of calculations and foresight. Of course, there are a lot of repairs and maintenance to be had, as well. But, the most nerve-wracking stuff to need to consider are all of the laws and legalities associated with leasing real estate. There is a pantheon of rules and regulations regarding leasing out properties. This post does not touch on everything that's out there, but we do expound 7 major laws that are very important for landlords to be familiar with. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC.