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.
This post is an update on my current real estate projects. I had to turn over a rental property last month, which was very frustrating because the tenant left the property in very bad shape. Fortunately, I was able to find a very good new tenant. We just listed a completed rehab last week that I anticipate to sell very quickly after the Holiday weekend. I've also listed a condo for a client in Mt Pleasant last week, which I also think will sell very quickly. Finally, we've recently bought a new project downtown that will be an amazing house. It needs an absolute ton of work, but I think it will be stunning when completed. I also anticipate it to be very successful from a business perspective, as well. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC!
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.