What Properties Make the Best Rentals? A Checklist for Real Estate Investors

Posted by Chris Clothier on Mon, Jun 20, 2016

What makes an investment property ideal? What makes it a dud? There’s certainly a science to it, no doubt — there are factors that will set your property up to be a passive income powerhouse, while other things may turn it into a money sink.

Seasoned investors no doubt know these factors like the back of their hands, but new investors may struggle to properly evaluate a property. Even those with experience may make the wrong call once in a blue moon, because you can’t always predict people.  The factors that make a particular property good can vary as well and they can change.

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Topics: rental properties

How and Why To Diversify Your Real Estate Investing Portfolio

Posted by Chris Clothier on Tue, Apr 12, 2016

I don't know about you, but my email in-boxes get overwhelmed on a daily basis.

Every day I receive unsolicited “advice” emails wanting to inform me of the latest and greatest when it comes to real estate investing and wealth. It is truly overwhelming to read many of the emails and see how outdated much of the advice is.  

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Topics: rental properties, investment diversification

Rental Properties, Pet Policies and You

Posted by Chris Clothier on Tue, May 19, 2015

There are a great many animal lovers in the world, but most rental properties aren’t known for their pet-friendly policies. Some tenants even view rental properties that allow pets with some distaste because of high pet deposits. 

What stance should real estate investors take when it comes to pet policies? Whether or not you intend to allow pets, you should have a pet policy, period. Even tenants who don’t have pets need to sign one and know what your rules are regarding animals on the property or in the building. The property manager can take care of any day-to-day questions or issues regarding the policy.

If you choose to allow pets in your rental properties, have firm boundaries in place. Any and all pets must be approved and photographed by the landlord. How do you know if a pet should be approved? Ask the right questions.

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Topics: rental properties, pet policies

Want to Save Money in the Long Run? Attentive Property Management!

Posted by Chris Clothier on Fri, Jul 25, 2014

As the old saying goes, an ounce of prevention is worth a pound of cure. If you’ve been letting property maintenance slide, you might be throwing money away. Property management isn’t something that real estate investors really like to deal with — but it’s a necessary element to any investment.

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Topics: property management, rental properties, property maintenance

The New American Dream: Rental Housing

Posted by Chris Clothier on Tue, Feb 4, 2014

Once upon a time, the American Dream was defined in part by the goal of homeownership. People dreamed of their own plot of land and picket fence and a place to call home. In this day and age, however, Americans are realizing that they can call a place home without owning it. The attitude of people toward rental housing is changing. While the majority of Americans still would like to own a home one day, 45% of current homeowners can see themselves turning to renting.

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Topics: rental properties, rental housing, housing crisis

Catering to a Specific Rental Property Demographic

Posted by Chris Clothier on Mon, Dec 2, 2013

Generally, it makes a lot of sense to make a property as attractive as possible to as many potential tenants as possible. Once it's ready, you want your property to be rented by a reliable tenant as quickly as possible.

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Topics: Memphis real estate, buying rental property, rental properties, memphis rental property