Rental and Cashflow Property - Management, Strategies and More

If you’re a newbie investor interested in investing in apartment buildings, you might be wondering how to go about finding deals.

Some gurus who will teach you to market to probates, send direct mail to apartment owners, or network with attorneys. All of these tactics can work. However, I’ve found that there is one specific tactic that is most helpful for me when looking for deals. So, without further ado…

The # 1 Way to Find Apartment Building Deals

The best and most efficient way to find great apartment building deals is through a good network of commercial real estate (CRE) brokers.

I have a property which the seller is leasing my the property with the option to buy and I'm doing a sandwich lease to another buyer. My first question is, Do I run a background and credit check on the buyer who's interested in the property? If so where can I find these sites to do so. How would I be able to check if this buyer has never been evicted before?

My 2nd question, Deans coaches has advise me not to let the seller (Who I am getting the lease from) be in charge of paying the taxes and mortgage on the property. They said I should have an attorney or an escrow company handle the monthly bill payment, so the buyer (The person I'm releasing the property to) send the monthly rent to one of these services.

Question, I have a live/work townhome that I am renting out. The bottom is commercial and the top is residential. I asked a possible renter for their credit report and they are not comfortable with sending me the whole report. They want to just send the score and summary, thoughts? My thoughts are, when I went to the bank for a loan on this property they got my full credit report before they would lend me the money, so if they are serious about their business and renting my space, I should be able to see their full credit report before they borrow my property. Am I wrong here? One issue is their husbands are not comfortable with sending it, to me it means a no go but want to know what others think before I throw this deal away. THANKS

Many people ask me the question is it better to invest in single family or multifamily rental properties? Many people assume multifamily properties are the better investment, but I invest in single family homes because they give me great returns, are easy to find and easy to manage. I have 8 single family rental properties and each one is giving me over 20% cash on cash returns. I go through exactly how I get these returns in my complete guide to purchasing long-term rentals. However, many successful investors also invest in multifamily properties. I believe the better investment depends on what you are looking for and what you can buy in your market. Here is why I prefer single family homes better in my market.

I can buy single family homes below market value

There’s a new trend among 2014 home-buyers: the decision NOT to sell their current homes when they move. For the latest Redfin Real-Time Buyer Survey, we polled 1,909 home-buyers across 22 major metro areas in the U.S. Among home-buyers who already owned a home, 39 percent said they planned to buy a home and rent out their existing home instead of selling it, thus further limiting the number of homes available for sale.

it's tax season again! And if you haven't filed your taxes yet, you want to make sure that you are taking all the deductions that you can, right?
Here's an interesting article from EZ Landord that lists 14 deductions that landlords often miss:
1. Depreciation
2. Repairs
3. Home Office
4. Travel
5. Tenant Screening
6. Mortgage Interest
7. Mortgage Insurance
8. Property Insurance
9. Losses due to Theft
10. Professional Services
11. Cell Phones/Computers
12. Settlement Costs
13. Real Estate Taxes
14. Segmented Depreciation/Cost Segregation

below is link if you'd like to read article:

For the first time in history, we’ve just passed a six year mark for household formations by renters outpacing home buyers. For six years in a row, more rental households have been formed than purchased homes. One estimate is that purchase applications are now the same as they were approximately 20 years ago.
It’s certainly not news that 30% or more of all purchases for several years have been by cash investors. When Blackstone Group jumped into the fray, tens of thousands of homes were purchased for cash and placed into service as rental properties. Other large investment firms have followed suit. Small investors have been big buyers as well.

Looking to buy a property for investment? What are your priorities? Do you just want to buy for investment purposes, or you want to get a stable income from that property as well? Many people buy houses and rent them out simply to gain an extra income, even though they themselves live in a rented house.

On the other hand, many homeowners purchase a second home and rent out their first property. Demand for rental properties is anticipated to remain strong. Let’s look at some useful tips that will help you in becoming a landlord or an investor.

Research

Almost every landlord has his or her own approach to the late rent problems, but acting at full pelt is not the best way out of this situation. Landlords who react abruptly can put their business at risk of causing damage to the property by tenants, while being too soft may lead to recurrent infractions, so the amount of late rent fee can rise to a higher level than the agreed security deposit.

Considering all objective factors, there are plenty of questions that should be answered before taking any steps regarding late rent collection:

ACT STRATEGICALLY

I am always happy to expand my knowledge on a particular topic. Like many people I have been using the term "Additional Insured" in dealing with my interest and others with regard to insurance on a property. I learned something from this article, that it is not always appropriate to use that term. I hope you will find it as enlightening as I did.
By Kelly Troy
As someone who writes prolifically about real estate and insurance, this article, as compared to others I have written, is relatively short, however, given some of the recent conversations I have had with investors and some of the recent classes I have taught, I feel it is necessary.