Search Results for: apartment

Top 7 Mistakes Landlords Make Starting and How to Fix Them

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Save Money and Time with Your Short-Term Rentals

If you’ve recently become a landlord or are considering purchasing a second home for renting purposes, you’ve likely been introduced to a large bevy of responsibilities and duties you never expected you’d have. You can also find many mistakes landlords make. While renting out your property can be an extremely lucrative business venture, many enter the realm of rentals without proper knowledge or education on the subject and find it’s not as easy as expected. We’ve laid out the top mistakes landlords make when they run into, and the things you can do to avoid them. Top 7 Mistakes Landlords Make 1. Lease Issues Leases are the single most important thing to have completed before allowing someone to live in your … Read more

Top 6 Simple Negotiation Strategies to Help You Save Money on Rent

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Save Money and Time with Your Short-Term Rentals

Whether you’re moving to a new city or you simply want to reduce your budget’s housing category, there are plenty of ways for tenants to potentially negotiate a lower monthly rate on their lease. This is best done at the beginning of a new lease or the end of one about to expire within 2-3 months. Here are some of the best strategies for securing a better price on the home you’re currently renting and save money on rent. Virtual Comparison Shopping If you’re moving soon, you’ve likely been comparison-shopping anyway. However, if your lease is up soon, then why not scope out potential options in your area (even if you’re 0% interested in leaving your current community)? Many of … Read more

Why Every Renter Needs Renters Insurance Before They Move In

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Save Money and Time with Your Short-Term Rentals

When you’re renting an apartment, condo, or single-family home, your landlord may or may not require renter’s insurance before signing the lease. Even if your landlord doesn’t require it, however, you may still want to take out this insurance as a precaution against the potentially devastating consequences associated with personal property loss/damage and even the unlikely (yet possible) circumstance in which the residence becomes uninhabitable. Renter’s insurance can be a financial lifesaver in some cases, yet only one-third of renters actually take out a renter’s insurance policy (and many could be doing it solely because their landlord required it). Whereas a vast majority of homeowners have homeowner’s insurance – likely because mortgage lenders require it and some states even have … Read more

Getting Started Investing in Real Estate? Follow this Advice from a Real Estate Veteran

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The following is a guest post by Terry Painter, author of The Encyclopedia of Commercial Real Estate Advice. If you’d like to submit a guest post about investing in real estate or any other topic to Money Q&A, be sure to check out the site’s Guest Posting Guidelines. In 2002, my client Conrad had a net worth of $230,000 when he called me for a loan to buy a 6-plex in Oakland. This was his first investment property. Today he is worth over $30 million. How did he do it? First, he read a lot of books and took a course on investing in real estate and becoming the best real estate investor. Then, over the years, he did a … Read more

Do You Need Renters Insurance? Here’s What You Need to Know

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Save Money and Time with Your Short-Term Rentals

When you’re renting an apartment, condo or single-family home, your landlord may or may not require renter’s insurance before signing the lease. Even if your landlord doesn’t require it however, you may still want to take out this insurance as a precaution against the potentially devastating consequences associated with personal property loss/damage and even the unlikely (yet possible) circumstance in which the residence becomes uninhabitable. Renter’s insurance can be a financial lifesaver in some cases, yet only one-third of renters actually take out a renter’s insurance policy (and many could be doing it solely because their landlord required it). Whereas a vast majority of homeowners have homeowner’s insurance – likely because mortgage lenders require it and some states even have … Read more

Top 8 Homeownership Costs Renters Do Not Understand

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Millennials and Home Ownership - Do Millennials Need to Buy Homes?

One of the most common parts of the American Dream that millions of people strive for is homeownership, but sometimes it’s not all it’s cracked up to be thanks to homeownership costs. When first-time homebuyers are saving up for a down payment on a home, the other costs related to home ownership that come after you buy the home are oftentimes overlooked because we get so wrapped up in the “saving for a home” part that we fail to adequately prepare for the expenses that come later. The old proverb about the grass being greener on the other side is certainly true when it comes to renting versus homeownership. Rather than focusing almost exclusively on the benefits of homeownership (accumulating … Read more