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Carrying homeowners insurance on your primary residence typically covers the structure, the property’s contents, and liability. But having owner’s insurance on a rental property is slightly different. An owner’s insurance policy on a rental property also covers structural damage and provides liability coverage but does not typically insure the property’s contents. After all, when you…
When the U.S. Congress passed the Fair Housing Act in 1968, it protected individuals and families from discriminatory or deceptive practices by those renting or selling residential properties. An amendment in 1988 further defined protected classes covered by the law, including race, religion, sex, disability, and family status. While the legislation is well-intended, it can…
Owning rental properties is a way to generate recurring, consistent income in the form of rent. And, in most areas, the market value of real estate consistently rises. However, as solid an investment as rental real estate is, it is not a passive investment. From single-family homes to apartment buildings with hundreds of units, every…
Investing in a rental property can be a great way to generate consistent recurring income, but it’s not an entirely passive investment. Any rental property requires management. When you think about managing a rental property, you might think about maintaining the property and handling tenant relationships. But there’s also the matter of finances and bookkeeping….
Owning a rental property can be a great investment, a source of consistent recurring income without you having to physically be there most of the time. Unlike a job, a rental property makes money while you’re on vacation, while you’re sleeping, and while you’re doing whatever else it is that you do. However, one of…
Owning a rental property can be a great way to generate recurring income and gain equity value over time. Real estate investors know that it’s often a very profitable venture when it’s done the right way. They also know that it’s not a 100-percent passive investment. Any rental property, big or small, requires management. For…
If you’ve invested in a rental property, especially in a high-demand area such as Santa Clara County, you’ve likely made a considerable investment. In the second quarter of 2022, the average sales price of a home in Santa Clara County was $1.6 million. Sure, the property will generate rental income and will almost certainly continue…
If you’re a rental property owner, it might be tempting to go online, download a basic lease agreement, and present it whenever you have a new tenant. A basic lease will include the monthly rent amount, the duration of the lease, and generic notations about the security deposit, pets, and maybe late fees. As a…
If you’re the owner of a rental property or know someone who is, you might be aware of what a nightmare a bad tenant can be. Some rental owners assume that a tenant who regularly pays rent on time is a good one, only to discover when they move out that they’ve wrecked the place….
Acquiring a rental property might sound like a good way to generate passive income in the form of rent, but how much income you generate – and how passive it really is – can come down to one question: Who is going to manage the property? There are plenty of rental property owners who manage…