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…
When you’re the owner of a rental property, it can seem as though you have a part-time job. Sure, you’re earning income, but you’re also spending time managing the place. Unless you hire someone else to manage the property, it’s not an entirely passive investment. Hiring a property manager means adding an expense, but is…
The appeal of investing in residential real estate is the income and potential appreciation it provides. When you’re the owner of a rental property, you receive income when it’s rented out and tenants are paying on time each month. The profitability of your rental property depends on the attraction and retention of good tenants. It’s…