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Owning a rental property can be extremely financially advantageous, providing you with a steady stream of income and an opportunity to benefit from long-term property appreciation. But owning this type of property, and managing tenants actively, does come with some additional complications and risks. For example, let’s say you’re 6 months into a 1-year lease

Most people buying a house for the first time are primarily interested in a single-family home – a traditional house that was designed to provide shelter to a single family, with a single unit. But there are also multifamily homes available for sale, including duplexes. Duplexes are multifamily houses with two individual units; if you

If you want to sell your house as quickly as possible, you’ll be willing to consider a wide range of different marketing and sales tactics – including offering an open house. In an open house environment, prospective buyers can freely tour your house, talk to your real estate agent (if applicable), and even make bids.

In a free market, prices contain valuable information. They can tell you about supply and demand in a given environment. They can sometimes indicate quality and value. And, of course, they can help you determine whether a purchasing or economic decision makes sense for your unique situation. One of the first things you’ll study when

Are you a new rental property owner, or have you added to your portfolio of investment properties? One of the best decisions you can make is to hire a property manager to help you make the most of your investment. For a relatively small percentage of the monthly rental income, a property management firm can

A Homeowners Association (HOA) is a governing body that establishes restrictive covenants designed to maintain property value and keep a neighborhood attractive. It’s run by a board elected by members of the community and is supposed to serve those within the HOA. Anyone who owns a home controlled by an HOA must abide by a