In the current world that we live in, the market competition is stiff and the price of goods and commodities are ever increasing. Having a wide spectrum of knowledge about the market helps you to gain a more detailed perspective on the market. There are a lot of sectors present in today’s market where one can choose to invest in. One of these sectors which is experiencing a huge growth right now...
1) Document All Communications with Your Landlord in Writing It is best practice to document all communications you do with your landlord. Keeping good documentation can save you from a lot of trouble during and after your tenancy. 2) Do Not Withhold Rent if the Landlord is Not Making Repairs It is not a good idea to withhold rent from the landlord even if repairs are not being addressed. Tenants don’t...
1. Acquire smart investment properties The first piece of advice for success in real estate investment is choosing the right properties. Which will attract the best tenants? Multi-family units are efficient to manage, but single family homes may attract more stable renters. A good real estate professional will help you sort through neighborhood data, search for appropriate properties, and calculate...
1. Renovate the Kitchen Matching the finishes of the oven, refrigerator, dishwasher and microwave will instantly give the kitchen a more cohesive look. You don’t need to spring for top-of-the-line products, but upgrading will increase the kitchen’s functionality, which is a huge win for renters.Give the cabinets some attention: Before spending too much money on all new cabinetry, simply sand and paint...
More and more people across Zimbabwe are renting instead of buying homes. As individuals young and old flock to rentals, landlords must be able to differentiate between various tenants and find reliable ones to lease their properties. Here are some tips on how to find good tenants for your rental home. 1. Require a security deposit Pro industry tip: a sizeable security deposit amount can help you...
If you're a landlord, one of your worst nightmares is having to deal with overdue rent. Having a tenant who simply doesn't pay rent is such a headache. Not only do you have to hunt down the late rent, but you also have to decide how lenient you are. Do you offer a grace period? Do you accept partial payments? Or, do you let it go without any late fees? Getting paid rent is a necessary piece of being a...
1. Property Renovations Boost ROI with Higher Monthly Rent When you determine a monthly rent price to charge tenants, it’s normally based on the rental market and the condition of the property, so you really can’t go any higher without justification. That’s when the question – “Should you renovate your rental property?”, comes into play. If you would like to kick it up a notch, and charge...
Moving into a new home is an exciting adventure — but, it can also be incredibly hectic. There's so much to organize and pack that it's easy to get overwhelmed. To keep that from happening, we've compiled a list of packing tips for moving. If you're planning a move sometime soon, embracing a few moving hacks can help everything go smoothly. 1. Start as early as you can Chances are your move...
With so many more renters relying on digital listings, it's now easier than ever for landlords and tenants to connect. However, these same technological advances also make it easier for rental scams and fraud. Many situations can leave renters in a position where they need to find housing as quickly as possible. Things like financial insecurity, relocation, the sale of their current rental, etc. Combine...
What Is Real Estate? Real estate is defined as the land and any permanent structures, like a home, or improvements attached to the land, whether natural or man-made. Real estate is a form of real property. It differs from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, and farm equipment. KEY TAKEAWAYS Real estate is...