The legal theory of implied warranty of fitness states that an item is fit for the purpose for which it is sold. For example, when a tenant rents a place…
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Investment Strategy:
9 free rental property record keeping templates
Real estate investors use worksheets and record keeping templates to keep track of all of the moving parts in a rental property, from property analysis and purchasing, to tenant leasing…
Why investors use separate bank accounts for rental property
Owning a rental property is a business venture, and having a rental property bank account is a key part of investing in real estate. A bank account for a rental…
Rental property valuation: 5 ways to value your property
Real estate investors value rental property differently from regular homeowners. In addition to providing tenants with a nice place to live, investors also purchase rental property for the potential monthly…
The 3 types and uses of cost basis for rental property
Some real estate investors mistakenly believe that the “cost basis” of property is its purchase price. However, cost basis isn’t as clear cut as it might seem. Understanding the difference…
Can landlords use FreshBooks for their rental properties?
Real estate investors use rental property accounting software to keep track of income and expenses, claim every possible tax deduction, and monitor property financial performance. Some investors use a basic…
Rental property chart of accounts (free template & resources)
Having a rental property chart of accounts is a key component of managing the financial performance of any real estate investment and making better investment decisions. The general concepts for…
A simple guide to getting a HELOC on a rental property
The real estate market is extremely competitive today, and good deals can be harder to find. When the right opportunity comes along, the last thing many investors want is to…
U.S. cities with the largest growth in high-paying jobs
One of the COVID-19 pandemic’s most significant long-term effects on the economy could be rising wages. With widespread shortages in the labor market reported this summer, many employers—particularly those with…