Most real estate investors invest for one main reason – making money. And there’s only one way to know if you are.

How?

You track your efforts. You calculate your return on investment (ROI).

To do so, you’ll want to track how much money has gone in and how much have you gotten back.

If you have a surplus, you’re making money. It’s a little more complex than that but that is the overall concept.

Now, that means you need to track your efforts.

“What gets measured, gets managed.” – Peter Drucker

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The only way you can maximize your rental income is by minimizing your expenses. While there are many ways to go about it, taking advantage of tax benefits is often the best place to start. (more…)

Landlords are plagued by tenant problems every day. However, lowering the rental price to keep the good ones and evicting the bad ones may not be the best solution.

Not only will lower rents affect your rental income, but evictions can also be frustrating and time-consuming. Additionally, you’ll also have turnover costs associated with looking for a new tenant.

That said, carrying out an eviction can sometimes become necessary. So, whether you are just starting out or have been a landlord for years, knowing how the eviction process works is an absolute must. (more…)