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Income Property Top Related Articles
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1). Obtaining an Income Property Loan By : Michael Southard
With your decision to acquire an income property, you have also likely considered what you want to accomplish, and over what period of time. The same criteria that are used in any sound investment strategy or financial plan also applies to income properties. Property managers typically charge a percentage of gross income. This usually varies from 5% to 10% of gross income, often with an additional charge for new leases.
Article Related to: income property, loan, lender, commercial loan, commercial lender, real estate loan, commercial property loanincome property, loan, lender, commercial loan, commercial lender, real estate loan
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2). Rental Properties: 10 Ways To Increase Income By : Steve Gillman
What if you want better cash flow from your rental properties? You can't just raise the rents arbitrarily. If tenants leave, income goes down, not up. There are other ways, though, including the ones listed below.
1. Install coin-operated washing machines. Even if you don't have the money to do this yourself, you can find a company that will do it for you, and share the income with you.
Article Related to: rental properties, income property, real estate
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3). Rental Property Income - How To Increase It By : Steve Gillman
You may think that to raise your rental property income you can just raise rents. However, you can't just raise the rents arbitrarily, because if tenants leave, income goes down, not up. Fortunately, there are other ways, including the ones listed below.
1. Consider raising the rent. We did dismiss ARBITRARY rent hikes as a cash-flow solution, but check on the rates for similar units.
Article Related to: rental property income, income property, real estate
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5). Hiring the Right Property Manager for Your Rental / Income Property By : Joshua Dorkin
I'm often asked what to look for when picking a property manager. Its a great question, and I’ll try to cover a few important points. Although they can sometimes be expensive, they can also save you from many headaches that go along with being a landlord. I’m going to ask more questions then I’ll answer, but these are questions you’ll want to keep in mind when interviewing managers.
Article Related to: landlord, property management, income property, landlording, section 8, property advertising, managing rental property, rentals, tenants, real estate investing, real estate investor
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6). Sell Your Income Property For More By : Steve Gillman
Selling income property isn't like selling a house. You can paint a house, and get a little more because it looks nice. Rental property is different, because it's bought by investors, who look at income more than new paint. Raise income, and you increase value.
Let's assume investors in your area expect a capitalization rate of .08. That means that they want a net return (before loan payments and taxes) of 8% on the purchase price.
Article Related to: rental property, selling rental property, income property, real estate
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7). Buying Investment Property By : Steve Gillman
First a little story about buying investment property.
My wife and I stayed at a motel in Tucson for a week one winter. Our bill was for twice what it should have been, but since I already paid the correct amount in cash, I thought nothing of it. During our stay, we noticed that the lobby and swimming pool were unheated, and passed it off as frugality.
Article Related to: buying investment property, income property, real estate
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