Security deposits have a reputation for being a source of tension between tenants and owners, but they don’t have to be. Security deposits are a necessary way to safeguard your investment and encourage good tenants to take care of a property. There are plenty of steps you can take, whether you are working directly with tenants or having your property management handled by someone else, to make sure they are managed with honesty, fairness and efficiency. With these security deposit investment tips, you can avoid headaches and potential legal troubles.
Chris Clothier
Recent Posts
2 min read
Are You Keeping Your Real Estate Investment Priorities in Check?
We hope you’re still on-task for your real estate investment resolutions a month into the new year. After all, new investment strategies and re-evaluations can go a long way to boosting not just your bottom line but also your personal satisfaction in your investments. Real estate investing, while often referred to as passive income, takes a lot of time and — you guessed it — investment.
3 min read
The New American Dream: Rental Housing
Once upon a time, the American Dream was defined in part by the goal of homeownership. People dreamed of their own plot of land and picket fence and a place to call home. In this day and age, however, Americans are realizing that they can call a place home without owning it. The attitude of people toward rental housing is changing. While the majority of Americans still would like to own a home one day, 45% of current homeowners can see themselves turning to renting.
3 min read
The Appeal & Affordability of Memphis Real Estate
For a real estate investor, expanding your portfolio to properties outside of your realm of knowledge can be a daunting notion. You may, for example, be considering Memphis real estate, but you live out of the city or state. Risk is an ever-important element to investing, and deciding where to invest is paramount. So much more goes into the equation when weighing the risk of investing in out of area investment properties. One of the biggest risks revolves around property management. We will get to that in a minute. First, the decision centers on deciding if investing in another city is right and then deciding which city is best. Because real estate investing does vary by location. Not to mention, the real estate market is not the same everywhere — it varies not only by state, but by city.
3 min read
What Real Estate Investors Need to Know About Tax Breaks in 2014
While the only things guaranteed in life are death and taxes, that doesn’t mean tax laws are unchanging. For 2014, many tax laws that people have counted on for good tax breaks are expiring — and not all of them are certain to be renewed. Not only that, but both representatives of the White House and Congress are calling for major tax reform that could have some other major changes in store.
3 min read
Pros & Cons of a Home Security System in Rental Properties
In this day and age, security is a major concern for a lot of people. Unfortunately, the days of leaving your home unlocked without worry are behind us. Burglars and other intruders are a very real concern for your tenants. A deadbolt lock on the exterior doors may help with peace of mind, but it could be that you’re thinking about investing in a home security system for your real estate investment property.
4 min read
Older Housing Providing Big Opportunity For Real Estate Investors
Companies like Lowe's and The Home Depot may be really good bets right now if you are looking for a new stock for 2014. Why? Because America's housing stock is getting older and more and more homeowners as well as investors are buying fixer-uppers as well as choosing to update existing properties rather than buy new ones. On a national level housing stock is aging quickly and that can be a very good thing not only for home stores, but also for homeowners.
4 min read
You Want to Be a Real Estate Investor? Let Shakespeare Help....
To quote the wise William Shakespeare, “To invest in real estate, or to not invest in real estate, that is the question. Whether ‘tis nobler in the mind to suffer the slings and arrows of outrageous fortune…”
3 min read
Should Someone Else Handle Your Property Management?
There are plenty of rewarding things about managing your own rental properties. Some landlords are thrilled by the prospect of finding the perfect tenants for their properties and building lasting relationships with them. They find the experience of managing and maintaining a property to be very rewarding — and it certainly can be!
3 min read
Social Media Tips for Real Estate Investors: Part I
The phenomenon of social media is here to stay, folks. Which sites and applications are the most popular may change -- and it's no wonder considering new ones are popping up all the time -- but the fact remains that social networking has altered the way companies and individuals think about advertising and marketing forever. It is estimated that within the next year or two, dollars spent on social media advertising will eclipse traditional marketing channels.
Topics:
Memphis real estate
social media tips
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