As the cost of living rises due to inflation, it can become more expensive for hosts to manage cash flow and generate good income on Airbnb and VRBO. This is because inflation can result in higher expenses such as utilities, property taxes, credit cards, and maintenance To stay profitable, hosts may be forced to increase… Continue reading The Impact of Inflation on Short-Term Rentals
Best Places to Invest in Short-Term Rentals in 2021
Looking to invest in short-term rentals and not sure where to start? We recommend reading AirDNA’s recent report on best places to invest. if you’re looking for hidden gems — the off-the-beaten-path spots that have flown under the radar until just recently, these markets currently host between 25 and 100 active properties, but likely won’t stay so… Continue reading Best Places to Invest in Short-Term Rentals in 2021
First Time Home Buyers Guide
Are you thinking about buying your first home? We have information that can help! Our First Time Buyers Checklist can help you start and track on your journey to real estate ownership. Overview Owning your home is the most common and well-known real estate investment. You don’t get cash flow from tenants but you make… Continue reading First Time Home Buyers Guide
Plan Your Budget
We all want to own a home. But before you turn your dreams into reality, you must take a careful, objective look at your finances. Ask yourself: Can I really afford a home? Here is the reality. Very few first-time home buyers have the cash reserves to purchase a home outright. You will have to… Continue reading Plan Your Budget
Using A Real Estate Agent
Real estate agent are trained professionals that help you navigate the home buying or selling process. Real Estate Agents are called Different Things Real Estate Agents are generally called realtors . Realtors assisting with buying a home are referred to as Buyers Agents. Those assisting sellers are called Seller Agents. How do Real Estate Agents… Continue reading Using A Real Estate Agent
Open Houses
An open house is “a scheduled time when a house for sale is designated to be available for viewing by potential buyers” according to Investopedia. You and your real estate agent visit an open house to access its features, livability and make a decision to submit an offer. Mistakes most home buyers make Many home buyers… Continue reading Open Houses
Making An Offer
After you’ve decide to make an offer on a property, you must submit an offer letter to purchase the property in writing. Your offer letter is a legally binding document that includes details such as: Buyer information such as your your name and current address Price you’re willing to pay for the home Deadline for… Continue reading Making An Offer
Real Estate Appraisal
Real Estate appraisals are estimate of the properties market value. Appraisals are valuable to buyers as they provide a non-baised assessment of a properties’ value as compared to others in the local area. Appraisals are used to determine the risk of lending money for the purpose for buying a house. Banks use either a sales… Continue reading Real Estate Appraisal
Home Inspection
This is an absolute must. Hire a home inspector to thoroughly search the home for defects, old repairs, potential problems, and really anything that can bring down the value of the home. What is a Home Inspection? A home inspection is an independent visual examination of the physical structure and systems of a house of… Continue reading Home Inspection
Home Insurance
Homeowner’s insurance pays for losses as a result of damage to your property if something unexpected happens, like a fire or burglary. When you have a mortgage, your lender will require that your property is protected by home insurance. Lenders will generally require proof that you have homeowner’s insurance at closing. What risks does a home… Continue reading Home Insurance
