The 1031 exchange, a like-kind exchange, allows property owners to defer capital gains and depreciation recapture taxes when selling an investment or business property and replacing it with a “like-kind” investment. Although the process is complicated, knowing how to use this tax deferment strategy can fund more investments, making it an essential tool. What is
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The goal of every real estate investor is to maximize the ROI on their property purchases. One of the oldest and most successful ways to do this is by investing in multifamily property. A new real estate investor may shy away from a property with three or four units in it out of pure fear.
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Owning a small multifamily property in Prince George’s County can be daunting, especially if you’re a new landlord or don’t have experience managing that type of property. Instead of just one, you’ll now have two to four new units to fill, manage, and maintain. If this is the case, you’re in need of some tips
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There is more to protecting your rental property in Gaithersburg than screening tenants, drafting lease agreements, and inspecting your property. In fact, one of the most important things a landlord can do is collect security deposits at the start of every lease. Though you expect your tenants to follow the rules and care for your
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If you’ve been experiencing a loss on your rental property, there’s no need to panic. There are several reasons your revenue might not be living up to your expenses and perhaps making some adjustments could make the difference. Here are 6 things to consider if your Maryland rental property business is currently losing money. Unexpected
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When you bought your first rental property, you were probably determined to manage it yourself. But, as with many first-time landlords, it probably didn’t take long to realize that it was more difficult and time-consuming than you had originally thought. After a year or two, you may be considering hiring a property management company to
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There is nothing worse than having to chase down the tenants living in your Chevy Chase, Maryland, rental property for late rent payments. It’s a frustrating experience that can often leave you stressed and wondering if owning a rental property is even worth it. Fortunately, you can charge a late fee to tenants who do
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To fully maximize your real estate investment and ensure you’re making sound financial decisions, tracking specific rental property metrics is crucial. These numbers and formulas will help you determine the state of your current investments and make decisions about potential ones. Investing in real estate, especially income-generating real estate like a rental property, requires a
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The truth of being a landlord in Bethesda is that tenant complaints are inevitable. While your rental property may be perfect in your eyes, a tenant may find one or two faults in it or their experience. Fortunately, handling common tenant complaints is an opportunity to set yourself apart from other landlords. When you handle
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Rental property owners are working with property management companies more than ever. Over recent years, studies showed an increase of about 11 points in rental owners’ desire for property managers. With the current demand for property management, finding a good property manager in Rockville, MD could prove difficult, as their services are highly sought after.
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