Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors
3 Ways to Determine How Much You Should Charge for Rent
I've been in the rental real estate industry for almost 17 years now, and during that time, I've added many properties to my portfolio from various states. When it comes to rental income, there's no one magic rate that I could set across the board, so I always wondered how much I should charge for rent with each new rental I acquired. After gaining experience, I've learned that each location has its own set of market qualities that determine the rate, and that there were certain things I needed to do to ensure the max rate was set for each property. With that in mind, in this article, I'm going to share a few of the most important factors you should focus on when determining what monthly rate is best. Figuring Out How Much You Should Charge for Rent – A Quick Guide If you're new to the game, it...
Reasons Investing in Real Estate Early 2024 Can Provide You With Significant Financial Benefits
Investing in real estate early 2024 can provide you with a golden opportunity in your...
Can You Use a HELOC to Invest in Rental Real Estate?
Individuals seeking funds to fuel their investment journey frequently overlook the equity...
Feds Keep Key Interest Rate Unchanged Confirming Housing Explosion on the Horizon
The Federal Open Market Committee (FOMC) held its 2-day meeting this week, resulting in the...
Mortgage Rates Continue to Drop Signaling a Good Time to Invest in Real Estate
Rates fell once again as the 30-year fixed-rate mortgage averaged 7.03% this week, down from...
Financial Advantages of Using a Property Management Company
If you're new to the lucrative world of real estate investing and feel it would be more...
CPI Indicates Interest Rate Hikes May End Pushing Real Estate Investors to Buy
Interest rates seem to have reached a peak, and we're seeing the 30-year fixed mortgage rate...
Reasons Why the 401(k) is a Bad Investment Vehicle to Retire On
Many investors can testify that the 401(k) is a bad investment vehicle to retire on. At the...
New Construction Build-to-Rent Properties are a Good Investment with a Skyrocketing Demand
The surging popularity of new construction build-to-rent properties among individuals and...
Why Rental Properties are a Safe Investment During Times of High Inflation
History has revealed that rental properties are a safe investment, especially in turbulent...
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