Raising Rent (& Risking Tenant Turnover) vs. Playing it Safe (& Missing Out on Rent): Which Wins Out?

business-questions

Is it better to raise rent and risk vacancy — or keep rent where it is and miss out on more monthly revenue? Take a closer look here!

View the full article: Raising Rent (& Risking Tenant Turnover) vs. Playing it Safe (& Missing Out on Rent): Which Wins Out? on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Home Upgrades That Are Seriously Worth Making (Think: ROI!)

5 Renovation No-No’s When Putting Your House on the Market

When it comes to renovations, whether you’re enjoying your new kitchen, bathroom, or backyard addition yourself, or hoping to increase your property value in an effort to sell, some home upgrades make more of an impact than others. This guide will help you make the most of your home improvement budget.

View the full article: Home Upgrades That Are Seriously Worth Making (Think: ROI!) on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Hey, Mr. President, what about removing lumber tariffs to make homes affordable?

Canadian softwood lumber used to build U.S. homes currently carry tariffs of about 20%. That adds $9,000 to the price of a typical new home and more than $3,000 to the cost of a multifamily unit, NAHB said. At a time when all eyes are on U.S. housing affordability issues, the trade dispute with Canada is “needlessly driving up housing costs,” Greg Ugalde, chairman of NAHB, said in a statement.
  • NAR released a summary of existing-home sales data showing that housing market activity this April, modestly fell 0.4 percent from March 2019. April’s sales of existing homes dropped 4.4 percent from April 2018. April’s existing-home sales reached a 5.19 million seasonally adjusted annual rate.

  • The national median existing-home price for all housing types was $267,300 in April, up 3.6 percent from a year ago. This marks the 86th consecutive month of year-over-year gains.

  • Regionally, all four regions showed growth in prices from a year ago. The Midwest had largest gain of 5.5 percent followed by the South with a gain of 4.4 percent. The West had an increase of 1.3 percent followed by the Northeast with a modest incline of 0.9 from April 2018.
  • April’s inventory figures are up from last month 9.6 percent to 1.83 million homes for sale. Compared with April of 2018, there was a 1.7 percent increase in inventory levels. It will take 4.2 months to move the current level of inventory at the current sales pace. It takes approximately 24 days for a home to go from listing to a contract in the current housing market, up from 26 days a year ago. This would be the fastest pace since 2011 when the days on the market index began.

  • From March 2019, two of the four regions showed declines in sales while the Midwest was flat. The West was the only region to have an incline in sales at 1.8 percent. The South fell 0.4 percent followed by the Northeast with the biggest decline of 4.5 percent.
  • All four regions showed declines in sales from a year ago. The Midwest had the biggest drop in sales of 7.9 percent followed by the West with a decline of 5.9 percent. The Northeast fell 4.5 percent followed by the South with a dip of 1.7 percent. The South led all regions in percentage of national sales, accounting for 43.7 percent of the total, while the Northeast had the smallest share at 12.3 percent.

  • In April, single-family sales were down 1.1 percent and condominiums sales were down 5.6 to last month. Single-family home sales fell 4.0 percent and condominium sales were down 8.1 compared to a year ago. Single-family homes had an increase in price up 3.7 percent at $269,300 and condominiums rose 3.4 percent at $251,000 from April 2018.

Rental Property Inspections: 4 Types That Can Save Your Property (and Sanity)

landlord-lessons

Landlords sometimes skimp on rental property inspections because they view them as time-consuming and unnecessary. But what happens when a tenant inevitably damages your property—and you haven’t documented its condition at move-in? Inspections can save you massive money (and your sanity!). Don’t skip these four.

View the full article: Rental Property Inspections: 4 Types That Can Save Your Property (and Sanity) on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

3 Tips for Recession-Proofing Your Real Estate Investments

first-investment-property

There’s a lot of talk about being due for another recession. While no one knows what’s truly going to happen or when, I’m going to go over the ways I am recession-proofing my holdings and portfolio. 

View the full article: 3 Tips for Recession-Proofing Your Real Estate Investments on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

BiggerPockets Business Podcast 04: Building a 6-Figure Business Buying and Selling Items Online with Bill and Maida Webster

This is an entertaining and insightful show that will inspire you to start looking around the house for items to sell. Whether it’s Amazon, Facebook, Craigslist, eBay, or another platform, if you’re looking to create a new income stream by buying and selling online, this episode is a perfect starting point.

View the full article: BiggerPockets Business Podcast 04: Building a 6-Figure Business Buying and Selling Items Online with Bill and Maida Webster on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

How to Create $50,000 in Passive Income With 14 Doors

BRRRR-strategy-deal

It’s possible to replace your income with fewer doors than it takes the typical real estate investor. It involves using various financing methods and strategies. Not everyone will take this route or agree with it—that’s OK. But if you know your stuff and have good mentors, you can achieve this goal in just a few years.

View the full article: How to Create $50,000 in Passive Income With 14 Doors on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.