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Wed
19
Feb
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LandLady Katie: Tax Time Doesn’t Have to Be Taxing

Tax time is here again and you should be aware that rental income isn’t the only way to make money when you rent a property. There are many incentives and tax advantages given to rental owners that entitle you to larger profits. Some of these money saving advantages are available monthly, and some of which are available annually when filing your taxes

Were you aware that often the entire amount of your property loan payment is tax deductible? This means that both the principle and interest payments made towards your property loan may possibly be deducted from your rental income. In addition, the interest that you pay on credit card purchases for your rental property is also tax deductible. As a real estate investor, you want the rental income to match as closely as possible to the property expenses to minimize tax liability.

Sun
16
Feb
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Social Media and Marketing

Why is social media important to your business and how does it play a role in marketing? Social media is a low cost way to communicate with your customers, both current and future. The number one goal of social media is to build relationships and connections. Brian Solis, social media expert states, “Welcome to a new era of marketing and service in which your brand is defined by those who experience it.” Your connections and relationships help to build exposure to your community.
The last time I was out of town, we were looking for a good place for dinner. I turned to Monocle on Yelp to help with my search and found ratings from other customers as well as comments on their dining experience. I was able to pull up the menus, find pricing and even read comments on what attire would be appropriate for the restaurant. We were pleased with the results and truly enjoyed our dinner, posting our experience on Yelp’s site.

Wed
22
Jan
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LandLady Katie: Love This Job

Love Being a Landlord

I’m going to bet that you probably haven’t heard many people say that they love being a landlord. If anything, you’ve heard the cons, hatred, and horrific stories of doing such. But, in a world where there is so much emphasis on negativity, I’d like to bring our attention for a second to some of the positives of the property management industry. So, whether you’ve chosen to be a landlord as a career, or have been lucky enough to have inherited the job of managing rentals, there are many benefits that go along with being in this business.

Fri
17
Jan
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Apartment Markets Soften Slightly According to NMHC Survey

WASHINGTON, D.C.— Apartment market conditions weakened a bit in January compared with three months earlier. The market tightness (41), sales volume (41) and debt financing (42) indexes were all a little below the breakeven level of 50, although the equity financing index rebounded to 50. Higher interest rates may largely explain the modest decline in both sales volume and debt financing. With considerable equity capital continuing to look for apartment opportunities, a number of respondents noted a growing divide between would-be buyers and sellers on pricing.

“Apartment markets are little changed from October,” said Mark Obrinsky, NMHC’s Senior Vice President for Research and Chief Economist. “At least half of our respondents to each of our four main questions reported conditions as unchanged from three months earlier. Although markets are a little looser than in October, this is largely seasonal; overall markets remain fairly tight.

Fri
17
Jan
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Increased Demand for Rental Housing Drives Global Residential Real Estate Investment Trusts

Key profitability ratios such as return on equity and EBITDA margins expected to witness an increase

MOUNTAIN VIEW, Calif., Jan. 14, 2014 /PRNewswire/ -- Higher interest rates, rising house prices, better employment ratios, and reluctance to own houses due to prior foreclosures, are pushing up the demand for rental housing. This is opening up opportunities for residential real estate investment trusts (REITs) globally. Rent growth and decreasing vacancy rates will further boost the profitability of REITs.

New analysis from Frost & Sullivan, Global Residential REIT Industry, based on a study of 108 REITs, reveals the market earned revenues of $23.23 billion in 2012. Key profitability ratios such as return on equity and earnings before interest, taxes, depreciation and amortization (EBITDA) margins rose in 2012, and this trend is expected to continue.

Fri
17
Jan
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Property Insurance – The Basics on Insuring Your Property

by Leonard Baron

When you own real estate – whether an investment or a personal residence – you should procure the proper type and dollar value of insurance needed for your property. Unfortunately, many people don’t understand the basics of how insurance coverage works, and many individuals just want to spend “as little as possible” on insurance. The trouble comes about when there is an problem, like a fire, slip-n-fall, or lawsuit. If you don’t have the right type of insurance, nor enough coverage, it could end up costing you a lot of money. So let’s go over the basics herein, plus we’ll discuss renter’s insurance basics and tenant liability insurance basics too.

A standard dwelling insurance policy will cover losses on the building, separate structures, personal property, loss of use, liability, and a few other optional coverages. The one’s that are more important to focus upon are:

Wed
15
Jan
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5 Questions with Multifamily Plumbing Expert, Stephen Poff

Rental Housing Journal sat down with Stephen Poff of STOP, Inc. Here’s what Stephen had to say about plumbing for the apartment and rental housing industries.

Rental Housing Journal: What are the 2 or 3 most common plumbing issues you run in to while servicing apartments?

Stephen Poff: The most common issue we encounter servicing apartment complexes would be plugged kitchen sinks. These are problematic because they can cause multiple sinks on a single stack to back-up, and possibly flood out a lower unit. Another very common issue would be main water line breaks between the water meter and the building. Most of the time a plumber is able to make a temporary repair to slow the leak down, or stop it completely. By doing this we can give the apartment manager the 24 hour notice needed to shut down the water and make a final repair.

Fri
10
Jan
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Dupre & Scott Video Report: Whether Map

WHETHER MAP Whether people move or not, and whether they move here or not are important issues for apartment developers and investors. Here is a look at current migration trends that impact housing demand, with some surprises.

Wed
18
Dec
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Four Predictions For 2014

SEATTLE, Dec. 5, 2013 /PRNewswire/ -- Zillow is making four, bold housing predictions for 2014, and has determined which housing markets will be the hottest this coming year.
2014 Predictions
U.S. home values will increase by 3 percent.
Mortgage rates will reach 5 percent by the end of the year.
It will be easier for borrowers to get a mortgage in 2014.
Homeownership rates will fall to their lowest point in nearly two decades.
2014's Hottest Housing Markets
To determine which markets will be the hottest in 2014, Zillow combined data on unemployment rates, population growth and the Zillow® Home Value Forecast.1 The list is intended to give an early view into housing markets that are likely to experience heavy demand for homes, as well as increasing home values.
2014's Hottest Housing Markets
1.
Salt Lake City
6.
Raleigh, N.C.
2.
Seattle
7.
Jacksonville, Fla.
3.

Tue
17
Dec
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Slow and Steady Growth of U.S. Economy Lays Positive Foundation for Economic Outlook in 2014

Transwestern Releases December Edition of "the BRIEFING"

HOUSTON, Dec. 17, 2013 /PRNewswire/ -- Neither downgrades, cliffs, tapering defaults or political theater have been able to stop the slow and steady growth of the U.S. economy. Despite this ongoing uncertainty, it's business as usual for Wall Street and Main Street, according to the December edition of "the BRIEFING" report compiled by Transwestern.

A more favorable global economic outlook is also coming into focus as the Eurozone shows its first improvement in unemployment and Japan's outlook is on the rise. This, paired with a U.S. consumer who is now armed with lower debt levels and rising income, stock and home prices, should provide the foundation for continued growth in 2014.

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