You probably know a relative, or neighbor, or co-worker who has a rental property. Individual real estate investors - those who buy a property for the express purpose of renting it out - are almost everywhere. It seems easy. You acquire a property, advertise it "for rent," then collect an extra paycheck each month when your tenant pays you. But not all rental properties are created equal. And there can...
2019
Need a change of pace? St. Kitts and Nevis are peaceful islands in the Caribbean that can offer you the lifestyle and scenery you crave. If you’re looking to move to St. Kitts, you’re probably spinning several plates in the air at once. From packing your belongings, organizing a major international move, and choosing the best place to live on St. Kitts can be overwhelming. Here’s what you need to...
You may think that to raise your rental property income you can just raise rents. However, you can't just raise the rents arbitrarily, because if tenants leave, income goes down, not up. Fortunately, there are other ways, including the ones listed below. Consider raising the rent. We did dismiss ARBITRARY rent hikes as a cash-flow solution, but check on the rates for similar units. Are you renting at...