For decades, the American tax code has offered a massive incentive for primary homeownership: a generous tax shield on the profits made when you sell your house. For many everyday middle-class citizens, this tax exemption was traditionally viewed as a bulletproof protection for their retirement nest egg. However, the real estate market is vastly different…
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With the real estate market continuing to grapple with frozen inventory and sky-high home prices, a radical concept has gained traction in housing circles: the 50-year mortgage. Proponents suggest that stretching a loan out over half a century could be the master key to unlocking the gridlocked housing market. Detractors, however, warn that it is…
Right now, the U.S. real estate market is locked in a high-stakes staring contest. Millions of homeowners are sitting on mortgage interest rates around 3%. If they want to move, they have to trade that historically low rate for a new loan at 6.5% or 7%. Unsurprisingly, most people are staying put, creating a massive…
Discovering that a tenant has sneaked an unauthorized pet into your rental property is an incredibly common headache for landlords. Sometimes it starts as a “weekend visit” from a friend’s dog that never leaves, and other times tenants try to circumvent pet deposits by claiming the animal is an Emotional Support Animal (ESA). Regardless of…
When managing a rental property, maintaining the home and keeping tenants happy are top priorities. One of the most effective tools a property management company uses to balance these goals is the “repair threshold.” But what exactly is a repair threshold, and why is it so crucial for both landlords and tenants? What is a…