1031 Exchanges Explained
https://youtu.be/7cdKAwhJOfg Today we will explore the 1031 exchange, a powerful strategy that allows investors to defer capital gains taxes and maximize their investment returns. Let’s get started!” First, let’s understand the basics. A 1031 exchange, also known as a like-kind exchange, allows investors to sell an investment property and reinvest the proceeds into another…
Read MoreCan I pick my own tenant?
I want to know who’s living in my property. Can I pick my own tenant? Many property owners are concerned about picking the right tenants. It’s understandable, you want to protect your investment. However, what some investors might not understand & really should be aware of is that there are certain laws and regulations you have…
Read MoreMoving Out? Have your home cleaned & Get Paid for outdated items
It has come to my attention that a lot of property owners who are entering the Golden Years of their life, are now heading either to Florida or just downgrading to an easier way of living. Whatever the move might be, I have seen a lot of homes with a lot of, lets just say,…
Read MoreHow we Evaluate your Property to get the Most Rent
Today I would like to address the process of how we evaluate your property in order to get the most rent for it. In today’s market, you have to keep in mind that when Covid 19 lockdowns took place, caps on raising the rent on many properties did too. So it seems, a lot of the…
Read MoreProperty Management Statements Explained
How do property management statements work? I’m Kyle at TrueDoor Property Management. I’m going to explain how to understand the statement for your rental property. Each property management company will be using different software, but most statements work the same way. Our company uses the Appfolio software system and I’ll be showing you statements from…
Read MoreShould I rent out separate rooms?
Should you rent out each room individually, or rent the entire house to one family? You are going to see a lot of YouTube videos out there saying how profitable it is to rent out the rooms in your rental property to individual renters, instead of renting the property to one party or family. Doing…
Read MoreWhen is rent late? & How to collect the rent!
When is the rent due? How do I collect the rent? When should I start an eviction? These are all common questions by property owners. The lease agreement sets the terms for when rent is late. There’s a lot of variations out there, so please read the lease contract carefully. Most leases are going to…
Read MoreDoes the renter pay for Yard & Pool care?
Is the tenant or property owner responsible for paying the gardener and pool cleaner? Many rental properties, especially single family homes, have a nice yard or maybe even a swimming pool. There is no law that says either the owner or renter should be in charge of cutting the grass or cleaning the pool. The…
Read MoreCan you force tenants to be clean?
How can you force the tenants at your rental property to be clean? Nobody likes the idea of dirty renters, but what can you do about it? Everyone has a different standard for what clean is, so let’s start by saying there’s messy renters and then there’s unsafe-level-dirty renters. For your average messy renter, there’s…
Read MoreCan you deny college students?
College students have a bad reputation when it comes to rental properties. Some of the stereotypes are they are loud, they throw parties, they have too many roommates, they use drugs and drink too much, they break things and are generally hard on properties. So many landlords ask us do I have to accept college…
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