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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 MoreI 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 MoreIt 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 MoreToday 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 MoreHow 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 MoreRenting out rooms in a single-family home can be a great way for landlords to maximize their rental income, but it also comes with unique challenges and legal considerations. Whether you’re new to property management or are a seasoned landlord, understanding these key factors will help you make informed decisions and avoid potential pitfalls. With…
Read MoreMost landlords agree that few things are more frustrating than dealing with a tenant consistently late paying rent or a complete failure to pay rent. Late or missing payments can cause financial strain and legal complications. Continue reading to explore what to do if a tenant doesn’t pay rent, and contact TrueDoor today to protect…
Read MoreRental Property FAQ: Who’s Responsible for Yard and Pool Maintenance? For rental property owners a well-manicured lawn and a clean pool is one of the top ways to attract new tenants. Once a tenant chooses a property, it takes extensive work to keep up with yard and pool maintenance and it’s usually more than what…
Read MoreOwning rental properties is one of the most profitable streams of passive income. While it may seem like it’s only sunshine and rainbows, owning a rental property comes with unfortunate relational struggles. After being in the property management industry for over 40 years, we’ve seen our fair share of landlord and tenant conflicts. One of…
Read MoreRenting to college students can be unavoidable in common Southern California areas like Orange County or the Inland Empire. For young adults searching for a picturesque university experience, the nearby beaches, entertainment venues, and outdoor activities make this sunny state hard to resist. Unfortunately, landlords looking for financial freedom through rental properties struggle to navigate…
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