Landlords who rent their properties on short-term rental sites such as Airbnb will soon see tighter regulations, and in some cases, new fees.
Mayor Lori Lightfoot announced a residential lending plan to complement the commercial development initiative known as INVEST South/West.
Though apartment buildings seem to still be the sweetheart asset, it’s going to be tougher for investors to buy them in the near future, according to Brian Mond of Essex Realty Group.
Though brokers help their clients invest in real estate every day, many don’t have their own portfolios set up yet. Learn from real estate professionals who have done this successfully, whether purchasing rental buildings, flipping homes or serving clients who want to expand their stake in the market.
Brokers often assume they already know what they need to be successful landlords, only to find themselves in over their heads on their first rental. Here are a few common missteps and important tasks to keep in mind.
While landlords might be tempted to turn to collection agencies to try to recoup rent owed by delinquent tenants after the financial hardships caused by the coronavirus-related shutdowns, that might not be the best course of action. Find out why.