Hiring a Property Manager vs. Self-Managing: What’s Better?

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The way a rental property is managed can make the difference between a successful and a struggling rental business.

Should you hire a property manager or should you self-manage your property?

In this post, you’ll learn the difference between the two options to help you in making the right decision for your Antelope Valley property. (more…)

The 5 Biggest Risks to Your Desert Home

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Many California homeowners believe that the biggest risks to their property are storms or wildfires.

Although these events can lead to disasters, the largest risk of all comes from the lack of proper maintenance.

Improper maintenance is an issue that is not effectively addressed by the homeowner, causing the problems to develop and worsen over time.

Although home insurance covers you for damage that is sudden or accidental (like a flood), it cannot cover problems that were allowed to develop through a lack of maintenance.

In this post, we will cover some of the biggest risks to your property from improper maintenance.

This will give you a clear idea of what you should be doing regularly to keep your home as risk-free as possible. (more…)

4 Tax Benefits of Investing in Real Estate

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Real estate investments can come with many potential benefits, especially when the property was strategically bought.

With this type of investment, you can grow your personal wealth by boosting your passive income, all while diversifying your portfolio.

Unfortunately, investment property owners aren’t taking full advantage of this opportunity because they aren’t as knowledgeable about the related tax benefits as they should be.

Leaving these benefits on the table prevents you from keeping a larger share of your ROI (return on investment). (more…)

7 Simple Ways to Avoid Bad Tenants

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As a landlord, you can agree that having a bad tenant adds a boatload of new responsibilities to your job. A bad tenant is not only a threat to the safety and well-being of your property but is also just a plain inconvenience.

That’s why property management experts will always tell you to, “make sure you have an air-tight tenant screening process.” It really goes a long way when searching for understanding and qualified tenants.

While screening the rental applicant is important to your rental business’ long-term success, pre-screening potential tenants can also help you in the process.

Accordingly, if your rental property in Lancaster, CA is vacant and ready for occupation, make sure to take all the necessary steps to find a good tenant. (more…)

8 Tips for Buying an Investment Property in Lancaster, California

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Buying your first investment property in Lancaster, CA can be very exciting. Real estate is often a profitable investment option.

However, seeing as it is a big investment, it’s wise to be cautious.

One wrong move could cost you.

So, before making any big decisions, make sure you do your research on Lancaster’s property market.

If you’re just getting started and wondering how to successfully buy a rental property, we want to offer you some helpful advice.

(more…)

7 Points to Include in Your Lancaster Rental Agreement

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Every Lancaster landlord’s goal is to have their rentals occupied by good tenants.

That is, tenants who pay their rent on time, follow the rules, keep common areas clean, and refer other good tenants to occupy any vacant units.

A clear rental agreement is an important tool to make sure all expectations are met between a landlord and a tenant. (more…)