Sentences with phrase «on a rental property»

We've paid off my mortgage on my rental property in 9 years.

The money we would spend on a car could be used as a down payment on another rental property in my local market.

In some cases, the all - in return on a rental property just isn't enough to beat out other alternative investment options.

One disaster that you might not think about that still could cause serious damage to your finances would be someone getting injured on your rental property.

Our general thinking is to pay off the mortgage on our residence ASAP but make no additional payments on our rental property mortgages.

Can you claim interest or depreciation on a rental property if the tenant is a relative and the relative pays the mortgage and interest and insurance?

Property owners purchase insurance on their rental property to protect the property against disasters, such as fire.

The interest on the rental property mortgage is tax deductible and it's a lower amount than our principal residence, so I'd put any extra money towards the principal residence.

Let a professional focus on your rental property while you focus on more important things, such as your family or career.

For example, if someone is injured while on your rental property, they may have the ability to open a lawsuit against you.

You can only deduct homeowner's insurance premiums paid on rental properties.

Fact is, people have been making money on rental properties for years.

My interest in real estate began at a young age, as I used to work on rental properties for my aunt and uncle.

Most individual investor landlords can deduct up to $ 25,000 per year in losses on rental properties, if need be.

Because you can't get a HELOC on rental property, you might get a commercial line of credit.

Make sure any money you spend on your rental property is documented, whether it's repairs, upgrades, or purchases.

Managing maintenance on rental properties can be the difference between happy and angry tenants.

Not comfortable with the possibility of losing money on your rental property?

We take pride in providing you with a comprehensive and cost - effective system that will bring you a maximum return on your rental property investment.

After all, rent payments are your main source of income on your rental property.

Will you be the only one with coverage on the rental property?

«We may see an impact on rental properties up - country if this trend develops,» he says.

I am closing on a rental property at the end of this month that has hardwood floors throughout.

A lot of people hear about the potential for profits on rental properties, so when it's time to upgrade to another home, they decide to rent their existing one.

Cash flow is the amount of money you make on a rental property every month after paying all expenses.

It is possible for a current investor to refinance an existing loan on a rental property.

Most with good credit scores should be able to get a conventional mortgage though interest rates on rental properties are usually higher than owner - occupied home loans.

I only pay a mortgage on my rental properties because I can deduct the mortgage expense since it is a rental.

And if you do pull out some equity on a rental property your tenants will help pay the mortgage down again.

We have got to meet our mortgage payments on our rental properties just like you.

If you carry a regular home insurance policy on your rental property, your insurance company may refuse to pay on claims if they discover that the property was occupied by a renter.

Imagine what would happen if your dog was to bite a neighbor's child, or if there was an accident on your rental property.

As a landlord or property manager, you may increase rents on rental properties periodically.

Beyond the income generated from rent, landlords also stand to save money via tax deductions on rental properties.

You can deduct mortgage interest on rental property as an expense of renting the property.

Based on their rental property investments alone, I had a suspicion that they were financially independent.

The board also took aim at the rise in proposals at the state and local level that would impose rent control in some form on rental property owners.

The deductible percentage of homeowners insurance premium cost is dependent on the rental property.

Now that I've shared how I got started in real estate investing, I thought I'd give you the details on my rental properties.

Training the dog properly is also important, particularly if you live on a rental property or in close quarters.

When you experience a fall on a rental property, you could be badly hurt as a result.

You might be able to get discounts for safety features on your rental property.

... not only is it hard to find in an expensive market, it is also from my experience a horrible predictor of long term profitability on a rental property.

For example, if a neighbor is visiting and is attacked by the dog that you keep on your rental property, they may decide to press charges and sue.

With lawmakers cracking down on rental properties from coast to coast, it's a risky move to just «figure it out» yourself.

Just as your business expenses will be deducted from your salary, any write - offs you take on a rental property will be deducted from your rental income.

I've been earning about 9 % cash return per year on my rental properties.

[pro tip: Keep eyes or pay someone (property manager) to keep eyes on your rental property.