The Qualified Mortgage Rule – a piece of the Dodd Frank Act designed to prevent another mortgage meltdown like the one in 2008 – has drawn fire from the mortgage industry and consumer advocates alike. And as we’ve noted before in this space, it offers a mixed message...
Renting to students used to be a landlord’s worst nightmare. All night parties, police raids and trashed properties made anyone except shadier landlords steer clear of college areas renters. But as the rental market continues to heat up and demand for properties...
The Federal Reserve’s decision to postpone – indefinitely – the planned taper-down of its massive mortgage securities buyup is good news for the hard-hit housing industry the stimulus plan was designed to help. But even as mortgage interest rates will likely remain...
Keeping properties rented is the key to building wealth in income property. High turnover in tenants costs money in several ways, from loss of income due to vacancy to the expenditures of preparing a home for rent and advertising for new tenants. In a previous post we...
Building wealth with rental property depends on good tenants – stable, long term renters who keep the monthly payments coming and don’t trash the property or create other problems for you and the neighborhood. While it’s easy to just put an ad online or in the paper,...
