HOW TO ACQUIRE AND ESTABLISH A RENTAL PROPERTY

HOW TO ACQUIRE AND ESTABLISH A RENTAL PROPERTY

Purchasing a second home to rent out can be a great passive investment idea: You buy a house, your renters pay off your second mortgage and you’ll have supplemental income from your tenants’ rent payments. An investment property is real estate that you buy with the intention of earning investment returns through rental income, flipping the home and/or through resale in the future.

Data released by the U.S. Census Bureau in 2017 shows that 47 percent of rentals were owned by individual investors, and rental properties can generate 31 percent of the average landlord’s annual income.

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Article Written By Bankrate Staff

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NCLA CHALLENGES UNLAWFUL CDC ORDER THAT LEAVES LANDLORDS POWERLESS TO EVICT DELINQUENT TENANTS

NCLA CHALLENGES UNLAWFUL CDC ORDER THAT LEAVES LANDLORDS POWERLESS TO EVICT DELINQUENT TENANTS

Washington, DC (September 8, 2020) – Today the New Civil Liberties Alliance, a nonpartisan, nonprofit civil rights group, filed a complaint and request for a temporary restraining order or preliminary injunction in the U.S. District Court for the Northern District of Georgia challenging the authority of the Centers for Disease Control and Prevention (CDC) to impose a nationwide “eviction moratorium.” In an unprecedented overreach, CDC issued a “Temporary Halt in Residential Evictions to Prevent Further Spread of COVID-19” order, effective September 4, 2020, “to temporarily halt residential evictions to prevent the further spread of COVID-19.”

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LEANING RESOURCES FOR THOSE LOOKING TO SELL THEIR HOME DURING THE PANDEMIC

LEANING RESOURCES FOR THOSE LOOKING TO SELL THEIR HOME DURING THE PANDEMIC

Are you selling your home amid this global pandemic? First of all, good for you! While it may come with its challenges, you shouldn’t postpone your hopes of selling. After all, no one really knows how long the effects of the pandemic will last.

By sticking with your plan and staying committed to the sale, you can keep moving forward with your life rather than allowing the pandemic to control your destiny. Of course, in order to do that, you will need to make some adjustments to your strategy and take some extra precautions—particularly when it comes to cleaning your home. And these resources are here to help you get started:

Cleaning Before a Showing

Giving your home a deep clean is critical prior to a showing:

●     Keep your cleaning supply arsenal well-stocked so you can maintain a germ-free home.

●     You should be vigilant about cleaning and disinfecting high-touch surfaces.

●     Furthermore, stock up on essential cleaning supplies like distilled white vinegar, surface scrubs, and Magic Erasers.

Cleaning After a Showing

Cleaning your home after each showing is just as important as cleaning it before.

●     When cleaning after a showing, be sure to wear quality rubber gloves, and dispose of them once you’re done cleaning.

●     Make sure your home is well ventilated as you clean; opening windows and turning on ceiling fans to air out the space.

●     If you want to save time and energy while adding a layer of protection for your household, consider hiring a cleaning service.

Other Precautions to Consider

Along with cleaning, consider additional precautions that you can take to achieve a safe and effective showing.

●     To reduce risks of exposure, consider utilizing virtual tours and drive-thru closings to sell your home. 

●     If you must show your home in person, provide visitors with hand sanitizer and disinfectant wipes or spray.

●     Ask visitors to remove their shoes or wear booties upon entering the home.

●     Finally, turn and leave on lights before and during each showing so visitors don’t have to touch any light switches.

It might be challenging, but you can sell your home right now. Just be sure to make the necessary adjustments to your strategy and keep your home clean and sanitary throughout the process. And remember that getting a sale that you’re happy with will be worth all the time and effort you put in!

Written by Jackie Waters

STATES WHERE YOU ARE MOST LIKELY TO GET YOUR IDENTITY STOLEN

STATES WHERE YOU ARE MOST LIKELY TO GET YOUR IDENTITY STOLEN

In 2019, the FTC received 650,572 identity theft reports—about 198 per 100,000 residents. These numbers represent an astonishing 46 percent increase since 2018 and nearly a 100 percent increase over the past five years. Coinciding with the rise in identity theft reports is an increase in data breaches—incidents in which an individual’s name and private or confidential information is exposed.

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HUD TO AWARD $40M IN GRANTS COMBATING HOUSING DISCRIMINATION

HUD TO AWARD $40M IN GRANTS COMBATING HOUSING DISCRIMINATION

The U.S. Department of Housing and Urban Development announced Wednesday that it will award $40 million to help nonprofit organizations address fair housing violations across the U.S. and combat housing discrimination. The National Association of REALTORS® was quick to commend HUD’s action.

“HUD is committed to supporting efforts to rid discrimination from our society,” HUD Secretary Ben Carson said in a statement. “The grants we are awarding will enable our fair housing partner organizations to combat unlawful policies and behavior and foster practices that ensure everyone has access to safe, affordable housing, free from discrimination.”

More than $1 million is being awarded to locations that are designated as underserved by the qualified opportunity zone program. That program aims to stimulate long-term investments in low-income communities through tax breaks.

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Written by Realtor Magazine