The real estate industry has traditionally been resistant to change. As such it’s perhaps unsurprising that there are many landlords who still collect rent via cash. However, collecting rent by cash is an insecure and inefficient method of rent collection. It makes the lives of both landlords and tenants harder and it’s been found that it actually increases the chances of a late pr even missed rent payments.
Add to this how the market has had to change over the last year in response to the pandemic, reducing face to face interactions and companies steadily adopting more digital solutions.
Owning a rental property allows you to build equity in an appreciating asset whilst creating another stream of income. It’s unsurprising then that there is an increasing number of rental properties on the market. And with technology increasingly empowering individuals it is inevitable to have a growing proportion of the market owned by small DIY landlords.
Before we even get started we thought we should just say — this article should not be used as a substitute for competent legal, financial and/or other advice from a licensed professional.
That out of the way, let’s get started.
We’ve done a lot of reading and there are many different opinions on the topic. The problem stems from the fact no one can know the future.
The questions then are as follows: should you be investing in a property right now? Or should you be marshaling your resources to jump in at the next downturn?
The first thing we…
With the value of the housing market totaling a massive $33.3 trillion, there’s an enormous opportunity and entrepreneurs are taking notice. New technologies, whether that’s property management software like Landlord Studio, or augmented and virtual realities, are all aiming to solve particular pain points of the experience that is buying, selling, or managing property.
For example, thanks to immersive tech, potential buyers can, just by putting on a VR headset or by watching an AR representation on smartphones experience a property from the comfort of their sofa. …
When it comes to evaluating a real estate opportunity you want to get into the nitty gritty and really understand the numbers at play.
Here are a few of the key figures you need to be familiar with and a detailed example at the bottom.
The first thing you want to determine is whether or not this is really a good deal. You want to be buying the property for at or under market rates so that you are assured to make money with the purchase (surprise maintenance costs non-withstanding).
You can use websites like https://www.zillow.com/home-values/ which will give you…
I recently wrote an article outlining the new rent control regulations in New York — and I think a lot of the points I made then apply here. The actual bills and details are different but the overall effects of rent control are the same, because at the end of the day this has nothing to do with landlords or improving lives.
First, let’s all accept there’s a housing crisis in California — the epicentre of which is LA.
You can print houses.
People are 3D printing houses, full size villas, micro homes and even apartment buildings.
Whilst the construction industry has remained fundamentally unchanged over time. The introduction of 3D printing technology into the construction industry could have some seismic effects on construction costs and productivity.
What might this mean for the future of construction? How could this affect affordable housing? But most of all, what are the projects and who are the people leading the charge?
Whether you have one or a dozen, managing your properties can become pretty grueling at times. A seemingly endless stream of tasks set themselves up with vicious minds of their own.
There are rent payments to log, maintenance repairs to organize, documents to create and sign, tenants to find, property inspections, and then the end of the tax year comes around and you’ve got a big accounting job to get done.
All of these are just the basics, assuming that nothing goes wrong throughout the year.
It all adds up and can become pretty labor intensive and time-consuming and you…
We have integrated technology into almost every part of our day to day lives. A smart phone in every hand; a laptop on every desk. There are bigger changes though, that often go unseen. Life saving medical devices are being created; new more efficient batteries, and more intelligent software!
Okay, so those second two didn’t sound all that important or exciting — but what if i throw the word ‘Tesla’ at you? A company entirely made possible by advanced battery technology. And what about AI? Software that has the ability to learn, grow and become more complex over time. …
Cryptocurrencies aren’t going anywhere and the world is slowly adapting to that fact. After Bitcoin made headlines in 2016, ’17 & ’18 it has become apparent that not only are cryptos becoming more popular as investment opportunities, they are being traded by a number of people for real assets.
When it comes to property for example, there are whole real estate agencies dedicated to selling properties using crypto. …