Archive for January 2023
Rental License – Charles Town, WV
Rental license requirements in Charles Town, WV vary depending on the type of property being rented. The city’s website states that all rental properties, including single-family homes, duplexes, and apartments, must be registered with the city and pass an inspection. The cost to register a rental property in Charles Town is $50 per year, per…
Read MoreRental License – Ranson, WV
Rental licensing requirements in Ranson, West Virginia vary depending on the type of rental property and the number of units in the building. In general, all rental properties must be registered with the city and pass an inspection to ensure they meet safety and habitability standards. Costs for rental licensing in Ranson include an initial…
Read MoreRental License – Hagerstown, MD
Rental properties in Hagerstown, MD are subject to specific regulations to ensure the safety and well-being of tenants. One of the most crucial requirements for rental properties in the city is the need for a rental license, which can be obtained by submitting an application and paying a fee of $35 for each unit. The…
Read MoreInflation and Real Estate: Understanding the Impact
Inflation and Real Estate: Understanding the Impact on Landlords It’s critical for landlords to remain informed about inflation patterns and how they could impact their properties. The price growth of goods and services over time, or inflation, can affect the value of rental properties both favorably and unfavorably. This blog article will examine some of…
Read MoreAppreciation in Property Values
Today I want to chat with you about Appreciation in Real Estate. Appreciation basically means your property is worth more at a particular time vs. what you paid for it. I think this topic is quite relevant in today’s economy, because as we all know inflation is on the rise. While inflation isn’t great when…
Read More1031 Exchange
By utilizing the selling proceeds to buy a property that is similiar to the one being sold, an investor can use a 1031 exchange, sometimes referred to as a like-kind exchange, to postpone paying taxes on the sale of an investment property. The general procedure for a 1031 exchange is as follows: Decide which property you…
Read MoreReverse 1031 Exchange
A variation on the standard 1031 exchange known as a reverse 1031 exchange, also known as a reverse like-kind exchange, enables an investor to buy a replacement property before selling the original property. The usual procedure for a reverse 1031 exchange is as follows: Set up a purchase agreement with the seller for the property…
Read MoreFair Housing Overview
The Fair Housing Act is a federal law that prohibits discrimination in the sale, rental, and financing of housing based on race, color, national origin, religion, sex, familial status, and disability. It applies to most housing and housing-related transactions and is enforced by the Department of Housing and Urban Development (HUD). It is illegal to…
Read MoreTop 20 Real Estate Tax Deductions
It’s crucial to be aware of the tax breaks available to you as a real estate investor so you can minimize your tax liability. The top 20 tax deductions that you might qualify for are shown below: 1. Mortgage interest: Those who invest in real estate can write off the interest they pay on loans…
Read MoreTop 20 Reasons to Hire a Property Manager
For landlords and property owners, working with a property management company has several advantages. The following are the top 20 benefits of selecting to work with a qualified property management company: 1. Tenant selection and screening: Home management firms manage the tenant selection and screening process, making sure that only trustworthy and competent renters are…
Read More