Michael Bates, DC | Blog
Skills Needed for Real Estate Investing Success
No matter what market you find yourself investing in, there are essential skills necessary to be successful in the real estate investment game. Because of the boom or bust potential that the industry brings, having the right skills can mean all the difference in the...
How to Invest in Expensive Real Estate Markets
There is a misconception about investing in pricier real estate markets and that is either you have the money or you don’t. And while this is a very black-and-white approach to the process, it isn’t necessarily the most accurate. The key is more about being creative...
Things to Do Before Renting Out a Property
You are in the transition period between tenants, commonly known as a turnover. This can be a great time to take stock of what needs to be cleaned or repaired but it is also a time where you can perhaps spruce up the place to make it more attractive. Doing this allows...
Determining the ROI for a Rental Property
Rental properties have the potential of generating consistent revenue for rental property owners. With as volatile as investments can be at times, having something that offers consistent revenue is a home run in the investment world. But knowing what the return on...
Tips for Tenant Screenings
Every landlord out there wants one thing: quality tenants. When there are less-than-reputable tenants in your building, it can lead to a lot of issues that can cut into the long-term profitability of your building. And that defeats the purpose entirely. That is why...
Four Tips to Help You Manage Maintenance of Your Rental Properties
Whatever ups and downs may befall people’s personal finances and the economy at large, the need for property is constant. On the flip side, for landlords looking to get the most out of their properties, it is of the utmost importance to keep their properties in...
How Much of an Emergency Fund Should You Have?
Contrary to popular belief, things can and will go wrong as a property owner. There are just too many variables at play for things not to go wrong. And one of the unfortunate truths is that far too many investors go into a situation with no emergency fund. An...
Ways to Be a Good Landlord
There is far more to being a landlord than simply owning a property and collecting a paycheck. While that is certainly a nice part of it, being a good landlord requires far more. Unfortunately, there are far too many landlords that don’t care enough to do a good job....
How to Attract Long-Term Tenants
As a landlord, it goes without saying that the primary goal is to fill those rental properties that you own with tenants. If you can find quality tenants that stay long term, that’s even better. That just minimizes the things that you have to worry about when it comes...
Things Landlords Can Learn From Airbnb Hosts
Any business evolves over time. That is the simplest way to put it. But certain levels of demand come with each industry. One thing that has changed substantially over time is how vacation rental owners appeal to guests. For that property to be successful, it needs a...