There are strong pros and cons to buying multifamily property as a first-time investor. By understanding them, you can make a more informed decision. In this article we discuss both the pros and the cons.

Multifamily can mean duplex, triplex, quadplex or a complete apartment block. Any property with more than five units is considered commercial rather than residential, so loans may be more difficult to obtain, and finding and managing a large number of tenants requires experience, skills, and abilities many first-time investors do not have. Let us begin with the investor, then move on to the property.

There are good tenants--and then there are bad tenants. Even with background checks and credit checks, applications and interviews, sometimes these tenants slip through the cracks. Here are a few of the worst types of problem tenants and some tips on how you can spot them before it's too late.

Technology is changing the way virtually every business works in the 21st century and real estate is no exception. Today, technology is assisting people working in real estate more than ever before. Technology has simplified many jobs and helps people keep up with the breakneck market place in the real estate world today.

Almost everyone says the three most important words in real estate are Location, Location, Location. They are not. As an investor looking to buy a rental property and to make money on it from Day 1, the three most important words are: Location, Condition, Price. Let us briefly discuss each one so you will know why you should take that maxim with a grain of salt.

A key problem to examine before investing in rental property in California is the applicability of rent controls. California voters nixed Proposition 10 during the November 2018 elections which would have repealed the 1995 Costa-Hawkins Rental Housing Act, a law that limits municipalities ability to issue rent controls.

Many people invest in real estate to generate profits by way of renting out the properties they own. It's an excellent source of income and there are untold numbers of landlords who have created immense wealth. The truth is, however, that it's no easy task to be a landlord. In fact, it can be downright exhausting to manage one property, let alone several. There are ways, however, that a landlord can turn their rentals into a hands-off business, so they can rest, relax and enjoy the life they dream about.

Handling security deposits is an important part of your job as a landlord--but how should you deal with them? What are they for, really? There are several key things to keep in mind when you're dealing with security deposits.

Being a landlord is a complicated job and the responsibilities seem endless. But being a great landlord is key to your success as an entrepreneur and investor. So what does it take to be a successful landlord? While every person and situation is different, there are a few things all successful landlords have in common.

Your tenant screening process is one of the biggest steps in protecting your property and your investment. You want to end up with great tenants who will stay with you long-term, pay their rent on time, and take great care of the property. Do you need to improve your tenant screening process, especially after a bad renter? Try some of these strategies.

California is known as a state with heavy regulation. However, it is not one of the states which has a limit on rent increases. Rent control is limited to units constructed prior to 1995 and can only apply to a current tenant.