Property inspections are essential to figure out what’s wrong with a property before you buy it. But they’re also a critical negotiating tool. Don’t skip them or neglect their importance. They can often be worth thousands or even tens of thousands of dollars. Keep reading the article here: https://www.biggerpockets.com/blog/dealing-with-resolutions-of-unacceptable-conditions Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerP...
Oct 06, 2024•18 min•Ep. 1456
It might be autumn, but housing could be getting hotter and hotter now that mortgage rates are starting to decline. What should you expect in the coming months? Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 05, 2024•14 min•Ep. 1455
Hurricane Helene just ravaged Western North Carolina and some coastal communities in Florida. It's an example of why property insurance providers are raising prices or pulling out of states entirely. However, where else are rates subject to change, and how should we expect property insurance to change going into next year? Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://w...
Oct 04, 2024•16 min•Ep. 1454
Property management is one of the major keys to success in real estate investing, but oftentimes, it requires an investor to outsource the work to a professional property manager. In today's show, we go over when and how you should let go of a PM who's just not cutting it. Keep reading the article here: https://www.biggerpockets.com/blog/how-to-deal-with-a-bad-property-management-company Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member o...
Oct 03, 2024•14 min•Ep. 1453
The Fed cut rates, but did anything actually change? Well, surprisingly, mortgage rates actually went up along with bond yields. In this show, we go over what's actually changed and what to expect in the future. Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 02, 2024•16 min•Ep. 1452
California's AB 1033 was passed late last year, but San Jose was the first city to fully adopt the measure in July. It's a game changer in the California housing market and has opened up a major investing window for investors and homeowners alike over the next few years. That's what we'll discuss today. Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com...
Oct 01, 2024•14 min•Ep. 1451
Investors get a lot of flak sometimes, and there are a few reasons cited for why. Are they based in reality? Or is it a frustrated overreaction? In this episode, we discuss the key complaints people have about investors and why those might be outright wrong or if there's a point to it. Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about ...
Sep 30, 2024•18 min•Ep. 1450
The affordable housing crisis in the U.S. is getting worse, according to a new report from the Joint Center for Housing Studies of Harvard University. While many factors are to blame for the increase in cost-burdened homeowners and renters, experts agree that constrained supply is keeping housing costs elevated. Many point to the strict zoning ordinances in most cities as the primary barrier to new housing construction. The YIMBY (“Yes In My Backyard”) movement, which has support from both sides...
Sep 29, 2024•18 min•Ep. 1449
If there were any question about the current popularity of “unique” short-term rentals, the fact that Airbnb has links to listings of “tree houses,” “tiny homes,” and “omg!” right in its top nav should answer it. One-of-a-kind, unusual rentals are having a moment—but they come with their own set of considerations. Here’s what to keep in mind before converting your backyard ADU into a pirate ship. Keep reading the article here: https://www.biggerpockets.com/blog/using-treehouses-houseboats-and-ti...
Sep 28, 2024•7 min•Ep. 1448
Home prices have been pretty stable over the last year, but as the housing market begins to shift again, things could start to change. We pulled data from various sources and zeroed in on the metrics most capable of predicting home prices. In this episode, we'll give you the results, as well as extra information and tips for your own research. Keep reading the article here: https://www.biggerpockets.com/blog/cities-with-income-growth-show-where-prices-are-expected-to-rise Subscribe to the Bigger...
Sep 27, 2024•13 min•Ep. 1444
Baselane's 2024 Investor Survey paints a clear picture: investors expect to have a better 2025 than 2024, and especially better than 2023. In this episode, we'll go over the highlights of the survey and get a sense of what's really happening in the housing market through the lens of investors. Keep reading the article here: https://www.biggerpockets.com/blog/baselane-real-estate-investor-survey-2024 Subscribe to the BiggerPockets Channel for the best real estate investing education online! Becom...
Sep 26, 2024•15 min•Ep. 1443
Home insurance rates are skyrocketing across the U.S., with some areas increasing over 20% since last year. According to data from the National Real Estate Insurance Group, these states and cities are the worst places to invest in, based on claims. Keep reading the article here: https://www.biggerpockets.com/blog/the-best-and-worst-places-to-invest-based-on-home-insurance-costs Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the Bigg...
Sep 25, 2024•18 min•Ep. 1442
The Homes Act of 2024, proposed in Congress, sets out to create permanent affordable housing for low and very low-income households. In today's show, we talk about the bill, the issue it's trying to solve, and the cost it would have if passed. Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoic...
Sep 24, 2024•14 min
In this episode we're diving into into the recent interest rate cut by the Federal Reserve (FED) and its significant implications for the real estate market. We'll analyzes the Fed's previous approach to inflation and discuss how the current economic climate is influencing housing trends. Will the housing market recover?, What are the effects of declining mortgage rates? Tune in to stay informed on how FED decisions impact your real estate investments! Keep reading the article here: https://www....
Sep 23, 2024•15 min•Ep. 1440
According to real estate data company ATTOM‘s second-quarter 2024 U.S. Home Equity & Underwater Report, American homeowners are sitting on a pile of home equity. 49.2% of mortgaged residential properties in the U.S. were considered equity-rich in the second quarter of 2024 after years of sitting on the refinancing sidelines amid high interest rates. ATTOM’s definition of equity-rich means the combined estimated amount of loan balances secured by the property was no more than half of their estima...
Sep 22, 2024•15 min•Ep. 1439
Downsizing after a divorce was painful but financially smart. I decided to house hack, opening my Victorian Brooklyn brownstone to Airbnb guests and hoping to bring life to my cash-starved bank account and a spark to my stately home. Well, I got more sparks than I bargained for. Keep reading the article here: https://www.biggerpockets.com/blog/my-tenants-were-airbnbing-my-apartment-without-me-knowing Subscribe to the BiggerPockets Channel for the best real estate investing education online! Beco...
Sep 21, 2024•12 min•Ep. 1438
The federal funds rate was just cut by 0.50%. Now, some, including Fed Chair Jerome Powell himself, have suggested that by the end of this cut cycle, rates could fall to as low as 3% by 2026. If that happens, it could set the stage for a national construction boom. Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about your ad choices. Visi...
Sep 20, 2024•18 min
40-year mortgages could be the next big offering for real estate investors to take advantage of, but is that a good thing? In this episode, we cover what 40-year mortgages could look like in practice, the pros and cons, and if the numbers make sense for an investor. Keep reading the article here: https://www.biggerpockets.com/blog/40-year-mortgages-wont-be-as-bad-for-homeowners-as-i-originally-thought Subscribe to the BiggerPockets Channel for the best real estate investing education online! Bec...
Sep 19, 2024•17 min•Ep. 1436
Rental costs have gone up, up, and up. Everywhere we look, we see headlines about the exorbitant cost of renting, whether an apartment or an STR. Small real estate investors must strike a balance. They’re torn between raising rental amounts to account for inflation, high property prices, taxes, and rental demand, plus the tension of sustainability. After all, higher rental prices without a rentership experience that justifies it might drive good residents to look elsewhere. Keep reading the arti...
Sep 18, 2024•12 min•Ep. 1435
Running a rental business is about more than just collecting rent; it’s managing your properties carefully and professionally. Many investors, especially new ones, often cut corners to save time or money. However, making informed decisions when setting up your business can help everything run smoothly and avoid expensive problems down the line. Here, I’ll discuss how to structure your rental business, manage finances, comply with legal requirements, and handle property management effectively. I’...
Sep 17, 2024•14 min•Ep. 1434
The streets of San Francisco may be known for Dirty Harry, movie car chases, and the birth of the hippie movement, but they will no longer be associated with rental price-setting software. That’s because the Golden Gate City is in line to be the first in the U.S. to ban the tech tools allegedly associated with landlord price fixing. The San Francisco Board of Supervisors unanimously approved an ordinance introduced by its supervisor and mayoral hopeful Aaron Peskin that bans landlords from using...
Sep 16, 2024•12 min•Ep. 1433
You’ve found what appears to be a great property, and you just received the inspection report. It listed many defects, most of which are typical, and the cost to correct them is well-defined. However, a few items are disconcerting because the report listed symptoms rather than specific defects, such as mold, Kitec plumbing, China drywall, aluminum wiring, roof leaks, settlement, etc. These ill-defined problems are red flags because remediating them is not “fixed.” For example, suppose mold was d...
Sep 15, 2024•10 min•Ep. 1432
Trying to predict the next hot real estate market is like catching an eel with grease on your hands: The moment you think you’ve got a handle on the next hot spot, everyone else has the same idea. Inventory shrinks while prices shoot up, and what once looked good suddenly cools. However, if you’re prepared to be specific in your search, you can pinpoint the next great investment opportunity for different market segments. Keep reading the article here: https://www.biggerpockets.com/blog/the-next-...
Sep 14, 2024•21 min•Ep. 1431
For first-time and aspiring house hackers, avoiding mistakes early in your investing career is crucial in speeding up your momentum when building your foundation. Right now, competition is high, and investors are finding themselves in markets where great deals are becoming rare. It could not be a more important time to sharpen your skills, round out your education on your strategy, and learn from those who have made mistakes so you avoid starting your investment journey on the wrong foot. Keep r...
Sep 13, 2024•18 min•Ep. 1430
With the housing crisis being one of the major issues Americans face today, politicians have recently offered various ideas on how to combat it, from President Biden’s rent hike cap to the latest bill from Massachusetts Senator Elizabeth Warren, who has proposed investing $500 billion in an attempt to make housing more affordable over the next decade. Keep reading the article here: https://www.biggerpockets.com/blog/senator-warrens-new-bill-targets-private-equity-and-looks-to-incentivize-afforda...
Sep 12, 2024•13 min•Ep. 1429
If you’re looking to diversify your investment portfolio in 2024, investing in ATMs should definitely be on your radar. We all know that economic conditions for real estate investors have gotten tougher in the last few years. Tighter margins, smaller ROIs, and fewer investment opportunities are a reality. Not so in the ATM industry. ATMs are a remarkably resilient, though still often overlooked, source of long-term, steady cash flow, with minimal active involvement, minimal risk, and a ton of op...
Sep 11, 2024•18 min•Ep. 1428
When you’re competing for ranking on VRBO or Airbnb, playing by the rules of the algorithm is everything. Take too long to get back to a tenant question, and watch your placement slide. But how important is it to update your short-term rental’s headline? The truth is, the best intel we have is not directly from the listing sites. Just like with Google ranking, these sites don’t want you to “game” the algorithm by telling you exactly how it works. Keep reading the article here: https://www.bigger...
Sep 10, 2024•8 min•Ep. 1427
The New York real estate industry is fuming. New legislation might force landlords to pay the hefty broker’s fees that tenants have traditionally paid to real estate companies. Should the law pass, many landlords might skip brokerages to preserve their cash flow. They won’t get much sympathy from tenants, though. With soaring New York rental prices and the city caught in an affordability crisis, renters are struggling to pay the sky-high fees brokers charge—usually 10% to 15% of the annual rent,...
Sep 09, 2024•16 min•Ep. 1426
On June 11, the city of San Jose became the first municipality to update its zoning code in accordance withCalifornia Assembly Bill 1033, which went into effect at the beginning of the year. The law allows for local ordinances that permit homeowners to sell accessory dwelling units (ADUs) as condominiums, but cities must opt in. "Keep reading the article here: https://www.biggerpockets.com/blog/is-californias-adu-law-the-beginning-of-a-new-era-in-housing Become a member of the BiggerPockets comm...
Sep 08, 2024•16 min•Ep. 1425
It’s one thing to attract a tenant to your rental property. It’s another thing entirely to retain them. Here, we provide guidance on how to retain tenants and the financial results of doing so. "Keep reading the article here: https://www.biggerpockets.com/blog/how-to-retain-tenants Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com" Learn more about your ad choices. Visit megaphone.fm/adchoices
Sep 07, 2024•12 min•Ep. 1424
