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Investing in Rental Property

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Part of the video series: Real Estate Investment Tips

About Managing Rental Property
Rewards in real estate can come from ownership, management and sales. Managing rental property is a lucrat… More
How to Manage Rental Property
To manage a rental property, have a clear rental or lease agreement signed by all tenants, maintain the pr… More
About Rental Property
Rental property refers to land, office space or housing that is provided to others for a set monthly fee. … More
How to Make the Most of a Rental Property
During your lifetime, there's a good chance that you'll have to rent the property you live in at some poin… More
Investing in Rental Property
Investing in rental property is a great way to earn extra money. Invest in a rental property using the rea… More
How to Advertise Rental Property
When advertising rental property, first put a rental sign in the front yard. Advertise rental property usi… More
Tax Benefits of Rental Property
Overlooking the tax benefits on rental property can cause a landlord who had hoped to make a profitable re… More
How to Set Up a Vacation Rental Business
If you like the idea of dabbling in real estate, but don't have the resources or patience for buying and s… More
How to Draft a Lease for Your Rental Property
When drafting a lease for a rental property, first speak with an attorney to determine legal rights, find … More
About Commercial Rental Property
Commercial rental property is a very wise investment for aspiring business owners or for people who are lo… More
How to Find Tenants for Rental Property
Finding tenants for rental property requires getting the tenants to find you. Learn how to find tenants fo… More
How to Pay Taxes on Your Rental Home
Paying taxes on a rental property requires filing a 1040 form and preparing a Schedule E to list the prope… More
How to Turn Your Home Into Rental Property
Turning a home into a rental property usually requires bringing the house up to code, increasing the insur… More

Summary: Investing in rental property is a great way to earn extra money. Invest in a rental property using the real estate tips in this free video.

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By Richard Blake
eHow Presenter

Richard Blake is a licensed real estate agent that has closed more than 20 times the number of transactions per year than that of the average realtor in Pinellas county, Florida for...read more

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"Investing in a rental property can be a great way to make some extra money. I'm Richard Blake in Clearwater, Florida, and I'm here explain how to invest in rental property. First thing you want to do is contact your local real estate agent and ask them what rentals are going for in the areas that you're most interested in. At this point in time, you're going to want to be handy with the calculator. If you're not, get someone who is. Take the average monthly rental rates and then work your way backwards. So for example, if you're getting fifteen hundred dollars, or if you can expect fifteen hundred dollars a month on a rental property, you're going to then want to make sure that your monthly mortgage as well as your taxes and insurance are not going to exceed that fifteen hundred dollars. OK. So you can contact your local real estate agent to find out what the values are, what people are getting, and what you can expect to get on a monthly rental, as well as what the property values are in that neighborhood, so you don't overpay for the property to make sure that your mortgage payments are within the criteria needed in order for the rental property to make sense. OK. I'm Richard Blake. These are the first few steps on how to purchase an investment property and how to make it make sense. Have a great day."

eHow Article: Investing in Rental Property