Buildium

MAY 15, 2025

Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing. Debt Service Coverage Ratio (DSCR) loans focus on the rental income potential, not your personal income. Step 6: Managing Your Properties Managing your own rentals doesnt have to be overwhelming.

Property Management

Buildium

MAY 15, 2025

Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing. Debt Service Coverage Ratio (DSCR) loans focus on the rental income potential, not your personal income. Step 6: Managing Your Properties Managing your own rentals doesnt have to be overwhelming.

Property Management

MRI Software

SEPTEMBER 3, 2024

Understanding lease renewal fees is essential for maximizing your rental income and ensuring tenant satisfaction. With the rental market becoming increasingly competitive, clear lease agreements and efficient renewals are more important than ever. A stable tenant base means fewer vacancy risks and consistent rental income.

Lease

MRI Software

FEBRUARY 3, 2024

Loss of rental income due to fire damage If a fire makes your property uninhabitable, loss of rental income coverage can compensate you for the income lost during repairs. This ensures a steady income flow, helping you manage your finances and obligations without rental income.

Insurance

MRI Software

DECEMBER 3, 2024

A good rule of thumb: try to ensure you can cover at least 75% of the mortgage with your personal income, leaving tenant rent as a cushion for unexpected expenses. Lenders might tell you that your rental income will easily cover your mortgage, but be cautious. What happens during vacancy periods or when repair costs spike?

Insurance