1. An opportunity to buy a second home directly from the owner has appeared. What are the pros and cons of rental property?

    Reader Question: My husband and I have the chance to purchase a second home. We value our home at approximately $265,000. We owe about $130,000 on the mortgage. Our monthly mortgage payment for our house is $1,100. That plus all of our other monthly bills comes to approximately $2,300 to $2,800 per month. We want […]

    October 29, 2016
  2. How does one evaluate income property?

      Reader Question: We want to make our first real estate investment purchase. We have decided on investing in older 2-4 family apartments. It appears there are different ways to decide what a property is worth. How do you evaluate an old three family? Julie and Rob P. Monty’s Answer: There are many theories regarding […]

    August 15, 2015
  3. What are the biggest mistakes of new real estate investors?

    Reader Question: We just backed out of our first real estate investment deal. We took some bad advice, but luckily, discovered an undisclosed issue through a whistleblower. It made us ask ourselves, what else could we have missed? What are the biggest mistakes of new investors? Justin and Ann P. Monty’s Answer: Every year new […]

    April 20, 2015
  4. 8 good tips to renew older apartments

    Reader Question: Monty, we inherited two 16-unit apartment buildings from my father. They have been in the family for over 30 years. I never took an interest in real estate until now, but as a kid I did mow the lawns. They are free and clear and we intend to keep them. Dad was a […]

    July 22, 2014
  5. How do I get started managing a rental property?

    Reader Question: Monty, I am saving and looking to buy my first rental this year. What kind of infrastructure do I need to have in place to support this kind of business? Thanks, Rob P. Monty’s Answer: Building a real estate investment team is important. Owning investment real estate can be a great business. You are […]

    April 8, 2014
  6. Utility bill increase squeezes tenants

    Reader Question: I am a long time resident at an apartment complex that used to have utilities included with the rent. In 2010, they switched to charging shared utilities. The average monthly increase was about $20 -$30. Since April of 2013, the complex is now using a 3rd party billing company. The utilities added to […]

    March 4, 2014