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3 Reasons Why NOW Is The Time to Invest In Turnkey Rentals
There’s no doubt about it — interest rates are up, demand is down, and we’re starting to see prices dip as the market finally starts to cool down. Is the party over? Has the time come to hunker down and sit on your cash? Far from it. Experienced...
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Should You Be a Section 8 Landlord? Here are the Pros and the Cons
Section 8 housing has more than a whiff of bad reputation. It calls to mind decrepit slums and unreliable tenants. Why even consider it? Because thousands of landlords swear by the benefits of offering their prized assets as Section 8 housing … and they have a point. As a...
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Investors Avoiding Michigan are Missing Out Right Now — Big Time
Humans are slow to change. Once we make up our minds about something, we tend to dig in — even when evidence starts flying in the face of the narrative we have adopted. Investors Avoiding Michigan is a good example of that. Case-in-point — Michigan. Investors stuck on a...
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The 7 Best Detroit Neighborhoods to Invest In Right Now
Pummeled by the 2008 recession, Detroit entered a period of severe decline. Crime, job-loss, population flight… You couldn’t give Detroit houses away. Many went so far as to predict that it would never recover, as if this heritage city would somehow sink into the Great Lakes, never to be seen...
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House-Hacking vs. Turnkey Rentals — Which is Better?
When it comes to beginner-friendly real estate investing strategies, you have a few popular choices. There’s house-hacking, BRRRR, and our bread-and-butter — turnkey rentals. In this article I will compare these two strategies to determine once and for all which is better House-Hacking vs. Turnkey Rentals? We have written...
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HAPPY LABOR DAY — How to Trade Labor for Financial Freedom
In addition to BBQs and the last hurrah for boat people, Labor Day is a time to reflect on our personal labor and how we value it. Labor Day was established in the 19th Century to commemorate labor movements and honor the American working class. While we agree that...
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BIG NEWS — We’ve Updated Our Cash Flow Summaries to Include Equity Buildup (And More!)
“So how much money am I going to make?” Everyone has that question when they consider a real estate investment — and there’s nothing wrong with that. MartelTurnkey works hard to give you as good an answer as possible to that question before you buy one of our turnkey...
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How Much Should I Set Aside from my Rental Income for Cash Reserves?
One of the challenges of rental property investing is that the expenses aren’t consistent or predictable. Seasoned real estate investors know to set aside some cash reserves for their rental portfolio and in this article I will help calculate how much reserve you need. You might be sitting pretty...
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Are Condos a Good Real Estate Investment or Are Single-Family Houses Better?
It’s easy to see the appeal of buying a condo as a real estate investment rental property. First and foremost, they tend to be cheaper. You can usually get a condo for less out-of-pocket than a single-family house in the same neighborhood. Condos can be a good investment. At...
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Tenant Screening 101
MartelTurnkey clients don’t have to worry about screening tenants, at least not directly. We find the property, renovate it, place a tenant in, and put the rental under property management. Most of our clients never even see their investment property, let alone meet the tenant. Our job is to provide...
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Everything You Need to Know About Getting a Mortgage for an Investment Property
We have talked about how powerful it can be to invest in real estate with a mortgage loan for leverage. (Missed the article? Read it here.) That’s all well and good, but how do you get a mortgage loan on an investment property like a turnkey rental house? Is...
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BIG NEWS — Cleveland Clinic to Expand, Adding 10,000 Jobs
In May of this year, Cleveland Clinic announced a $1.3 billion expansion and renovation of its facilities in Cleveland, Florida, and London. This includes the construction of a one-million-square-foot Neurological Institute and an expansion of the Cole Eye Institute. Supported by charitable donations, these additions are expected to add...
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