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Are You Making These Common Property Investment Mistakes in Syracuse?

Property investor in Syracuse analyzing a map marked with successful investments and common mistakes, with contrasting properties in the background.

    Are You Making These Common Property Investment Mistakes in Syracuse? The realm of real estate investment, particularly in the illustrious city of Syracuse, is one adorned with opportunity yet fraught with peril for the unwary. The art of property investment is akin to a dance with the economic forces of the market. To … Read more

Why Our Lease Doesn’t Cover Pest Control: An Insight into Our Approach

As a landlord, one of the most challenging issues to address is pest control. While many landlords offer pest control as part of their lease agreements, we have chosen not to. In this post, we aim to explain why our lease does not cover pest removal, and what our approach is to this issue. At … Read more

Renting to Section 8 Tenants: An Investigation into the Pros and Cons of Guaranteed Rental Income

Renting to Section 8 tenants can provide landlords with several benefits, including guaranteed rental income, long-term tenants, and government assistance with tenant screening. However, there are also potential downsides to consider, including the stigma surrounding the program and potential property damage. One of the biggest advantages of renting to Section 8 tenants is the guaranteed … Read more

The History of Residential Evictions: How They’ve Changed and What Property Managers Can Do to Help

As society has evolved over the past century, so have the laws regarding residential evictions. The first modern eviction laws were established in the early 1900s, as lawmakers recognized that property owners deserved the right to take legal action when tenants failed to pay rent. However, these early laws were heavily biased towards property owners, … Read more

Property Management Services in Syracuse, NY and Surrounding Areas

Are you a property owner in Syracuse or the surrounding areas? Managing your own properties can be time-consuming and overwhelming, especially if you have multiple units or properties spread out over different locations. That’s where Renpro Property Management comes in. Our experienced team provides a wide range of property management services to help you get … Read more

Depreciation for Real Estate Investors: How to Reduce Your Taxes and Increase Your Profits

Introduction: As a real estate investor, one of the most significant benefits you can take advantage of is depreciation. Depreciation is a tax deduction that allows you to deduct the cost of your investment property over time. By claiming depreciation on your residential real estate investment properties, you can significantly reduce your tax burden and … Read more

Maximizing Your Real Estate Investment Returns: How Depreciation and Losses Can Reduce Your Income Tax to $0

Real estate investing can provide a range of benefits beyond just rental income and appreciation. One of the most significant benefits is the ability to reduce your income tax liability through depreciation and losses. In fact, it’s possible to reduce your income tax to $0 while still making a profit and increasing your overall income. … Read more

Beyond Rental Income: The Commonly Missed ‘Revenue’ in Real Estate Investing

Real estate investing can be a lucrative way to build wealth, but it’s important to consider all of the potential revenue streams beyond just rental income. While rental income is a significant source of revenue, there are other commonly missed sources of income that can add value to your real estate portfolio. In this post, … Read more

The Danger of Following Investing Advice from BiggerPockets

BiggerPockets is a popular online community for real estate investors, with a large database of resources and advice for those interested in real estate investing. While BiggerPockets can be a great resource, following investing advice from the platform can be dangerous for those new to the industry. In this post, we’ll discuss the risks of … Read more

Cash for Keys: Why it May be a Better Alternative to Eviction

A set of keys lying on a countertop.

As a landlord, dealing with a problem tenant can be stressful and time-consuming. Evicting a tenant is a difficult and expensive process that can take months, leaving the property owner with lost income and legal fees. An alternative to eviction is the use of a “cash for keys” deal, in which the landlord offers the … Read more