Best Areas to Invest in Columbia

Best Areas to Invest in Columbia

Done right, real estate investing can be lucrative. You may be able to earn passive income, diversify your investment portfolio and building long-term financial security. At the moment, Columbia real estate is highly sought-after by investors for various reasons. The population is growing, the job market is increasing, the cost of living is low and there is a high renter population, among other things. So, if you are able to choose the right neighborhood, you’ll be able to meet the local demand and guarantee yourself a solid monthly income. …

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Squatters Rights in Missouri: A Guide

Squatters Rights in Missouri: A Guide

Squatters do, in fact, have rights. A successful Adverse Possession claim can give a squatter legal ownership of your land. The squatter won’t have to compensate you in any way in an adverse possession scenario, either. You’ll simply lose your real estate. Squatters usually occupy abandoned, vacant or foreclosed properties. Besides lacking the owner’s consent to reside on the land, they are also under no obligation to pay rent prior to making a claim of adverse possession. Removing a squatter, especially with adverse possession in the mix, is…

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A Guide to the Eviction Process in Missouri

A Guide to the Eviction Process in Missouri

A Missouri landlord can evict a tenant for a few legal reasons. These include going against the rental agreement/lease, nonpayment of rent, and excessive property damage. When they’ve made the decision to evict their tenant, a landlord should follow the correct eviction lawsuit procedure so that you don’t make any costly mistakes in the Missouri eviction process. In Missouri, similar to other states, only a court can facilitate the removal of a tenant from a rental unit as per the Missouri Landlord Tenant Law. This is why a landlord must follo…

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Guide to the Fair Housing Act in Missouri

Guide to the Fair Housing Act in Missouri

Treating people fairly is key to the long-term success of your real estate investment. Landlord-tenant laws ensure this. Enacted in 1968, the Fair Housing Act (FHA) makes it illegal to discriminate against a person based on a protected characteristic. In the state of Missouri, the Fair Housing Act prohibits discrimination against 7 characteristics: race, color, religion, national origin, disability, familial status, sexual orientation, and sex. Failure to adhere to the Act can usually attract a host of penalties. To help you get started, here…

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How to Increase Your Income Without Raising Rent

How to Increase Your Income Without Raising Rent

Owning a rental property can generate a sizeable income over the years. You may increase your rent periodically to pay for improvements and rising maintenance costs. Some years, however, when the market is in a downturn, you still might want to increase your income without resorting to rental increases. Long-term tenants are more important than the short-term gains from a rent increase. So is earning more possible without touching the rental amount? It is! Here are tips that you can try to maximize your earning potential. Use solar panels to r…

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