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In real estate, a three-day notice is one of the first legal steps you can take when a tenant hasn’t paid rent. It can serve as a warning. And in some cases, it can move the process toward eviction. But what can void a three-day notice?
In simple terms, a three-day notice can become invalid if it’s not prepared, delivered, or handled correctly. Interestingly, even smal...
When you start looking at rental properties, you’ll quickly run into new terms. One of them is PGI. So, what is PGI in real estate?
PGI is a short form for Potential Gross Income. It’s the total amount of rent a property could bring in if every unit is rented and every tenant pays in full. Think of it as a best-case scenario. That is, no vacancies, no late payme...
Pet-friendly apartments are easier to find today than they were a few years ago. That part feels like progress. But once you spot the listing and start reading the fine print, you’ll notice that pet rent is part of your responsibility. So, what is pet rent and how does it work?
Pet rent is a monthly fee la...
You can’t evaluate a rental property based on today’s rent alone. That only tells you where things stand right now. Sometimes you need to look at what the property could earn in the future. One of those ways is through a pro forma rent. But what is pro forma rent, and what does it look like?
Pro forma rent is the projected rental income a property is expected to genera...
If you own rental property, you likely know that depreciation reduces taxable income. But what is accelerated depreciation in real estate?
It is a tax method that lets you deduct certain rental property costs earlier instead of waiting many years to recover them. This is different from the standard depreciation timeline of 27.5 years. So, how does it work? Keep reading...