Housing inventory bottomed out in January 2022.  While inventory is up 35% since January, homes for sale is still below normal and favors sellers.  Inventory is expected to continue to increase through the next 12 [...]

The United States' current inflation rate now stands at 9.1%.  One of the Fed's answers to curb inflation is to raise interest rates.  While mortgage rates aren't directly tied to Federal interest rates, the Fed has an impact on mortgage rates, along with other important factors.  The Fed is trying to slow an inflation rate not seen since [...]

1. Renew leases

Unless you purposefully rent month to month, it’s wise to re-up your tenants to a year-long lease agreement. In Maine, an annual lease will revert to a month-to-month lease if you don’t renew the lease each year (you should also have this verbiage in your lease [...]

Understanding Real Estate Investment Depreciation