Connect with us

Real Estate & Investment

Potential Real Estate Problems And How To Tackle Them


Real estate investment is a worthwhile and lucrative opportunity for many people. It’s worth investing in property as soon as you can. You can rent out an investment property and use it to gain regular income. You could also make improvements on a piece of real estate and sell it for much higher price than you bought it.

But while real estate is a relatively safe investment, investors still need to be wary. Many problems can crop up which you might not expect. It helps to know about these in advance- that way, you can be prepared for anything. Here are some issues investors may face and how to handle them.

Picture Source: Pixabay


Most people invest in property near their own home. That way, if they need to make fixes or improvements, they can handle it immediately. But what if you decide to move house? Although there are ways to look after a property in another state, you may want to be closer to handle upkeep.

Luckily, there are ways around this. Instead of trying to keep up with your investment property from afar, you may want to exchange it for one in your new location. You can look online for a 1031 exchange property in your area. A 1031 exchange allows you to exchange one investment property for another, free of tax.

Of course, you could also try to manage your investment from afar. Many people have long-distance investments in things like holiday homes. Some also like to invest in more desirable areas. You might need someone back home to take care of your property if you don’t decide to exchange it.

Bad Tenants

When you rent out your property to tenants, you can make a lot of money. But you need to be careful- bad tenants can end up wasting your time and costing you more.

Make sure you know how to deal with bad tenants. If one won’t pay you rent, communicate with them immediately and find out why. Ensure that you have suitable insurance coverage in case your property gets damaged. Also, be prepared to evict if you have particularly problematic tenants.

It helps to write certain rules and stipulations into tenancy contracts in the first place. For instance, if you agree that residents will pay a late fee for not paying rent on time, they’ll be more motivated to pay up. Charging them for damages will also ensure they take care of the property. It also helps to put potential tenants through a screening process before renting out to anyone.

Poor Maintenance

When you invest in a piece of real estate, you must be prepared to take care of it. Houses and other accommodations need a lot of maintenance. Potential renters are likely to look the other way if your property is unclean or has structural damage. A poorly-maintained property can also lose you money when you decide to sell.

Property maintenance starts before you even invest. Make sure you have a property surveyed before you put money into it. That way, you can identify any potential problems and shore them up.

It’s also important to maintain your property regularly. Sealing cracks in the wall, fixing plumbing issues, and general cleaning all play a part in this. You can also hire maintenance workers when you need help with these tasks.

Continue Reading

Popular How To Guides

branding branding
Business2 days ago

How To Decide Whether A Vauxhall Could be the Right Car Brand to Invest in

Continually recognized as one of the UK’s most beloved car brands, Vauxhall have once again come in as one of...

GAP Insurance GAP Insurance
Finance2 days ago

How to Ensure Your Car has GAP Insurance

It is not common knowledge amongst motorists, but if your car were to be written off then your comprehensive insurance...

Food / Drink3 days ago

How To Make Awesome Cocktails

The cocktail culture is ever changing with innovations every year. Mixing of different drinks creates new trends of cocktails. Brands...

Technology3 days ago

How To Save Money With Your Gadgets

With the mass amount of sales from our top retailors all year round, and even better deals around the corner...

Business4 days ago

How To for Wealth Brokers: Develop Your Online Networking Skills

There are numerous statistics that reinforce the value of social networking for businesses, regardless of the industry in which they...

Health6 days ago

How To Live Well with a Disability: Improving Your Quality of Life

Living with a disability can make life more challenging, especially if you are newly disabled. Depending on your disability, there...

Uncategorized1 week ago

How to Make Your Office More Eco-Friendly

Research has shown that an office designed with the environment in mind can help improve your workplace culture, making it...

Finance2 weeks ago

How to Trade Forex to Make Extra Cash?

Everyone is looking to make some extra cash in a side hustle. This is mainly because people need a little...