The Nomad Blog

The Landlord's Guide to the Current Real Estate Market (2022)

Jul 27, 2022 1:20:43 PM / by The Nomad Team posted in Rental Property, DIY Landlord

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The real estate market is changing.

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What Is the 2-Out-of-5-Year Primary Residence Rule?

Jul 26, 2022 7:45:54 AM / by The Nomad Team posted in DIY Landlord

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Thinking of selling your property? The Internal Revenue Service (IRS) considers your home an asset—thus, it's subject to capital gains tax. If your property appreciated in value (and it probably did), you might have to pay taxes on your gains, which could be as high as 20% for long-term capital gains.

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How to Know When You Should Find a Property Manager or DIY

Jul 19, 2022 9:47:31 AM / by The Nomad Team posted in DIY Landlord

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Being a landlord is hard work. There's no way around it. 

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11 Fair Housing Laws to Remember When Screening Tenants

Jun 28, 2022 3:20:50 PM / by The Nomad Team posted in DIY Landlord

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As a landlord, you want to find the right tenant for your property. Whether you realize it or not, you probably have a picture-perfect idea of who you want to live there.

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Pets in Rental Properties: ESAs Vs. Service Animals (2022)

May 31, 2022 10:52:01 AM / by The Nomad Team posted in DIY Landlord

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Americans love their pets. Simple as that.

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Definition of Normal Wear and Tear: What Does It Actually Mean?

Mar 17, 2021 9:30:00 AM / by The Nomad Team posted in DIY Landlord

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"Normal wear and tear"—it's something you've probably seen in a rental lease somewhere. You may have even thrown the term around yourself once or twice.

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Your Rental Property Is a Business—Treat It Like One

Mar 9, 2021 7:17:41 AM / by The Nomad Team posted in DIY Landlord

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HGTV makes landlording look like an everyday vacation. It's always smiles, high-fives, overcoming challenges, and coming out on top. However, real-life home and rental property ownership are a bit different.

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11 Common Mistakes We See Landlords Make All the Time

Mar 8, 2021 10:15:00 AM / by The Nomad Team posted in DIY Landlord

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Intentionally (or accidentally) becoming a landlord doesn't automatically make you an overnight master of the trade. There's a lot to learn, and you're bound to make mistakes along the way.

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22 Budget-Friendly Ways to Renovate Your Rental Property in 2021

Feb 23, 2021 8:45:00 AM / by The Nomad Team posted in DIY Landlord

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DIY home renovation projects are all the rage. Thanks to good ol' Chip and Joanna Gaines, anyone and everyone who has a property, drill, runaway imagination, and HGTV on demand is renovating in fresh, inspiring ways.

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Rental Vacancy Rates: Hidden Risks and What You Can Do About Them

Jan 12, 2021 6:35:03 AM / by The Nomad Team posted in DIY Landlord

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Like with any investment, real estate has inherent risks—and rental vacancies are one of the biggest and baddest.

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