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Property Management Blog

Relax...There's an Alternative

Relax...There's an Alternative
Is the stock market keeping you up at night? Are you consuming more antacids than ever before? Are the ups and downs causing more stress than you want or need? There is a simple alternative in rental real estate. Single family homes for rental purposes offer an excellent rate of ...

Save Interest, Build Equity & Shorten the Term

Save Interest, Build Equity & Shorten the Term
If you invest in a savings account, you’ll make less than 1% and would have to pay income tax on the earnings. On the other hand, contribute something extra to your house payment and you’ll earn at the mortgage interest rate which is certain to be more than you are ea...

Enjoy Your Improvements and Profit by Them

Enjoy Your Improvements and Profit by Them
Homeowners can raise the basis or cost in their home by money spent on capital improvements. The benefit is that it will lower their gain and may save them taxes when they sell their home. Improvements must add value to your home, prolong its useful life or adapt it to new uses. ...

Opportunity Costs

Opportunity Costs
Sometimes, there are costs associated with not taking a particular action. If a person left their money in a certificate of deposit earning 2% when they could have made an investment that earned 8%, the difference is the opportunity costs associated to not taking action. If a cou...

Crafting an Acceptable Offer

Crafting an Acceptable Offer
An agent was presenting a contract to a single, senior woman who was moving into a retirement home. It was a full price offer with reasonable terms and timelines but the seller wouldn’t accept it. When the agent probed deeper, she discovered that the seller was concerned wi...

Seller Safety Plan

Seller Safety Plan
September is REALTOR® Safety month when special attention is focused on the security of having a home on the market and the concerns for the well-being of owners is a day-to-day effort. The following list may help sellers secure their home and minimize risk.Locks –...

Annual Maintenance

Annual Maintenance
A common expectation of homeowners is to want the components and systems in their home to work when they need them. Periodic maintenance is just as important as having a trusted service provider to make necessary repairs. Victims of Murphy’s Law can attest that their air co...

Money Down the Drain

Money Down the Drain
Private mortgage insurance is necessary for buyers who don’t have or choose not to put 20% or more down payment when they purchase a home. It is required for high loan-to-value mortgages and it provides an opportunity for many people to get into a home who otherwise would n...

Cash Flow and Equity Build-up

Cash Flow and Equity Build-up
Many years ago, Las Vegas hotels would entice customers with inexpensive rooms, meals and entertainment so they would gamble. It may have worked initially but if you’ve been to Las Vegas recently, the bargains are gone. Hotels expect each division to be a profit center on i...

Which Filter to Use?

Which Filter to Use?
A dirty air filter decreases the effectiveness of your HVAC system because it inhibits airflow and allows dirt, dust, pollen and other materials to blow through the system. The challenge is how often it should be changed to keep the system working efficiently and extend the equip...
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