Tagrental property

Mobile Home Park Management – 4 Tips to Maximize Your Investment

Mobile home park management is unique. Even though some aspects are similar to managing a group of single family homes or apartment complex, investors new to this niche will be surprised by a few things. The good news is by the time you’re done reading this article, you’ll be in less of a surprise regarding what to expect and do to keep the park running well. First Thing’s First The biggest...

TWiRP – October 10, 2015

This week in rental property, fixed mortgage rates sharply dropped to the lowest level in six months. Historically low mortgage rates and high home values are spurring cash-out refinancing. Chinese are now the top foreign buyers of U.S. properties, and nearly half of them are paying cash. According to a survey, property managers are expecting rents to rise as much as 8 percent next year. Freddie...

Where to Invest? The Pros and Cons of Urban Markets

More and more Americans are migrating back to urban areas after a decades long trend of settling in the suburbs. According to Census Data, 2.3 million more people moved into one of the country’s 381 metropolitan areas in 2013 than during the previous year. As jobs and economic activity continue to grow faster in urban areas, metropolitan populations will continue to grow. Buying a rental property...

TWiRP- Mar 6, 2015

Urban development is continuing to change especially as millennials are moving. In our first article, we see this change and the effect that it has had on US cities today. We then take a step back and look at a caveat to this observation: could this be another result of the media glorifying reality? Following this, we look at Bloomberg Business’s article on the changing perspective of...

Where To Invest? The Pros and Cons of Rural Property

When you think about investing in a rental property do you dream of wide open spaces, big red barns, and calling the cattle home? Investing in a rural property or tract of land might be the right choice for some investors, but there are pros and cons about purchasing property somewhere with more trees than people. The Good Possibility of future development Every suburb of a major city was once...

Where to Invest? The Pros and Cons of Investing in a Suburban Market

Love them or hate them, the Suburbs are an integral part to the American housing market, and despite the surge in urban living that accompanied the housing recovery, suburban sprawl and the dream of single-family living is far from extinct. If you’re considering the purchase of a single-family rental in a suburban market, here are some benefits and drawbacks to consider before buying that white...

Inexpensive Fixes For Rental Houses

One thing that we have to keep in mind in terms of rental properties, is that many who are going into the market are coming from a place of formerly being homeowners. Now, for some, this is an opportunity too good to miss out on: and you’ll miss out on it if you don’t create something a little similar to what they were used to, as homeowners. All too often, what you can charge in terms of rent is...

Where to Invest? The Pros and Cons of a College Town

Are you the right kind of landlord for a real estate investment in a college town? You’ll need more than school spirit to profitably house college students, but investing in a college town may be a perfect choice for the active landlord who can handle a certain amount of wear and tear due to youthful exuberance. However, for a landlord who prefers a more passive role in property management...

Not A Missed Connection: How to Write an Effective Rental Ad

Do you have questions about rental investing? Check out this post for some common questions a real estate investor who is interested in rental properties would be interested in exploring before diving into this article. It’s easier than ever to post rental listings online. But writing an effective rental ad is harder than you think. I’m currently in the middle of a housing search and some of the...

Convince Residents that Renter’s Insurance is a Must

We’ve already covered some reasons why renter’s insurance is a good idea for residents and property managers alike. But how do you convince your tenants to pay for and retain a policy that many people assume is expensive and unnecessary? Be a myth buster Many renters have more than a few misconceptions that keep them from purchasing a renter’s insurance policy. Knowing which myths are most...

Housing Market Predictions for 2015: Part 2

Rental markets will stay strong While first time home ownership will rise in 2015, thanks to households headed by 30-somethings bankrolled by greater job security and rising confidence in the housing market, younger Millennials leaving college dorms and their parent’s homes will keep the rental market robust. Americans in their 20s strongly prefer to rent in urban centers close to jobs and...

When Every Leaf is a Flower: Rental Property Landscaping Tips for Fall

Trees are a great amenity in a rental property landscaping plan, especially if they are planted in spaces available for residents to enjoy. Trees offer shade and room for recreation in green spaces, and when used with other colorful landscaping, make your property stand out year round. Most rental property landscaping tips show up on blogs like ours in the Spring, when planting and gardening is...

Should E-Cigarettes Be Banned in Rental Housing?

We’ve talked about the benefits of instituting smoke-free policies in your properties and covered the specific reasons why smoking tobacco in a rental unit lowers the quality of life for residents and costs more money during turnover. As the percentage of Americans who smoke cigarettes continues to decline, many former smokers to turn e-cigarettes for a seemingly safer way to get a nicotine...

The Benefits of Smoke-Free Housing

Smoking has fallen out of fashion in the U.S. The number of Americans who smoke is at the lowest rate in over sixty years. According to the CDC only 18.1% of American adults smoke cigarettes, down from 41% in 1940 and 26% in 2000. Smoking is prohibited in indoor public spaces in 28 states, and banned in any establishment that serves minors in another 12 states. Following national trends toward...

Pest Control for Rental Properties

When managing rental properties, pest control is vital to maintaining the value of the property.  When left unchecked, pest infestations can cause a slew of problems. Not only is having a pest infestation unsanitary it can lead to legal issues if not handled immediately.  While some pests are simply annoying, there are some that are lethal or spread certain diseases. Who Pays? In most cases it is...

What to Consider When Shopping for a Home Warranty on Rental Property

When you manage one or more properties, you want to cover all of your investments with insurance and warranties when it is in the best interest of the property. While it is usually required for a property owner or landlord to carry homeowners insurance on a residential property, you are not required to carry a home warranty. However, purchasing a home warranty can be a good idea because it will...

Creative Idea: Property Management Mnemonic!

I recently came across an article that uses a mnemonic device to help folks develop new ideas to innovate products and processes across all fields of industry and life in general. The means for doing so, that I will briefly discuss below, can be found in more depth in the original article, but I'll apply it here to property managers specifically. So, I encourage readers to visit the original...

Fair Housing Act: Be careful. Watch what you say.

Providing housing for every man, woman, and child is the social and humanitarian goal, and thus, a government concern. Consider the following: [Government involvement = Regulation] and [Regulation = Risk for PM]; thus, according to the Transitive Property of…Property Management…Gov’t involvement equals risk to property managers. The Fair Housing Act protects the rights of those seeking homes, and...

Realtor Turned Property Manager? Software Could = Profitability.

In the wake of the 2008 Financial/Housing Crisis, the real estate industry was dealt a series of direct blows (as could be expected), and indirect effects continue to exacerbate the pummeling; at ground zero the dust has not settled, but what can be deciphered is a re-assignment of equity and the subsequent paradigm shift within the real estate industry.  Over a million new or “converted”...

Retirement with Rentals; How Income Property can Make Your Retirement Dreams Come True

Ready to retire? Curious as to how the money you’ve saved over the years will last forever? Depending on your situation, income property may be your answer. It starts with identifying goals; from a broad perspective, most retirees seek to 1.) protect the money from inflation, 2.) use the money to generate an income with little risk, and potentially 3.) leave money to heirs. Now, it’s...

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