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Security Deposits 101 – The Correct Methods for Handling Security Deposits
Security Deposits are without a doubt something that you’re going to deal with sooner, rather than later if you’re an owner. In this article, we will share with you several things you should be doing with security deposits that will help you as you grow your portfolio of investment properties. #1 – Be Clear About Your Security Deposit Let’s say that you have multiple deposits including a pet deposit and cleaning fee, in this case, you shouldn’t hesitate to provide your future tenant with a statement that breaks down each deposit. Doing this will help to eliminate any confusion regarding what your tenant is actually paying for and they will…
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Proof Of Income – Learn More About Why It’s Critical That You Require It
If you own rental properties, one of the most important things you can do is require proof of income from your tenants because, it’s what’s going to let you know if a tenant is really qualified to live in your rental property and will be able to pay their rent on time on a monthly basis or not. Why You Need Proof of Income Checking proof of income protects you from losing money and your tenant from eviction, if they suddenly can’t afford rent. Let’s step back for a minute and acknowledge that most tenants don’t purposely fail to pay rent. Nor do they go into a rental agreement with…
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Will More Stock Market Investors Put Their Money in The Real Estate Investment Market?
The stock market has been experiencing another correction in recent days and with a stock market correction, it’s not uncommon for investors to put their money into the bond market or real estate investment market like commercial or residential rental properties. This has happened before in the past before the crash of 1987 and 2008 because smart investors like to get out of stocks before their investments lose a ton of value like Amazon’s Jeff Bezos who lost a record $9 billion in one day. Let’s say that you have $1 million in stocks, should you invest some of your money into real estate? The answer to this question is…
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What Are The Most Cost Effective Options To Choose When Renovating A Rental Property?
Are you planning on renovating your Houston area rental property? If so, there are a variety of cost-effective options that you should consider. In this article, we will list some of the most cost-effective which will also help to improve the value of your rental property as well. #1: Replace Windows Realtors consistently emphasize the importance of curb appeal when you’re trying to market a property. Upgraded windows are a smart way to make a good impression on prospective renters while packing a powerful punch for long-term energy savings thanks to increased insulation efficiency. Remodeling Magazine reports 74 percent cost recuperation for vinyl replacement windows and approximately 70 percent for…
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Tips for Selecting Your First Rental Property
By Vestpro Residential Services Are you planning on buying your first rental property? Maybe you’ve had a look at something like these Stay Tony Monthly Furnished Rentals and decided that you quite like the look of it. If so, you’re not alone. Now is a great time to buy a rental property because mortgage interest rates are still low and demand for rentals remains high especially in cities like Houston. In this article, we will share with you several tips you can use to successfully purchase your first rental property. Determine the Specifics of The Rental You Are Searching For Before choosing a rental property it’s important to first determine…
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Property Management Tips – How to remove a stain from carpet
One of your rental properties just came up for rent and after inspecting it you’ve found that more than one room in the property has stains in the carpeting. What do you do? Hire a professional carpet cleaner to clean the carpet? Or have a look for 17 homemade carpet stain removers online? The good news is that you can easily remove stains from any carpet yourself simply by following the tips in this video. You’ll also need a vacuum cleaner to get the dirt up. You could check out one of the best in the UK to ensure nothing is left behind! Get Property Management Here No time to…
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Best Tips For Newbie Landlords
Just getting started with owning your first rental properties? If so, you’ve come to the right place. In this article we will share with you or best tips for newbie landlords who have just purchased their first rental properties and are now faced with the task of dealing with tenants. It’s also a good idea to get legal representation, you wouldn’t want to become a NYC negligent landlord that gets a bad reputation for not fulfilling your duties as a landlord. David Resnick & Associates, P.C. can provide you with legal aid if you get into a dispute over accident claims. Say if a tenant was trying to make a…
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Are you showing your appreciation to your loyal tenants?
During the process of owning rental properties in the Houston Texas area, or elsewhere in the United States, one of the very best things you can do is show your appreciation to your loyal tenants because, it’s easier to keep a long term tenant than it is to put your rental property back on the market and search for new renters that’s why in this article we will share with you our tips for showing your appreciation to your loyal tenants. Host events Hosting an event redefines your presence with your tenants. Beyond the person who collects their rent checks every month, you become a friendly and generous person. Bringing…
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What are your rental property’s best features?
It doesn’t matter how long you’ve owned rental properties in Houston TX, or the surrounding area, you’re going to one day face the prospect of your rentals competing with other rentals in the area that may have better features and or amenities. The key to success when this happens is for you to highlight your rental properties best features by doing the following. Photograph the right features The first step in highlighting your property’s most sellable features is to share photos of the right features—a.k.a. the features your potential tenants will care most about. These features can be both design-focused and functional; a mix of the two may appeal to…
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7 Tips for Getting Your Humble Texas Rental Property Ready for Rent
By Vestpro Residential Services Are you planning on getting your Humble Texas Rental Property ready for rent? If so, make sure that your rental is ready to be toured by prospective renters by following these 7 tips Tip #1 – Re-Key Your Locks and Change Alarm Codes – This is by far one of them most important things to do before renting your Humble Texas Rental Property because, you want to make sure that your old tenants cannot have access to your rental property, including the gate or mailbox after they move out. Tip #2 – Professionally Clean All Carpets and Floors – One of the top things prospective tenants…
