Securing a good home loan at the right rate is one of the most important steps in the home buying process. This can be a pretty confusing part, especially if it's your first time buying a home. Here are some steps to take and where to go when it's time to find the perfect loan.
Knowing where to start when it comes to managing your own rental property is the hardest part. Breaking the process down into a series of steps is the easiest way to stay organized and stress free while managing your investment. In case you missed it, check out our 9 Steps to Help You Manage Your Rental Property Without a Property Manager. Once your property is “rent ready,” you need to determine how much to charge for your rental property. With online sites like Zillow providing their “Rent Zestimate,” it’s a fairly straightforward process to determine the market value of your rental property.
Managing your own rental property can be a rich and rewarding experience. It can also be a stressful and intimidating venture! Knowing where to get started can help you manage your rental property like a pro.
Residential rental property can range from a single family residence on a nice quiet cul-de-sac to a multi-unit complex with on-site management and maintenance in a downtown urban setting. Regardless of the type of property you own, your most important variable (after location) is the condition and quality of your rental property.
Yes, curb appeal does matter, even if the property is occupied by a renter. It matters to both the prospective tenant and the local community in the immediate area. A real estate investor who understands this will be willing to invest the money needed to maximize the potential rent and attract the best possible long term tenant. A good tenant is defined as one who takes care of the property and pays the rent in full, on time, every month.
So you have rental property managed by a professional property management company and in comparing your 1099-MISC to your 12-Month Cash Flow report, you notice the total income on the Cash Flow Report does not match the 1099-Misc. Has your property manager made a mistake?
One of the most common questions that a homeowner will ask a property manager is: what are the fees? We’re talking about the cost of property management when you hire a professional company.