Clayton Sanders
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Preparing Your Rental for Summer
Whether your rental property is a seasonal rental or rented year-round, the change in the weather is a perfect time to do some important maintenance. Keeping your investment in good shape is important to maximize rental income. It helps prevent accidents and high maintenance costs in the case of bigger, urgent issues. Your rentals may suffer damages from snow, rain, or hail; hence why maintenance is necessary when renting or selling your home during the summer season. If you own a rental property, here are some tips on how you can prepare your rental for summer.Start with the landscapingWhen it…
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How to Interview a Property Manager
You’ve jumped into investing in real estate, but you’re not sure where to start when it comes to getting a tenant in, maintenance requests, and a host of other things owners have to worry about. Hiring a property manager may be the best alternative for you. Various companies offer property management services; hence, after considering several relevant aspects, you should select the best providers. A reliable property manager should display qualities such as excellent communication skills, honesty, organization and other quality traits that you can discern during the first few interactions.If you choose a worth property manager, it will undeniably…
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8 Tenant Screening Mistakes You Don’t Want to Make
Having the wrong tenant will lead to loss of money in the form of unpaid rent, costly repairs and costs of evictions. More often, landlords may end up with wrong tenants due to common errors and skipping the tenant screening procedure. Below are some of the frequent tenant screening mistakes that most landlords make and, if avoided, it could help you avoid loss of income.1. Skipping the Screening Process AltogetherAs a time and effort saving mechanism, some owners skip the screening process on a prospective tenant entirely. Sometimes they are motivated by the prospect of collecting income and filling empty…
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5 Best Insurance Coverages for Your Rental Property
You’re probably familiar with getting homeowners’ insurance for your primary residence, but how are you covering your rental properties? Just because you got a great deal and paid cash doesn’t mean you should ignore the potential losses that could occur should something happen. These are the five coverages you need to make sure you have now. Liability Coverage. The house itself isn’t the only thing you should be covering. You need to cover your liability for any accidents that occur on the premises. If someone trips and falls on that crack in the sidewalk that popped up this winter, you…
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5 Tips for a Successful FSBO
It’s no secret that skipping the real estate agent and selling a home on your own can save you thousands. Depending on the location, the average seller can pay anywhere from 1-4% of the sales price just for listing with an agent. But, if it’s easy to sell on your own, why doesn’t everyone do it? For sale by owner isn’t for the faint of heart, but there are ways to make it successful.Price It RightPricing might be the single most important key to a successful For Sale By Owner. Every property on the market is only new for a…
