May 16, 2015 | Experts Column
We often get questions about whether or not one should have a home warranty policy to cover maintenance issues on their property. Here are some questions to ask yourself: How many repairs will be covered by a home warranty? Typically only mechanical failure is covered...
May 16, 2015 | Experts Column
I’ve watched the way owners approached their property rental management for almost twenty years. During that time I have noticed some unmistakable principles for succeeding or failing with rental properties. Most prominent is the issue of greed versus reason....
May 16, 2015 | Experts Column
Consider this scenario: A tenant had rented a house for four years and gave their 30 day notice to move in accordance with the requirements of the lease. However, in the last month of their tenancy they were late with their rent. They kept promising they were going to...
May 16, 2015 | Experts Column
Bryan M. Chavis has written a wonderful book about rental investing titled ““Buy it, Rent it, PROFIT”” I am taking the liberty of quoting from the chapter on maintenance here. “The number one reason tenants renew leases is because of good maintenance. The...
May 16, 2015 | Experts Column
Here are some things to consider: Fees: Most people want to begin with the fees even though this may not be the most important consideration. Total fees for property management of a rental home tend to range from 10% of the rent on the low end to 17% on the high end....
May 16, 2015 | Experts Column
Larry Garrett in his book “Common Sense Investing in Real Estate” writes about the advantages of owning Real Estate. You should always check with your accountant regarding your particular situation. However here is what Larry Garrett states are the reasons...
