Posts Tagged ‘property’

How To Pick Out A Property Management Company For Your Investment

January 11th, 2018 Comments off

Managing investment property is not simple. You worry concerning the maintenance, and receiving rent payments. The broken appliances happen at odd hours and solving occupant complaints takes up valuable time. It takes additional of their time and currency to maintain. Unluckily, investors quick become weighed behind as the investment maintenance is additional work than predictable. The solution for a lot of investors, then, is to hire a reputable property management company to take above managing the property.

A proficient property management company always reduces the investor?s burden by repairing the problems in the property and also by maintaining very good records. Your business will be streamlined if the company agrees to execute all the services upon the agreed fee.Hence, what are criteria upon which we can consider in hiring a manager for your property?

Company fees are a major aspect in the decision making process, so do your research. For a large rental property, the national average is around 4 percent of the property’s income. The national average for a single home is around 12 percent. Before you sign a contract, be sure to do your research on fees charged, payment schedules and the services included. What will their fees cover, and how will payments be made? How will they deal with other expenses not included with these fees, such as repairs and insurance premiums? Some send invoices, while others include these expenses with their fees.

It’s a good idea to hire a reputable property management company, so find out about other properties that they have managed. Ask for the addresses of these properties and see how they are doing. Also, the property management you hire should have experience with the type of investment you own. A manager with experience in single home management may not be a good match for a job with an apartment building.

Good communication is good business, so speak with the person who will actually be dealing with the property. Poor communication early in the business relationship can lead to hassles in the future. Be sure to get references from the company’s previous clients. The property management company also deals with advertising, so take a look at their previous advertising work and ask about advertising costs. Costs will differ between newspapers, television and the internet. Ask about a website, and check out its ease of use and if a prospective tenant can apply online.

Other questions to be enquired are of hiring cleaning contractors for preparing vacancies and can the cleaning be done quickly to ensure you are not losing valuable time and money while the place is prepared for tenants?,do they have contractors for repair and landscaping needs?,what are the hours the property management company is available and if they are available after working hours for emergencies?,how close is the management office located to the investment property?.Also their viability of approach.Another aspect that should be kept in mind is their proximity to the investment property to solve the problems as they occur.

Hiring a property management company to oversee your property saves your time wasted on daily problems.The company also allows the owner to find time for other deals which can be passed onto the same company to manage them as well.

About the Author:

Getting The Best Real Estate Deals

December 12th, 2017 Comments off

Being aware of what to put your money into when handling real estate activities will set the stage for a good or poor deal. If a good deal is reached, it signifies that the seller, buyer, and realtor all go away with a feeling as though they have been victorious, or made a good barter. Here at Property Berkshire this is what we strive for.

When it comes to making a good deal, make sure that you know what you want. Who is involved in the action that you are taking and how can you run your transaction? What is the best loan that you can find that will help you and what kind of requirements do you need to adhere to to make sure that everything goes well.

When you are thinking about putting together a good deal, you’ll find that the correct interest rate should always be figured. Remember that if you are seller, you will want to have made a profit or at least to have broken even.

What does the money look like, and how can you make sure that you are giving out good charges and good interest rates. Some dishonest lenders will hid charges or fees that are not found out about until later, and this is a poor game to play.

When you are ready to look into how you are going to get the primary loans, if that is the position that you are in, you’ll find that going to different lenders will help you get the results that you expect and are looking for.

How is the property maintained? Many people are a little surprised when they find that a little bit of maintenance goes a long way. If you are going to sell a property, make sure that it is on that you have taken care of. Are all the utilities running well, and have the issues been taken care of in a timely fashion? This can make all the difference.

A real estate manager or inspector may need to look at the property to see if everything has been properly cared for. If it is not in good order, the investments in repair need to be made before the final deal is made in order to fix the problematic areas.

When you are ready to sell your home, or if you are ready to take on a new home, remember that the best bargain is one that leaves everyone feeling like they won. There are good expenditures and bad ones and at the end of the day, playing everything above the board and being able to say that you have a good property for sale is essential. Know what you are getting into and what you have a right to demand when you want to get a property that suits you!

About the author: Davin Greenway is the creator of Property Berkshire, a property listing website for Berkshire. He also writes regularly for the Property For Sale In guide.

Inspecting The Foundation Of A Home

November 3rd, 2017 Comments off

When you hire a home inspector to inspect a home you are buying one of the things he will be inspecting is the homes foundation. Here is an overview of what the inspector will be looking for.

Initially, the inspector will need to find out what type of foundation the home has. There are three different types of foundations – basement, crawl space, and concrete slab. The foundations are different and each are inspected differently.

When inspecting the basement, the inspector is limited in what can be inspected depending on if the basement has been finished. One of the main things the inspector is looking for is moisture intrusion from the ground. Evidence of moisture would be visible in the form of staining on the concrete or carpet and cupping or curling of the hardwood flooring.

There are other items the inspector will examine while in the basement. These items include any exposed wood framing, electrical components, plumbing pipes and fixtures, and any systems like the water heater or the heating and cooling system if present.

If there is at least 18 inches of headroom, the inspector will evaluate the crawl space. If for some reason, such as height restrictions, the inspector can not access all or part of the crawl space it will be noted in the inspection report.

The home inspector will be looking at several things while under the house. The main thing the inspector is trying to determine is if there is moisture present and is there any damage to the support system and floor structure. Some of the items the inspector will look at include: the piers, floor joists, outside sill plate, foundation wall, and any other items present like the plumbing, ductwork, and insulation.

If the home has a concrete slab the inspector will be limited in what can be inspected if the flooring has been installed. But there are still some signs that problems may exist. Much like the basement is staining visible on the concrete or carpeting or is the hardwood cupping or curling at the seams. On the outside, the inspector will look to see if the slab is cracked and is the ground graded away from the foundation.

In Closing

Homes are built based on the grade of the land. It is not uncommon for homes to have two and sometimes all 3 foundation types as part of the construction. When you hire your inspector, give them as much information as possible about the foundation.

Hubert Miles is the founder of Waterfront Houses USA, an online marketing service that provides Lake Real Estate in the US and Canada.

Ten Items You Should Repair Before Selling

October 19th, 2017 Comments off

Thinking of selling your home but don’t know if you should make repairs first? Of course so! Any repairs you make will only impress the buyer and will help you get most, if not all, of your asking price no matter what the market is doing. Here are a list of ten items every homeowner should repair.

1. Paint – A fresh coat of paint on the inside and out will do wonders for your home. Make sure that before you paint you make any repairs to the drywall or exterior wood. Take the opportunity the repair any damage before painting the home.

2. Floors – Clean the carpet or replace it if needed. Repair any problems with loose floor boards or replace any tiles that may be damaged. Polish or repair any scratches to the hardwood flooring.

3. Windows – Make sure all the windows are operational and have screens. If there is any broken glass have a local glass company replace it. If the windows will not open, the home inspector will write it up as a safety hazard.

4. Make sure all the appliances are clean and in working order. Make sure the dryer vent pipe extends to the exterior of the home and does not discharge into the crawl space.

5. Clean and remove clutter from the garage and basement. Throw out any unneeded magazines, old newspapers or sales papers, and move any boxes of seasonal decorations to a storage facility or shed.

6. Check the attic to make sure the vent stacks, roof vents, chimneys and flashing are not leaking. These areas are the most likely places that roof leaks happen. Repair the areas if any leaks are present.

7. Make sure the kitchen and bathroom fans are vented to the outside of the home. Exhaust fans should vent to the exterior and typically do so through the roof or the exterior wall.

8. Run the water and verify the sinks, pipes, and faucets are not leaking. Check to make sure are counter tops are secure and caulked at the wall.

9. Make sure none of the light bulbs are blown and that the rooms have plenty of light in them. Before buyers arrive, go around and open all the curtains and blinds to allow daylight into the room.

10. Be sure the fireplace is clean and the flue works properly. If you have a gas fireplace, have it on when the buyers are there to show them it is in working order.

Hubert Miles is the founder of Waterfront Houses USA, an online marketing service that provides Beach House in the US and Canada. Find Massachusetts Beach House.

Buying Waterfront Real Estate In The Winter

September 23rd, 2017 Comments off

Trying to find motivated sellers of waterfront real estate can be difficult. The perfect time to look for a motivated seller of a waterfront home is during the wintertime. Also, you will be able to get appraisals and home inspections at a lower cost.

Home buyers put off searching waterfront real estate because of holiday decorating, shopping, and parties. Plus, the cold weather makes home buyers prefer to stay home; they wait for warm weather to buy waterfront real estate. Get in early and make your offers before other buyers do.

When a seller has a waterfront home that did not sell during the summer market, they may become concerned that the waterfront home won’t sell. If the seller has not pulled their listing, there is a good chance they have become very motivated to sell.

It is important for real estate agents to keep their pipeline full of potential leads and sales. During the winter as their leads become fewer, you will get great service. The real estate agent can’t afford to let any potential lead during the winter pass them by. The agent will also be open to offers they may refused to present to the seller during the peak season.

So what about financing? Well, lenders and mortgage brokers are affected the same way real estate agents are. As the winter months roll-in, they tend to be more flexible with qualifications and will work harder to help you purchase your waterfront home.

Many buyers will make offers contingent on the appraisal and the home inspection. During the summer you may have to wait up to a week or longer to get the appraiser and home inspector out to the home. During the summer, it is not uncommon to be able to get your appraiser and home inspector out to the property within a day or two.

So why not get out there and start looking for some waterfront real estate bargains. Make a lot of offers. Don’t wait for the summer to come back in just to find that your offers are lost in the crowd. Be proactive and find those motivated sellers.

Hubert Miles is the founder of Waterfront Houses USA, an internet marketing service that provides Waterfront Homes and Waterfront Real Estate available in the US and Canada.

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