What upgrade or renovation project has the biggest bang for the buck on your rental property? Compared to any other remodeling effort, a new coat of a neutral color paint can give you the highest return on investment. It’s fairly simple, inexpensive, and makes an immediate visual impression.
One of the most important success factors in owning and managing rental properties is the occupancy rate. To make the most profit requires maintaining an occupancy rate as close to 100% as possible. Here are three ways a new coat of paint can save you money on your rental property — which is more money to save, spend, or reinvest.
New paint makes the property more appealing to renters. A new coat of a light-toned neutral color paint makes the place look brighter and cleaner. Brighter walls are inviting and uplifting, and also make the living space feel more spacious. First impressions are important and a freshly painted unit implies the place is well-maintained. This will help the potential tenant to see themselves living happily there. They will perceive the value in the rental price and be willing to pay more. There is also a psychological effect of people wanting a clean space to stay that way. By repainting your rental unit between tenants, you encourage the new occupants to keep the place clean and well cared for. Even though you spend money on re-painting, you save money if the tenants take better care of the property in general so you have fewer overall repairs to the unit.
The right paint protects surfaces. Choosing the right type of paint for the surface saves you money by protecting against damage and wear-and-tear. Here’s a list of recommended paint finishes for the different surfaces in the unit:
High Gloss: doors, trims, kitchen cabinets
Satins: family rooms, kids bedrooms, hallways, playrooms
Semi-gloss: kitchens, bathrooms, trim, laundry rooms
Eggshell: dining room, living room, office or study
Flat or Matte: adult bedrooms, ceilings, low-traffic areas
By making it easier for the tenant to care for and maintain their unit, you have decreased the time and expense needed on your part. Again, this results in more savings to you in time, supplies, repairs, and renter turnover.
3. Buy paint in bulk to save time and money. When you buy a certain amount or larger sizes of paint containers you should get a discounted price. It’s wise to keep on hand an inventory of a few core choices of colors and finishes. But more importantly you will always have the right paint on hand when you need it. Whether it’s for quick touch-ups or even to repaint several walls or other surfaces, you won’t be scrambling to drive to the store or taking the chance that the new paint doesn’t match the old. It you own more than one unit, it helps to keep detailed records of which paints (brands, colors, finishes, etc.) you use for each. Then you can easily refer back to quickly see what you need when the time comes to repaint. When you buy regularly from some paint or hardware stores you can set up an account that keeps track of your previous purchases in detail. This also helps when you do run back to restock your paint and supplies.
The more you simplify your paint choices, the easier it is to quickly repaint your vacant unit and get it rented out again. Keep these three suggestions in mind as you prepare your next property so you can save money while maintaining and improving on your real estate investment.
For more information about any aspect of property management contact us today.
Rental homes are one of the premier forms of investment property for anyone looking to build their estate and bring in passive income. Of course, a home isn’t really a static asset, it needs care and regular maintenance, especially if you plan on keeping it occupied with happy tenants. Every six months the gutters will need to be cleared, the windows washed, and a perimeter of poison laid down to keep the bugs at bay, not to mention actually tending to the needs of your tenants. This is why all but the most handy and sociable landlords choose to hire the professional assistance of a property manager. When choosing who to hire, it’s important to remember that a property manager is a lot more than just a babysitter for the house, they can literally add value to your property value and the quality of life for your tenants with a few simple value-added services. Make sure the property manager you choose is providing you with everything your investment deserves.
Property staging is the art of making a house beautiful and appealing to new occupants whether you’re renting or selling. When you’re looking for your next family of tenants, the best way to draw in high-quality applicants is to present a cozy, inviting home. Your property manager should be skilled at making a house or apartment look and feel amazing even if there’s not a single stick of furniture inside. Subtle use of curtains, scented candles, and polished surfaces can make an empty home look and feel like it’s ready to welcome a new family.
The tenants you choose from among your applicants will make a big difference in how easy and pleasant it is to be their landlord. Ideally, you’re looking for someone with a good rental history, stable finances, and a clean background check who can be practically guaranteed to treat your property with care and consideration as their home and your investment. These fantastic tenants are out there, but making sure you’ve selected one means calling their references, running the background checks and, to a certain extent, trusting your instincts after meeting them. A great property manager will be able to find you delightful, well-behaved tenants who always respect the terms of their lease and make timely requests for the occasional maintenance need.
Another great thing a talented property manager can bring to the table is landscape maintenance. You may or may not be surprised to discover that the quality of your lawn makes a big difference in property value and you can’t always count on the tenant to be willing or even able to take care of all the landscaping tasks themselves. Your property manager will not only keep the grass cut, trees trimmed, and the flower beds tended, they will keep the yard the way you like it and will be happy to nurture it to blooming perfection as part of the staging process as well.
Furnace Filter Delivery
One little maintenance detail that many property owners forget, even for their own homes, is the furnace filter. The filters not only determine the air quality for your tenants, they also influence how efficiently the furnace can do its job keeping the building warm and cozy. Depending on the size of the filter, these need to be changed out anywhere from two to six months. Your property manager will get to know your furnace and ensure that there’s always a clean filter installed right on time, ensuring that your furnace will need less maintenance and repairs and your tenants can enjoy clean, efficient heating.
Regular Inspections and Upkeep
As a final value-added service your property manager can offer automatically is a regular yearly or 6-month inspection of the home. A simple investigative walk-through can catch potential problems early and take care of little maintenance tasks before they have a chance to become repair jobs. Replacing chipped or broken grout and calking in the bathrooms, watching for signs of leaks under the sinks, and cleaning the gutters before they get full will all ensure that you’re home remains in top condition and ready to bring in rental income for years to come.
Your investment property is great, but with the value-added services of a professional property manager, your residences will soon be the pride of their neighborhoods with beautiful landscaping, exemplary tenants, and appliances kept in perfect repair. For more information about how to find the perfect property manager, contact us today!
The value of a home is one of those things that is made up from a thousand different little factors. First is the quality of the home, how sturdy the structure is, how insulated and energy efficient, and the quality of the pipes and wire. Then there’s attractiveness and inclusion of popular features like a big backyard, an open living area rather than a closed floorplan, and an enjoyable kitchen design. However, because you can’t pick up a home and move it, it’s location is also a big part of the actual value determining how much buyers or renters want to live there.
A nice home in a nice neighborhood has a much higher practical property value than the same home standing out as the nicest structure in a run-down neighborhood. Naturally, you want to be sure that any property you own or buy is in an area that will make it a more valuable investment. Here are the five clearest signs that your home is in a great neighborhood for investment property ownership.
1) Good School District
When people are looking for a new home, they’re also planning for the future of their family which means considering the quality of the schools. A high-quality school district with good test scores and many positive reports of happy children and an effective education is often a more powerful neighborhood draw than the homes themselves. Simply being within the bussing zone of a good school district improves the property value of your neighborhood, but actually being within safe walking distance of one is incredibly powerful.
2) Close to Shopping Centers and City Features
Of course, it’s not just schools that shape a resident’s lifestyle. The restaurants, shops, parks, and other public features of the neighborhood determine who will enjoy living there. If you are close to your city’s downtown center, your neighborhood is likely to be more desirable to professionals while proximity to laid-back shopping centers and family restaurants will make your neighborhood more appealing to families. If there are enjoyable nearby venues, your neighborhood is likely to be in a good spot for property values.
3) Well Lit Walking Paths
Every city handles its local maintenance a little differently, but often neighborhoods can take responsibility for their own local upkeep. Crummier parts of town tend to be badly lit with broken sidewalks because nobody takes pride in the area enough to fix it up and maintain it. A good neighborhood, on the other hand, will have sidewalks in good repair, well-lit by a collection of street lamps and safe yard lighting from the helpful neighbors.
4) Consistent Neighborhood Curb Appeal
You can always tell a neighborhood that’s begun to deteriorate because a few of the homes will look much shabbier than the others. This can happen because owners stop caring about a home, let it stand vacant and unsold for too long, or because something else has gone wrong. However, if you can look all the way up and down your street and all the homes are well-kept and attractive, you’re in a good neighborhood in which all the other homeowners are working hard to maintain their own and each other’s property values.
5) Active HOA Participation
The final mark of a thriving little investment-worthy community is an active HOA or home owner’s association. While a neighborhood doesn’t need an HOA to be great (not all neighborhoods have one), an active HOA is a good sign that your area is actively managed by concerned fellow homeowners. In fact, an HOA’s primary mandate is to protect and enhance the property values for every owner on the block.
So is your home in a great investment neighborhood? If you have a positive answer for two or more of these points, then there’s a very high chance that your home will continue to appreciate in value over time. For more great real estate investment tips and tricks, contact us today!
The value of a rental house and what your renters are willing to pay comes down to a combination of factors. While it’s safe to assume that your rental home is structurally sound and kept in good repair, the exterior appearance, ‘newness’ of the rooms, and quality of your included appliances are all major contributors to how much rent you can reasonably charge. Whether you’ve just acquired a new piece of investment property or have been renting a home for several years, there are a few quick and easy techniques that can help you improve the value of your rental property this year starting with a lively spring cleaning.
1) Clean Everything!
The one factor that can most damage the value of an otherwise nice rental property is signs of previous tenants. While renters may be aware that others have lived in the home before them, who wants to deal with dingy carpets, discolored wall paint, or lingering smells? Your first step for any spring improvement wave is mass-cleaning. Wash every surface you can reach, steam-clean the carpets, and even get the ducts and vents professionally cleaned to get rid of old allergens and smells. The newer the home appears, the better a price you can get for it.
2) A Vibrant New Landscaping Design
What makes a renter think “Wow, this place is nice!” the moment they drive up? A beautiful garden full of landscaped flowers, shrubs, and trees. You Don’t have to completely dig-up and redesign the yard, but you should definitely work with an artistic landscaping service to fill your flower beds with vibrant blooms, trim your trees, and possibly even add a cute stepping-stone walk through the yard or a swinging bench as a nice accent.
3) A Fresh Coat of Paint
Nothing makes a home look more ‘like new’ than a fresh, professionally done repainting job. This not only saves you the trouble of trying to scrub off old discoloration, it also gives you a chance to pick a new subtle color scheme and make sure all your baseboards, outlets, and light switches match. Make sure to choose a sturdy, glossy paint that can be scrubbed safely in case of pets or toddlers. Remove outlet and light switch covers to paint them and use painter’s tape for windows and fixtures so that only the surfaces you want to be painted get paint on them.
4) Maintain Your Exterior Siding and Roof
Almost no one ever looks directly at the exterior siding or roof, but subtle signs of shabbiness will filter into the subconscious and lower the apparent overall value of your rental property. Double-check your maintenance schedules and get both your roof and siding touched up before beginning the staging process. This way, everything will be tidied, freshly repainted or finished, and ready to show your home’s ‘best side’ to new tenants.
5) Replace Old Utility Appliances
The age and quality of the included appliances like the stove, fridge, dishwasher, washer/dryer (if included) and the HVAC units matter a great deal to how valuable a home seems. Really old appliances can negatively ‘date’ your home while brand-new energy-efficient models allow you to significantly up your rental price for the utilities savings and reliability of the units alone. For what you don’t replace, have a handyman do a full maintenance check, empty any filters, clear out any accumulated dust and crud (under the fridge), and give you a new maintenance schedule.
6) Breezy Window Treatments
Whether or not your tenants put up curtains of their own, there are a couple of good reasons why you will want to put up some breeze, attractive curtains. First, a home with uncovered windows looks vacant and creepy, harder to imagine yourself living there. Second, take down those dingy old white mini-blinds. While they were once the height of technology and fashion, now they are a sign of age and broken things that are hard to dust. A few inexpensive but cheerful curtains in neutral colors can make a house seem homey.
7) Polish and Finish any Rough Edges
Finally, do a last detailed check of absolutely everything. Check the grout and caulk in the bathrooms, the quality of the garage door, the edges of counters for chips and jagged places, and repair everything you find. Get the home as close to ‘new’ quality as possible by taking care of any signs of age. Discoloration can be re-finished or painted, chips can be fixed with putty or sanding, and rough edges can be smoothed and and re-sealed. When you really put in the time, your tenants will appreciate how nice their new home is and be willing to pay for that quality.
Here at Property Management Pros, we take pride in taking the best possible care of every property we manage. Keeping track of maintenance schedules making sure repainting is done right, and fixing little signs of wear-and-tear between tenants are what we do best! For more great investment property owner tips or to arrange for the pros to take care of it for you, conact us today!
If you have a rental home that is currently wanting for a tenant, winter is the perfect time to start sprucing up the place to make it more appealing when the next peak rental season rolls around in spring. It can be tempting to think that a home will be fine without updates and touch-ups but in reality, times and tastes in home design change and savvy landlords know how to keep up. If you want your property to be in high demand in the spring, now is your ideal opportunity to make the house shine. Your goal is to make sure the home is in top maintenance condition, is spotlessly clean, and appealingly decorated to make your new potential tenants feel like home the moment they step over the threshold.
1. Complete Maintenance Check-Up
Your first duty is to ensure that the home is still solid, in good condition, and likely to stay that way for at least a full year after new tenants move in. This means that you’ll want a complete maintenance checkup now. You’ll want to check everything from the roof to the foundation which means inviting a small variety of professionals to your home or, possibly, one multi-talented service who can cover the whole inspection. Should anything come up, repair or replace it. This is also the right time to change the locks if you haven’t already.
Be Sure to Check
Appliances and HVAC
Signs of Moisture
Tiles, Caulk, and Grout
Windows and Doors
2. The Deep Clean
The next step is to make sure the home is spotlessly clean, and not just on the surface. Your goal is to get even the dust from the last tenant out of the house and that will take just some thought and effort. Start by dusting everything, including the ceilings, walls, and the space between upper cabinets and the ceiling. Clean your air ducts or have them professionally cleaned and clear out the vent behind the dryer of any lingering dryer lint.
Now that all that dust is freed up and much of it has been thrown away, vacuum everything to suck up dust that has re-settled and then steam clean the carpets. With all that done, you’re now ready for a normal deep clean of wiping everything down, scrubbing the bathrooms and sinks, and power-washing the driveway and front walk.
3. Fresh Paint in Blue and Gray
With the house clean and free of lingering particulates from previous owners, it’s time to paint. This year’s colors for what sells a house fast are blue-tinted grays combined with soft or dark blues as an accent. Blue in a home can make it feel more spacious and relaxed and blue in the kitchen has become especially appealing. The most popular kitchens often feature a cool combination of blue-gray paint, stainless steel appliances and frosted glass cabinet doors and decor.
4. Redesign the Landscaping
While the inside of a house matters, the landscaping will always be the first thing your potential tenants see. While it’s still cold and barren outside, now is the perfect time to rething the landscape to have it enacted as the snow melts and green starts to return. If you’re eager to get renting, you might even consider a little winter landscaping with cold-blooming flowers and shrubs.
5. Update Older Appliances and Fixtures
There’s nothing quite so discouraging in a rental property like old appliances. The appliances contribute significantly to how pleasant it is to live in your rental so think carefully about when to replace them. Most modern tenants are looking for stainless steel models that are less than 5 years old and are still in great working condition.
Houses also come with a variety of little details that subtly mark how old and outdated the home is. Sink fixtures, light fixtures, and the handles on drawers and cabinets can all be replaced quite affordably in a way that can completely update the look of your rental. You may also consider repainting the cabinets and redesigning the cabinet doors to something trendy. Glass inserts are very in right now.
6. Consider Smart Home Features
While you’re thinking about upgrades and investments that could raise your reasonable asking rent, have you considered the smart home? Automated home features are incredibly popular and are a high-tech upgrade that renters value. You can start with responsive light bulbs but the best installations are smart locks, thermostats, video doorbells, and security systems.
7. Take Pictures
Once your rental home is completely upgraded, updated, and repaired, it’s time to take pictures. These can serve as a reference for the condition the home is in before you bring on new renters. If there are still cracks, scuffs, or small signs of wear and tear, be sure to document them so you know exactly what the differences are when your next tenant moves on.
Finally, you are ready to stage. Staging is the art of making a rental or for-sale property look appealing to people who might want to live there. It usually involves a few pieces of furniture and a few pots and potholders in the kitchen to show how the place would look if occupied. If you don’t want to bother with staging, just put up a few inexpensive curtains to make sure the place feels welcoming rather than vacant.
Finally, you and your property are ready for the new rental season! For more tips and tricks on managing your rental property or to find someone who will do happily do all this rigamarole for you, contact us today!
Welcome back to the second half of our two-part series on what to consider when you’re looking for your very first investment property. Buying an extra home is a big decision, and one you want to make carefully. Last time we talked about being financially prepared and choosing a structurally sound home that can be rented quickly after you purchase it. Let’s continue by talking about how to ensure your choice attracts the right sort of renter.
5. Is the Home In a Desirable Neighborhood?
There is a major housing crunch in Australia but that doesn’t mean that just any home will find a renter immediately. Most renters prefer to live in the city but wherever your investment property is, it’s important that the home be in a desirable location. In a nice neighborhood, near a school, or within walking distance of appealing shops and public locations are all great selling points but each neighborhood will have specific considerations to think about.
6. Who Will Want to Live in the Home?
The style and location of the home you choose will influence the kind of tenant you bring in. If you buy a first-floor flat on the quieter edge of a city, you’re more likely to see downsizing aged tenants while a three bedroom house with a yard will be more appealing to parents with children and a trendy loft near a college or shopping center will probably draw a younger crowd. Consider who you will enjoy renting to when choosing your property.
7. Landlord or Property Manager?
One of the biggest questions to ask yourself is whether or not you will be the acting landlord. The answer is almost more of a checklist, though the final decision is always yours to make. If you live near the investment property, are great at performing repairs, and have time to respond to renter problems when they arise, you could have some of fun serving as a landlord for a few years. However, the investment property is far away, you’re not great at repairs, or you don’t have time to deal with renters, hiring a property manager instead often pays for itself in saved fees, regular maintenance, well-managed tenants.
8. What is Your Maintenance Schedule and Costs?
Every home has a maintenance schedule and a number of things that need to be kept up every year in order to keep the home in top condition. Flushing the water heater, inspecting the roof, clearing the gutters, and so on are all officially your responsibility. Make a maintenance calendar with reminders and calculate the approximate costs of each maintenance task or talk to your property manager about their maintenance policies so you know that everything will be taken care of.
9. What is Your Estimated Overhead and Profit Margin?
Now balance the income of a reasonable rent for the property against the costs of the mortgage, regular maintenance, a repairs budget, and possibly a property manager’s salary. This will tell you what your overhead is (all the costs) and your final profit margin, which is what’s left when you subtract all the costs from the rent. If there’s not a lot left, don’t sweat it. You’ll find better quotes and get more efficient over time. Then, when the mortgage is paid off, that entire chunk of costs automatically transfers to profits for a great retirement plan.
10. Are You Prepared for the Responsibility?
Owning an investment property and renting to tenants is, admittedly, a big responsibility. You’re in charge of keeping someone else’s home safe, supportive, and protective. You need to respond if your tenants call for help or repairs and be ready to act immediately if the home somehow becomes unsafe. Not to mention your responsibility to properly maintain your own financial investments. If all of this still sounds wonderful and exciting, then you are in the right mindset to find your first investment property.
For more great tips and tricks on how to be a great investment property owner, contact us today!
Buying investment property is one of the number one ways to build your personal net worth, get into the real estate game, and start a personal business without all the hassle of a store front and customers. Investment property, done well, is a great way to create a little mostly-passive income and connect with other locals who aren’t yet ready to buy their own home. Whether you’re looking to buy your very first rentvesting property to climb the real estate ladder to your dream house or you’re looking to expand your real estate assets to your first investment property, there are a few questions you should ask yourself before closing the deal on an investment property home. Most importantly, you need to understand the financial situation you’re getting into, be prepared for the responsibilities involved in being a landlord, and have a plan for how your investment property will remain financially self-supporting.
1. Are You Prepared for Higher Interest Rates?
Mortgage lenders have their own way of looking at things and weigh every lending decision based on what they see as a combination of risk and potential reward. The private calculations made by cautious lenders have indicated that owner-occupants are less risky than investment property, therefore investment property purchases tend to also come with higher mortgage interest rates. If you’re trying to do your financial calculations early, remember that most of the quoted rates are based on the assumption that you’re buying a residence to live in personally. Talk to lenders individually to get an accurate investment property interest rate before making any plans.
2. Do You Have a 20 Percent Downpayment?
While it is possible to get a mortgage with less than a 20% downpayment, it’s not advisable. The more downpayment you have ready, the lower your interest rate can go meaning a lower overall cost and lower monthly payments. If you’re going to do something as big as buy investment property, it’s worth your while to save up the full 20 percent in order to get a more sustainable mortgage.
3. Will the Rent Cover Mortgage and Some?
When choosing a specific home to buy, it’s vital that you calculate mortgage and expenses versus what you can reasonably charge for rent. Rent should be based on a combination of average rent in the neighborhood along with the size and quality of the home. Ideally, the amount you charge for rent will not only cover monthly mortgage payments. For the home to pay for itself, you also need to be able to put aside some extra rent money for regularly scheduled maintenance and the occasional necessary repairs.
4. Can You Rent ‘As Is’?
For your first investment property, do not choose a fixer-upper unless you are an expert home construction professional or know one who will work inexpensively for you. Look for nice quality homes well within your price range that can be rented ‘as is’ or with just a little cleaning. Whatever you do, don’t forget to hire an inspector to thoroughly examine the home and assure you that there are no lurking enormous repair bills in your future. Make sure to check on things like the HVAC and water heater to see if they will need replacing and calculate that into the costs.
Of course, being financially and strategically prepared to handle the house is only the beginning of finding the right investment property. Join us in the second half of this two-part series where we’ll cover how to ensure that the home you choose is appealing to the kind of renters you want. For more information about choosing an investment property and being a great landlord, contact us today!
Every now and then, someone winds up owning a home they have no intention of living in. Maybe it’s your old house and you have since bought something better, perhaps you inherited it from a recently passed loved one, or you might have bought it as a vacation property and just never get the time off you intended. For whatever the reason you have a spare residential property, there’s no need to sell!
If you just did a double-take, we’re not surprised. You’re probably getting advice from every direction to sell, sell, sell but this may not be the best financial choice for you or your family for a number of reasons. Property is an incredibly valuable asset, and not just as something to buy and sell. By simply owning, maintaining, and making good use of your spare home, you could be making a significant amount of nearly passive income each month.
This is Your Investment Property
Investment property is the property you buy in order to make money off of it. The income is usually generated by renting residences to individuals and families. The rent they pay can cover mortgage payments, if any, along with any maintenance and repairs. This not only makes the property completely free to keep in your possession, anything left over is pure profit and passive income for you that comes in every single month. This simple, comfortable landlord mechanic is what draws so many people into quietly buying a collection of homes and building a retirement fund from rental income.
You Can Even Airbnb
In fact, you don’t even have to do things the traditional way, though there are certainly enough professionals and families clamoring for comfortable single-family rental homes. The most popular new trend in investment property is to furnish your property and list it on Airbnb or VRBO as a vacation rental property and book it out nightly to travelers and tourists.
Dodging the Real Estate Hassle of Selling
What may surprise you is that renting is actually a lot easier to do than actually selling the home. Moving property is an incredibly tedious business that requires a lot of dedication from everyone involved. To sell, you’ll need a real estate agent and a lawyer. You’ll need to stage the home, give tours of the home, and haggle over price with every potential buyer who comes by. With renting, the minimum requirements are to have the home cleaned and prepare an appropriate lease.
Landlording Hands-Free with Property Management
While being a landlord does come with some responsibilities like maintenance and repairs and handling emergency situations, there’s also nothing in ‘the rules’ that says you have to do this yourself. If your ideal situation is one that handles itself, simply hire a professional property management service. These pros will ensure that your tenants and the house itself are well taken care of. Most property management services will even handle staging, seeking and screening tenants, security deposit protocols, and cleaning the property between tenants as well as regular maintenance tasks. Great property managers can even add value to a home by improving the property’s quality over time.
Owning an extra residential property is, in fact, an amazing opportunity to start making truly passive income. With a great property management service, you can keep the valuable personal asset at zero cost, give renters a nice home to live in, and collect the monthly profits with absolutely no effort. Why go through the hassle of selling the home for a lump sum when you could guarantee yourself passive income by renting it out instead? For more helpful property management tips, contact us today!
So, you’re planning to move. Maybe you got a new job and the step up means you can move to a bigger home. Or maybe your family is growing and that means you need more room. The opposite may be the case. Your children may be grown now and you want to downsize to something smaller so that it’s less upkeep. Whatever the reasons, it’s always exciting moving to a new home.
You understand that renting out your home is the wisest choice since it gives you a steady stream of income. This offsets your new mortgage – now that’s smart. However, marketing your current home alone is another story. You want to get the best rental amount out of it as possible. The economy is ripe right now. Unemployment is down, consumer confidence is up, surely it’s a good time to get top dollar for rental income. That may be true. However, here are 6 reasons you shouldn’t market your property all on your own but hire a property manager instead.
A property manager has the technological tools to help you rent your property more efficiently. Specialized property management software aids in the speedy rental of your home. In addition, these tools help determine the appropriate price for your rent. That way you don’t undercut yourself. Asking the right amount helps move it fast at the highest rate. Our tools will help determine the best price.
As licensed property managers, we have access to hundreds of rental sites. Our network of rental sites means your home is blasted across multiple sites and seen by more people. We can reach more people with less time and hassle. People from across the country who are relocating to the area will see your home for rent before they would if you try to market the home yourself.
You know the wonderful aspects of your home, all the work you put into it, and the many special touches that make it a great home to rent. A well-written ad highlighting the beauties of your home will gain the attention of viewers. You need not worry about how to word it, property management copywriters have experience in the business of marketing. They will bring out the hidden features of your home you may have overlooked. They know what renters are looking for and what sells.
When it comes time to work a deal, you want top realtors with experience in the field to negotiate the best price for your home. Potential renters tend to take experienced realtors more seriously and are willing to pay what your home is worth. A realtor negotiates the price up whereas when dealing with the homeowner, renters often attempt to get the price down.
You have a busy schedule and marketing a home is a job. You have to meet with people, sometimes with little notice. Most homeowners may not have the extra time to devote to the task. When you put your home in the hands of a property management company, it’s less hassle for you. You can rest easy knowing they are on the job.
When you start a relationship with a property management company, you can continue the relationship and ease the load of renting your home. A management company will take care of the collection, maintenance, and much more. This frees you up to simply sit back and collect the monthly money. It’s a relationship worth developing.
If you are thinking of renting out your home, connect with Property Management Pros. With years of experience, we market your home with ease.
Valentine’s Day is the one day a year that couples celebrate their connection. Dedicating the day to sharing joy and rebuilding connection with your partner in life is a way to celebrate the commitment. Of course, the pressure to make the day memorable adds additional pressure that leads to feeling overwhelmed in planning something amazing. Don’t worry, making Valentine’s Day an amazing adventure that is sure to spark the magic touch is right at your fingertips. Below are some tips to ensure the day shines brightly.
The first stop is JP’s Valentine’s Day dinner and plane ride adventure. Each year, JP’s hosts a Valentine’s BBQ that features dinner, karaoke, and even a plane ride. Cost per couple starts at $179 dollars. They even offer lower rates for couples that just want to join the party atmosphere.
Another adventure to explore is found at the Franklin Park Conservatory and Botanical Garden. The conservatory offers a nature infused adventure to explore and enjoy being a couple. The sights and sounds bring any couple to life with the unexpected. Explore the conservatory and discover the exhibitions, cafe, and hot shop that provides demonstrations by master glass-blowers. In February, the conservatory even offers a hand’s-on cooking demonstration to bring a couple even closer together. Those who cook together, stay together.
German Village is another must see adventure that brings a historic vision to life while strolling hand-in-hand on brick sidewalks. Antique shops, water fountains, and beautiful historic homes will capture your attention. However, German Village also boasts of one of Columbia’s top ten restaurants, Lindsey’s. Enjoy the romantic New York bistro cuisine while sitting among white linen and hardwood floors. Sure to make any Valentine’s Day special.
For those couples looking for an overnight retreat, Ravenwood Castle is a must. Come explore a romantic getaway where every room is a new adventure. At Ravenwood Castle you can stay in King Arthur’s Suite, Rapunzel’s Tower, or even The Duke’s Dungeon. Each room will take your retreat to another level of fun and adventure. They offer an on site dining option; however, many other fine restaurants are also available in the area.
If a couple is looking forward to stepping away from life for a moment to just enjoy being together, Hideaway Country Inn is the perfect spot. Imagine playing a life-sized game of chess or relaxing in a hammock built for two. They offer romantic packages guaranteed to bring back a spark to your relationship. Many of these packages offer couples massage therapy, romantic meals, roses, and extended check-out hours so you can linger in your retreat. If your goal is to completely infuse a relationship with romance and playful banter, then Hideaway Country Inn is a great choice.
For the wine connoisseur couple, Columbus Ohio offers a wide range of wineries that offer venues for couples to enjoy relaxing together while sharing their passion for wine. You can either find your favorite winery and linger or explore the many options nearby. Some of the wineries even offer dining options.
Now perhaps enjoying an exquisite steak in a fine atmosphere is more appealing to your Valentine’s Day pallet. Columbus offers an excellent range of fine dining to fulfill that need. The Top Steak House, The Claremont, Eddie’s Merlot, and Mitchell’s Steakhouse offer an amazing range of steaks guaranteed to meet the expectations of most steak connoisseurs. However, be sure to make plans because these restaurants are always in high demand.
For the nature enthusiastic couple, the Grange Insurance Audubon Center offers a unique adventure to explore the outdoors. Bring a romantic lunch to share and spend the day looking for birds and walking along trails designed to relax.
Many options are available in Columbus to make your Valentine’s Day memorial and enjoyable. Be creative, think about what you most want to achieve during your special day, then dazzle your significant other with your thoughtfulness in finding a memorable, romantic way to spend the day. For more tips contact us.