Drew’s Third Law: If you don’t invest enough to bring the property up to the level of the neighborhood, the property will bring you DOWN to the level of the neighborhood. Many times, when purchasing a rental home at a low price, the home needs a lot of work. For you to get the most […]
Renters, it turns, out, CAN be choosers! Recently we came across this detailed infographic from EZ Living Interiors (http://www.ezlivinginteriors.com/) which dispenses brilliant advice on how renters can put their own style on the residence without being given a telling-off from their landlord. It is a common sentiment amongst renters that not owning a property means […]
Even the best ad in the world can’t save you from a showing agent having a bad hair month. So having followed the suggestions laid out in Parts I and II, you’ve reached the point at which your house looks good, everything is in good repair, you have good pictures, your ad is well-written and […]
If you don’t tell whats wrong with this sentence, start at the 101; OK? When an owner asks you why their property is still on the market after 10, 30, or even 60+ days, it’s easy to pore over a huge number of details looking for the ‘dead giveaway’ that tells you exactly what’s wrong. […]
Did you know you can market wrong before you ever start marketing? You can imagine that every property manager gets this question on a regular basis. And we do! Yet, somehow, there’s not a whole lot of information on the subject out there. So we’re going to give you a short series this month on […]
Number Crunch is like Captain Crunch meets alphabet soup. Only it’s nothing like that at all. The numbers from the first part of this post vary for a lot of reasons, and unfortunately it’s difficult for a DIY landlord to figure out what they’re ‘supposed’ to be. Every season, every neighborhood, every website you can […]
The summer months bring a lot of joy but can also bring some very serious challenges for the property owner as well. From paint-peeling hot weather to tornados and everything in between, there are many things that can cause thousands of dollars in damage, especially for the unprepared. While many of these things cannot be […]
Holla if you played Number Crunchers in elementary school. In modern rental marketing, there are several distinct stages that a person passes through on the way from ‘person who has seen one of your ads’ to ‘signed tenant.’ In modern rental marketing analysis, each transition between those stages is something that can and should be […]
When you have to walk to get food and medicine, having food and medicine within walking distance becomes pretty important. In many of the real estate markets in big cities across the country, walkability is a crucial factor in the urban core. If you can’t get to your grocer, pharmacist, and a few hangouts without […]
Step One: Don’t over-think it. One of the more sensitive issues of landlordery is how to calculate rent amoutns. The struggle between property investors’ desire to make money and tenants’ ability to pay money is constant, and the number of factors it’s possible to take into account is enormous. If you wanted to make the […]