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Posted by Stacey West on 8/9/2019

After a massive investment in real estate, the next step is managing your property investment effectively. As a property owner, there are some specific management requirements that you must consider. Here are some tips to follow for successful property management.

Take the Maintenance Seriously 

Keeping up with your maintenance is one of the most important things that you should. It is essential to do so because you are legally responsible for the responsible for making the house safe for habitation. That is, you should keep the areas of the home in a good state, and provide a place for the tenant to throw their garbage. A poorly maintained property will not be attractive to prospective tenants. People will not be willing to stay in a pest-infested house with plumbing issues.

Avoid Tenant Turnover

It is essential to keep your tenants happy so they will not have any cause to consider another house due to inconvenience, negligence, or other issues. What you can do to keep your tenant satisfied is simple; responding to repair request is one of the ways to make them happy. Also, make sure you go for other good tenants. One of the reasons most tenants relocate is that they are not in good terms with their neighbors; hence, you have to be cautious in this area. You can weed out the bad tenants by putting strict tenant screening procedures in place. 

Do not disobey the Landlord Tenant Law 

The law gives you a structure to follow, which will streamline your management process and make you avoid some mistakes. For instance, you will be familiar with the rules of the amount to collect a security deposit and when you should return the money. Furthermore, the law will provide you with a tenant evicting process and what can make you evict a tenant in your state. You need to get yourself acquainted with the statewide landlord rules and also check your local town for any new laws.

Hiring a Property Manager

Sometimes, the task of managing a property can be overwhelming. You can consider hiring a property manager. Hiring a property manager is not cheap, and it is a critical decision; hence, you need to be sure of your financial standing before making your decision. Also, you have to remember that there are bad eggs among the property managers that can destroy your rental property; therefore, you need to screen them thoroughly before hiring. 

Having a property manager will ensure that you can get the best from your property and investment.





Posted by Stacey West on 8/2/2019

You dream of warmer weather and the fun you can have in a pool. All types of pools can provide fun summer memories. City, community or backyard pools are places to cool off and play in the warm sunshine. Some of these pools have diving boards or water slides. More creative pools have separate areas for each ability levels to access the pool areas that may include splash pads or waterspouts. Today's pool designs are only limited by the imagination. Designing your dream backyard may consist of a custom designed pool. What would you include?

You can watch pool designer shows that can give you ideas for your dream pool. Pinterest is a wonderful resource to research exceptionally unique pool features. Depending on the area available to build the pool you can add all sorts of features to the pool design itself. Grottos are caves that can make pool time an adventure for mermaids and pirates alike. The layout can incorporate a war bar or seating area within the grotto. Waterfalls are a favorite feature and can help with water circulation and feed a fun waterslide if you desire. What designers call a beach walk in or zero walk-in entry to allow all ages and ability level entry into the water.

Pool accessories enable you to create an entertainment environment that everyone will want to hang out and play. Lounge chairs are standard, but you can add standing fans the spray light misting water to keep you cool. Large floats with cupholders are useful, but perhaps mounted water guns for that epic water battle are more your speed. There are plenty of options for games like water volleyball or basketball equipment made for use in the pool environment. Maybe hosting a movie night would be something you dream of doing. Large movie screen poolside and guests float in or lounge by the pool. A state-of-the-art sound system can complete any movie experience. 

Providing shady areas for refuge from the blazing sun come in all sorts creative and colorful styles. Cabanas for one or more are great for not only sun shade but for setting up a food and beverage area or a private changing-area for guests. Sun sails are beautiful options to not only add shade over a pool but create architectural interest. Finally, strategically placed umbrellas or awnings can make for excellent gathering places around the pool to enjoy.

Check with your realtor for information on homes with room to build your dream pool playground.




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Posted by Stacey West on 7/26/2019

Itís a difficult time to be a first-time home buyer. Post-recession buyers are wary--and for good reason--of how and when to save money for a down payment on a house. One thing to remember, however, is that itís always a good time to start saving.

In this article, weíre going to cover the four most useful methods of saving for a down payment on your first home. That way you can feel confident in taking the first and most important step toward homeownership.

Choosing the right savings account


Unlike riskier investments, a savings account is a safe and proven way of building interest and saving for a home. However, not all savings accounts are created equal.

Typically, brick and mortar banks offer interest rates that are low--the current national average is only about 0.06% annually. While these banks offer conveniences such as in-network ATMs and check-cashing, their physical locations make them expensive to run.

Enter the online bank. Since online banks donít have all of the costs associated with running branches, they can afford to offer better rewards--namely, high-interest returns on your savings accounts.

So, should you take all of your money out of your current savings account and transfer it to an online bank? Maybe. But letís talk about the benefits of having multiple savings accounts.

Open a dedicated account with automatic deposits

Saving isnít just difficult due to financial reasons. Managing money also takes time and effort. To simplify this process, itís preferable to direct deposit or automatically transfer a percentage of your weekly income into your down payment savings account.

While it may seem like pinching pennies at first, even small weekly deposits add up, and within a few years the compounding interest can earn you enough for a higher down payment than you thought possible.

Prioritize high-interest debt now

Have student debt or a car loan thatís keeping you from focusing on saving for a down payment? Oftentimes the best coarse of action is to aggressively pay off high-interest loans. In the long term, this will save you money that can then be used toward a down payment.

For debt that will take several years to pay off, consider refinancing for a lower interest rate, or consolidating your student loans. Speaking with a student loan adviser or financial planner is a good first step to take toward managing your debt.

Make a real budget

Most of us think of a verb when we hear the word ďbudget.Ē However, itís more useful as a noun.

Creating a real budget, whether itís in Excel, Google Sheets, or with the help of an app, having a budget you can refer to once a week is vital to making good savings decisions. It will help you monitor your spending and stay on top of your savings goals.





Posted by Stacey West on 7/19/2019

Setting up and completing a home inspection may seem like a long, arduous process. However, an inspection is a must-have for any homebuyer, at any time.

With a comprehensive home inspection, you can identify any potential problems with a house. And if you don't like what you find in an inspection report, you can always ask a home seller to complete improvements or reduce his or her asking price. Or, if you prefer, you can walk away from a home sale altogether.

Ultimately, there are several steps that you'll want to follow to conduct a home inspection, and these are:

1. Find an Expert Home Inspector

When it comes to a home purchase, there is no need to leave anything to chance. Fortunately, if you hire an expert home inspector, you can avoid the risk of missing possible issues during a home inspection.

Not all home inspectors are created equal, so you'll want to evaluate all of the options at your disposal.

To kick off your search for a home inspector, browse the web. This will enable you to find dozens of home inspectors in your area and assess online client reviews.

Also, don't hesitate to ask a home inspector for client referrals. If you obtain client referrals, you can better understand whether a home inspector can match or exceed your expectations.

2. Attend Your Home Inspection

Although homebuyers are not required to attend a home inspection, it generally is a good idea to walk with a home inspector as he or she examines your residence. By doing so, you may be able to gain home insights that might not be included in a home inspection report.

A home inspector may notice home problems that range from minor to severe. The inspector's job is to identify a problem and include it in a home inspection report.

If you attend a home inspection, an inspector may be able to provide you information about potential home problems, along with an estimate about how much assorted home repairs may cost. That way, you are better equipped than ever before to determine whether potential home problems could deter you from buying a house.

3. Evaluate the Home Inspection Report

A home inspection report can play a key role in the homebuying process. If you evaluate this report closely, you can learn about a home's strengths and weaknesses and decide whether to proceed with a home purchase.

If you have questions regarding a home inspection report, you can always follow-up with the inspector that provided the assessment. This will allow you to obtain the insights that you need to make an informed homebuying decision.

Lastly, it certainly helps to collaborate with a real estate agent before, during and after a home inspection. A real estate agent will guide you along the homebuying process and ensure that you can get the best possible results.

Follow the aforementioned steps, and you should have no trouble conducting a home inspection.





Posted by Stacey West on 7/12/2019

When selling a home, most sellers are eager to sell quickly. Especially when living out of their home while simultaneously showing it. One of the biggest determinant factors for house shoppers right now is the staging. Whether they recognize it or not the atmosphere you create within your house helps buyers imagine themselves living their day to day within its walls. It creates a canvas for them to dream up all the memories they will create in their new home.

But keeping your home staging level clean and organized at all times while living out of it isnít the easiest of tasks. Afterall, thereís a reason all of our homes donít look like the inside pages of a home decor magazine.

If you want to put your homeís best ďfootĒ forward, however, it, literally, pays to put in the time and effort to live differently for a few weeks.

Here are a few tips on how to get your house show-room ready:

Start with a deep clean. Some people like to hire a cleaning company to come in and do the job for them. But thereís no reason you canít get the same results on your own. Plan to dedicate a week to clean your home top to bottom and a whole lotta elbow grease to get every nook and cranny.

Give your home a facelift. Repaint your walls, rent a carpet cleaner (or hire a service) and power wash the exterior. When repainting considers switching to a modern, neutral color palette to appeal to prospective buyers.    

Declutter, declutter, declutter! This is a step many sellers dread but is so worth the effort. Donate and get rid of everything you no longer use or need. When youíre finished go the extra step and rent a storage unit to stash away extra furniture, off-season items, and family mementos.

You want to create as much space in your home as possible. Taking a minimalist approach that strips your unique personality from the decor allows potential buyers to see how the house can become theirs. You donít want to distract buyers and have them wonder about what kind of people you and your family are. Additionally, keep closets, drawers, and cabinets tidy because they will get opened! And keep desk and counter surfaces clear of paperwork and other stuff we always seem to allow to accumulate in these spaces.

Add greenery. Potted plants and fresh cut blooms will be like the icing on the cake. This is always what makes the biggest difference in making a room feel pulled together and comfortable. If youíve ever flipped through the pages of a home decor magazine you may have noticed this is a trick they use in all of the rooms they showcase.

Living out of your home while showing it isnít a walk in the park, but it can be easy if you are prepared ahead of time. These simple tips will put you ahead of the competition and have bidders in no time!




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