Basics of Property Management: Screening Potential Tenants
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Buying Your First Home? Don't Make These 3 Mistakes That Can Cost You Money
Buying a home will certainly be the biggest purchase you'll ever make in your life, and that first home will introduce a variety of things you'll be thinking about for the very first time. It can cause a first time homebuyer to make mistakes along the way, and end up regretting them after they move into the home and realize what they did. Don't make any of these mistakes the first time you make that big purchase and can end up costing you money.
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The Advantages of Hiring a Property Manager for Your Rental Properties
Whether you are a landlord to only one property or have several of them, you may want to take into account all of the advantages that would come from hiring a property manager. When you understand what the property manager would do for you on your behalf, you will understand why you will want to hire one. Handles the Collection of Late Payments It is easy to deal with the rent payments that come in on time.
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Financial Considerations For Buying A Home As An Entrepreneur
When you're an entrepreneur, you already know the importance of hard work and budgeting. If you're planning to buy your first home in the future, a number of financial considerations will make the process easier for you. It's important to keep these concepts in mind well before you begin looking for a home to buy, as they aren't things that you can accomplish overnight. Here are some things to think about before you buy a home as an entrepreneur.
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Take These Photos To Illustrate Your Plot Of Land For Sale
An online real estate listing for a residence relies upon a selection of carefully taken photos to make the home come to life for prospective buyers. When you're selling a plot of land, it's easy to dismiss the value of photos by simply saying that "land is land." However, you're doing your listing a disservice if you omit photos or simply take a general photo that shows your lot. Before your listing goes live online, take the time to capture these photos — or hire a professional photographer to do so for you — that can help reveal the important details about your land.
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4 Common Mistakes First-Time Home Buyers Need To Avoid
Buying your first home can be exhilarating, but when you're inexperienced in making real estate transactions, you may be prone to making some mistakes. Being a new buyer can be confusing and stressful at times, but if you are prepared, things are more likely to go smoothly. If you plan on buying your first home this year, avoid the following common mistakes: Not Getting Pre-Approved for a Mortgage Most first-time home buyers do not have the funds to pay for a home in full with cash, so a mortgage loan is needed.
For the last several years, I've used a property management firm to help with my rental properties. One of the tasks that they handle for me is screening applicants who would like to move into one of my vacant units. Their expertise has helped me lower my tenant turnover and find people who want to stay with me for years. Part of the process is a tenant screening credit check. Before any further contact takes place, my manager orders credit reports from at least two agencies. That is enough to tell us if an applicant is a good financial risk. Assuming the references work out, I meet the candidate and make the final decision. If you own rental properties, let me tell you more about the benefits of having a property manager. I'm betting you'll find this type of arrangement will work for you too.