Tenant retention is a necessary goal for any residential real estate investor who wants to be successful, but achieving the best rates takes more than luck. While some vacancies are inevitable, investors who see a trend of tenants who leave instead of extending their lease may need to make some changes in their management practices to help increase the likelihood of retaining good tenants. If you are a residential real estate investor who is having this type of problem with your rental housing units, the following tips can help you make proactive changes that your tenants will notice and appreciate.
Buying a home on Fripp Island gives you access to many of the activities you love. If you are new to buying waterfront property, there are some special considerations that should be taken into account before you decide on a home. To help you get started, here are some questions to ask.
How Private Is the Property?
Privacy is important to most people. With a waterfront property though, there could be limits on how much privacy you are afforded.
If you have came into money and you want to get into the real estate business, and you know that you have the labor skills to put into fixing up a home, you want to meet with a real estate broker. You can talk with a real estate broker about finding some properties that are available at a low cost, but that will need some work to fix up. Since you can do the labor you will be able to save a lot when you fix up the property, and then you will profit when you sell or rent.
When your single family home goes on the sale market and interested buyers are starting to schedule times to see it, you want the interior and exterior of the residence to look their best. One way that you can make these areas stand out is with flowers and plants, which can instantly add a warm and inviting feel to your home. While a vase of freshly cut flowers on the dining room table can often be beneficial, there are several considerations to keep in mind before you take this step.
When it comes to putting your home up for sale, you may be considering doing a few repairs to help get it ready for the market. These repairs may be an additional expense, which means you'll want to determine which repairs are right for getting your home ready to sell. The following considerations can help you to determine which repairs to perform.
Major renovations and repairs can be expensive, so consider coming up with a budget to determine which repairs you can afford.