Tips for Rental Inspections As a Realtor, when I conduct a showing or a walk-through with my client, I am looking for active leaks, ceiling and floor stains, electrical amps, fresh paint, safety concerns (missing railings, trip hazards), adequate space in kitchens and bathrooms, closet space, storage, and most important cleanliness. As a new landlord you should look at your rental unit as if it were a place you would live in. Give it the same inspection you would give to a place you would be interested in renting. It doesn’t have to be top … (2 comments)
renting: OH, I'll Just Rent it Out if I Don't Get My Price! Bad Idea?
- 12/29/16 06:43 AM
Many seller's who have been unsuccessful with selling their home, decide to rent. They see renting as a better option then doing a price reduction. For some this may be a good idea, but for most--not so much! Why? Well below are some questions to ask before deciding to move in that direction. 1. What happens if the tenant stops paying the rent? 2. Do you have an eviction attorney? 3. How much will your homeowners insurance premiums increase because of the liability of a non-owner occupant? 4. Will you allow pets? 5. How will you collect the rent? Mail? In person? Paypal? 6. Will you be … (2 comments)
renting: Buying a home is better than renting
- 12/09/16 09:15 AM
Buying a home can be better than renting in some situations. Overall, I like to say buying over renting, but the statement that "renting is throwing away money" is not necessarily true. Are you shocked that a real estate agent can even utter those words? Well, let me give you three reasons why I believe buying a home can be better than renting in some situations. 1. In order to purchase a home, you must be emotionally ready for this life changing event. Life changing because a lot of your free time will go towards the care and maintenance of your home. … (5 comments)
Just an FYI
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