Once you own property in a great location, it is important to maximize the value of this location by maintaining the property. You should always strive to keep your property in the upper half of the neighborhood as far as appearance. You never want to be that property that people talk about as being an eyesore and lowering property values.
While you do not have to have the best looking property in the neighborhood, aim to maintain a property that adds to the neighborhood's charm and is consistent with or better maintained than your immediate neighbors. This will also help you build a better relationship with your neighbors.
Most landlords and rental property owners will at some point be faced with a bad tenant, or have horror stories to share about other owners who have been put through the ringer by a less than ideal renter.
While there is no surefire secret to avoiding bad tenants altogether, there are some property management rules that you can follow to lower the likelihood that you will experience this unfavorable situation. In addition to knowing and following all fair housing laws and rules — and properly screening all of your potential renters — here are six things you can do to hopefully avoid your own horror stories.
While many people consider real estate investment something that only ‘rich people’ or ‘real estate’ people do, investing in real estate can be a wise financial option for anyone. The Grand Rapids property management experts at S&G properties know firsthand that many real estate investors are average people who have recognized the many potential financial benefits of owning property.
We often hear about management systems at conventions, but we seldom hear about what kind of person it takes to succeed within those systems. In most cases, there is not much difference from one system to the next. What sets one company apart from another is their understanding that property management is an art as much as it is a science.
Like many types of insurance, renters insurance can often be confusing to understand — making it difficult to decide whether you need it or not. Many renters have encountered situations where they lost everything simply because their personal property was not covered.
While insurance can be expensive and seem like a waste when you do not use it — it can be even more expensive to lose your valuable possessions if you are not properly covered. Hopefully, the information we have provided here will help you to feel more confident about your decision to purchase renters insurance.