The best piece of advice I can give to multi-family property owners regarding the operations of their investment property is to keep it as simplest as possible. In order to do this the property owner must adopt a uniform policy of daily operating actives & upkeep. In other words the owner should try and keep everything the same throughout the … Read More
Before You Decide To Sell An Investment Property
Before you decide to sell your investment property it’s crucial for you to gather up certain documents & information regarding the property. These documents will help a licensed Real Estate Broker to determine what a property can realistically sell for based on a investor’s point of view. Besides that, any experienced buyer will ask for basic information regarding operating expenses … Read More
Providing Excellent Customer Service
I’m surprised every time a new client tells me that “We were the only Real Estate company to answer the telephone.” It never ceases to amaze me. Not answering a telephone or email inquiry says a lot about the Real Estate Company and the people operating it. If they cannot answer a simple telephone call to begin with what will … Read More
Before you Invest
There are some things every Real Estate investor must consider before purchasing a potential investment property. 1. What are the average rental rates in the area? 2. Size of the property? Unit size? 3. What are the overall conditions of the property? Is remodeling required? 4. Does the property have Central AC? 5. Is there room for improving the the … Read More
Happy New Year!
Its time to ask yourself “Is my investment property running at maximum efficiency?” -Are all tenants paying rent on time? -Are utility expenses out of control? -Can any capital improvements be made? Start your investment property off on the right foot in 2015 by taking a look at what can be improved. Until Next Time, Donald Karney III, Broker/Owner
The Importance of Tenant Screening
n this day and age it’s hard to judge a book by its cover. The same can be said for any prospective tenant looking to lease one of your apartments. The best way to prevent problematic tenants in the future is to avoid them altogether. To do this landlords should always require any prospective tenant to undergo a cursory background … Read More
Who Should Pay The Utilities?
he answer to this question depends on the type of property you own. Smaller multi-unit apartment buildings tend to have a separate power meter for each unit but only one water meter & garbage account for the entire property. In that instance the owner would pay for the water & garbage and the tenant would pay for the power. There … Read More