Posts Tagged ‘tenants’

Find High Quality Tenants And Keep Them At A Property Indefinitely

Wednesday, May 6th, 2015

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One of the hardest aspects of the rental property business is keeping a property full of high quality tenants. Those investors who develop a system in order to keep high quality tenants flowing into a rental property are able to earn the greatest positive cash flow on their investment. Here we will go over the process of screening tenants and keeping them at a property.

In order to find high quality tenants, investors need to make sure that their rental property is attractive overall. Those who put effort into their overall appeal and continue to stay up to date on maintenance issues will have no problem reeling in tenants. At this point, real estate investors who own rental property simply need to advertise a property throughout the market in order to receive plenty of rental applications.

One of the biggest factors to securing high quality tenants is based around a tenant-screening program.  Those investors who only accept the best tenants on the market and have a good idea of who they are doing business with will be able to earn the greatest profit. Investors who develop a system in order to screen tenants should find that they onlyaccept the best. Some real estate investors choose to hire an outside company to handle this tenant screening process, but either way, the end result should be the same.

Investors who are able to secure high quality tenants through their comprehensive screening process should do everything they can to retain these individuals at a property. Keeping these tenants happy is imperative and investors need to continue to stay up to date on the maintenance in order to impress them. When these tenants have questions or concerns, real estate investors should answer them quickly and do everything they can to satisfy these individuals.

All in all, rental property is one of the best investments available, but is only profitable to those who understand what they are doing. A big part of earning a solid profit with investment property is handling tenant issues with care.Since tenants are an investor’s income source, they must be treated with respect in order to keep them loyal to a property.  Those who end up with the best tenants on the market will be able to earn the greatest profit in this business.

Investors who are able to find high quality tenants and keep them at a property for numerous years will be able to earn the greatest profit.

Asking questions with these tips in mind will help save real estate investors thousands.  For more ideas related to real estate investing, call or visit us a Homevestorsfranchise.com.  We are the nation’s number one home buying franchise with over 15 years of experience.  Our company has a vast assortment of real estate investment and real estate franchise opportunities available to help you grow your real estate business.  Come see us for more information.

HomeVestors Focuses On Purchasing A Rental Property When Interest Rates Are Low

Thursday, April 30th, 2015

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Investors who purchase a rental property while mortgage interest rates are low and rental rates are increasing should be able to turn a profit. 

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.  The company knows that rental rates are up 15% nationally over the last five years and are expected to continue to climb as we move into 2016.  Those investors who end up purchasing a rental property will be able to take advantage of this, while capitalizing on low mortgage interest rates at the same time.

While rental rates have increased a significant amount over the last five years, expect that these increases will continue, as the rental property market becomes more and more competitive.  Those investors who end up purchasing a rental property quickly should also take advantage of low mortgage interest rates, enabling them to profit to the greatest degree.

Investors who are interested in purchasing a rental property should look throughout the market for the most ideal region.  Those who purchase a rental property in a growing section of the country should be able to capitalize on a large variety of factors.  These areas are likely to improve economically, while population continues to escalate.  Investors who are located in such an area will be able to take advantage of the growth and increasing rental rates on a consistent basis.

Investors who are able to increase rental rates on a consistent basis, while keeping their property full of tenants will be able to earn the greatest positive cash flow.  These investors will also be able take advantage of property appreciation in these areas.  Those investors who end up purchasing a rental property in 2015 should have a good understanding of everything that is currently in their favor.

Before purchasing a rental property, investors should consider the fastest growing cities in the nation and look for the one that is likely to continue its economic ascent.  These regions are clearly defined and those investors who are willing to scout out these areas should find what they are looking for.  Those investors who are able to capitalize on such a city should find that they end up earning the greatest profit, while capitalizing on leverage.

Investors who end up purchasing a rental property in an area that is increasing in value should see their rental rates increase over the course of 2015 and beyond, while taking full advantage of low mortgage interest rates.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

Follow A Checklist When Purchasing A Rental Property

Thursday, April 30th, 2015

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Real estate investors who are considering purchasing a rental property should make sure that they have their I’s dotted and T’s crossed.  In other words, these investors should have a good understanding of the entire process.  Those who take the time to follow a checklist of sorts when searching for the most ideal rental property will likely be able to capitalize on the results.  Here we will go over how to judge a rental property and decide its worthiness.

The first factor to consider when making a checklist and purchasing rental property is the area a property is located in.  Those who end up purchasing an investment in a growing area with a large number of available tenants should be able to take full advantage of what their investment offers.  These regions are likely to increase in value and an investor can raise rental rates accordingly.

The second factor to check off before purchasing a rental property is the condition of the property itself.  Those who end up purchasing a property that doesn’t need a large-scale rehab should be able to move quickly and secure a tenant within the first couple of months.  Those who do so will be able to earn a consistent cash flow and won’t have to worry about performing large-scale maintenance issues.

Before purchasing a rental property, an investor has to verify the condition it is in.  When performing this feat, hire professional help, including a professional inspector in order to have a solid understanding of the investment being considered.  A professional inspection should provide an investor with a complete understanding of all the major systems and allow them to base their buying decision on concrete evidence.

Before purchasing a rental property, an investor should make sure that it is profitable in theory.  Those who are able to analyze a property through a cash flow analysis should be able to determine the quality of the investment.  When performing this cash flow analysis, it is important to have it verified by a number of sources in order to be sure it is accurate.

The final aspect to consider before purchasing a rental property is the seller of such an investment.  Those who are willing to negotiate an offer and give an investor a bit of leeway should be considered.  The best way to ensure this is to work with a desperate seller who is in a position where they need to sell their property in a short period of time.

Investors who stick to a checklist when purchasing a rental property should end up with a profitable investment.

Asking questions with these tips in mind will help save real estate investors thousands.  For more ideas related to real estate investing, call or visit us a Homevestorsfranchise.com.  We are the nation’s number one home buying franchise with over 15 years of experience.  Our company has a vast assortment of real estate investment and real estate franchise opportunities available to help you grow your real estate business.  Come see us for more information.

HomeVestors Realizes That Investors Should Avoid Areas That Are Declining In Population

Wednesday, April 29th, 2015

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Real estate investors who avoid areas that are declining in population should instead look for a real estate investment in an area with improving economic factors. 

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.  The company knows that real estate investors who want to earn the greatest profit should avoid areas that are declining in population.  While real estate investors might be attracted to such areas due to their low property values, those who take a bigger look at the economic scenario in such cities should be able to obtain an understanding of the future of such a region.  In other words, real estate investors should only consider regions that are improving economically and have a strong population influx when looking for an investment property.

Real estate investors who are considering investing in an area that is declining in population should reconsider their pursuit.  While many real estate investors generally choose to invest in their home area, they should only do so if this area is improving economically.  As people move out of the area, property values will generally decrease and rental rates will follow accordingly. As such, the population influx should be one barometer for the strength of an investment.

Those investors who want to avoid areas that are declining in population should do so even if these areas are extremely attractive from a property value standpoint.  The truth is that areas like this are bound to depreciate in value even more, as more people leave the area.  As such, investors shouldn’t be blinded by current property values and should focus on the future of a market when making an investment decision.

The reason that many investors end up investing in an area that is declining in population is because cap rates are generally high in such a region.  However, as more people move out of an area like this, expect the numbers of tenants to decrease.  Those who aren’t able to find tenants in order to fill their rental properties will end up with an investment that ends up costing money.

Those investors who end up purchasing an investment in an area that is declining in population should only do so if their future economic outlook for an area remains positive.  Those investors who believe that an area is likely to become an economic powerhouse in the next couple of years should take full advantage of the current property values in such a market.  Those who are available to capitalize on an investment when property values are at their lowest can take full advantage of appreciation, while this type of market improves in population and value.

Real estate markets that are declining in population and don’t have a promising future outlook should be avoided at all cost.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

Rental Property Problems And How To Deal With Them

Friday, April 24th, 2015

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Anyone who insists that being a rental property investor is all fun and games is simply lying.  Those investors who understand the likely rental property problems they are going to encounter can handle these issues as they present themselves.  While some of these issues can be handled quickly, others are bound to be a thorn in an investor’s side.  Only those who have thick skin and a strong work ethnic are cut out for the rental property field.

Some of the most common rental property problems stem from a faulty rental property and bad tenants.  Those investors who insist on purchasing the best rental property in the best location should be able to handle the first issue.  The investors who want to handle the second issue should set up a comprehensive tenant screening process in order to deal with fewer problems overall and earn a greater positive cash flow.

 In order to avoid rental property problems that stem from the property itself, investors should have an emergency fund set aside and perform the proper maintenance duties.  Those investors who make sure that their property is well maintained are likely to end up with less problems and will impress tenants overall.  Investors who encourage tenants to reveal problems as they materialize will be able to provide a solution within a short period of time.

Investors who want to avoid rental property problems that stem directly from bad tenants should make sure that they choose their tenants with care.  Many real estate investors choose to outsource the tenant screening process to a company that understands how to rate tenants.  Those investors who have well positioned property should find that they are able to increase the number of potential tenants available and be strict with their tenant requirements.

Even investors who have a strict tenant screening process will encounter a few bad apples that still slip through and cause an investor grief.  Those who are able to deal with rental property problems such as these should handle the issue swiftly and precisely.  Investors who have a solid understanding of the eviction process should move forward as necessary in order to remedy the situation.  However, this is generally a last resort option and investors should have the lines of communication open with their tenants in order to remedy problems immediately as they arise.

Investors who can quickly handle rental property problems should be able to earn the most on their investment, while avoiding a great deal of grief.

Asking questions with these tips in mind will help save real estate investors thousands.  For more ideas related to real estate investing, call or visit us a Homevestorsfranchise.com.  We are the nation’s number one home buying franchise with over 15 years of experience.  Our company has a vast assortment of real estate investment and real estate franchise opportunities available to help you grow your real estate business.  Come see us for more information.