When buying an investment property, there are a lot of factors that go into the decisionmaking process. As real estate investors, you’re dedicated to optimizing your passive income—and that means weighing not only the cost of the property from the outset, but weighing its long-term potential.
Topics: investment properties
People pass by abandoned properties every day. You know the type: no one lives there, no one works there. Weeds take over, windows are broken or boarded up and everything falls into disrepair. I am not talking about the run down parts of town either. Every day real estate investors can look in many neighborhoods where the last thing you would expect to find is an abandoned home and yet, right there in the middle of the block is a home with weeds three feet tall and pieces of colored paper taped inside the windows. Those are the notices that the water has been turned off or that a management company has been contacted to look after the property.
Abandoned homes can be found in all cities and in all neighborhoods and the real question becomes, as a real estate investor, what do I do with them? Are abandoned homes a good buy or do they come with their own special set of problems? The answer to all of the questions is going to lie somewhere within each investor and their ability to pick the gems out of the pile of rubble.
Curb appeal is king when it comes to your investment properties. Not only does a great curb appeal help catch the eye of good tenants, but it keeps them happy with their home over time. Spring is a vital time to do some work to spruce up your curb appeal. In fact, if you don’t do some maintenance and landscaping in spring, your curb appeal is likely to suffer the rest of the year. This type of maintenance doesn't have to be painful chore, however; here are a few tips to make it easier.