3 Options for Managing Your Investment Property

When it comes to managing an investment property, you basically have three options. Today, I'll explain the major advantages of these three options.

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There are three things you should look for in managing an investment property. Should you manage the investment property yourself or use a property management company? You can manage the property by yourself, but let me tell you, it takes a lot of time. Make sure you have both the temperament and time if you plan to do it on your own. So what about hiring a property management company? The great thing about hiring a company is that they know property management laws and tenant-owner relationships. They can manage security deposits (which have to be managed in a certain way) and can take care of credit reports and evictions if they need to.

Property management companies can handle deposits, credit checks, and evictions.

You can also hire individual property managers. If you work with an individual property manager, check their references to make sure it's not the first time they've managed property. 

If you have any questions about the best way to manage an investment property, give me a call or send me an email. I'd be happy to help!

Use These 3 Steps to Ensure a Smooth Home Purchase

If you’re thinking about buying your first home in 2017, make sure you do these three things first.

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If you’re looking to buy your first home in 2017, there are a few steps you should take in preparation. I’ll go over those today. First, you need to hire the right real estate agent. You might run into some uncomfortable situations if you work with a family member or a friend, so I recommend choosing an experienced agent who’s only objective is to represent your home purchase. Also, an experienced agent can help you find homes that might not even be listed on the market. Furthermore, the right agent is going to be able to negotiate in your favor to ensure you get the best deal on a home. Second, don’t be afraid to talk to multiple lenders. Some lenders’ rates might be better than others, or they might match each other. Either way, talking to multiple lenders can only benefit you. Also, if you are going to get a VA loan, make sure the lender you choose is experienced in dealing with that specific type of loan.

The right agent is going to be able to negotiate in your favor to ensure you get the best deal on a home.

Last but not least, mind your credit. Credit scores are incredibly important because a lender is going to base the interest rate you get for your mortgage off them. There are also going to be credit checks when you go to put insurance on your home. 

There are a few other tips, so if you would like to hear about them or if you have any other real estate related questions, feel free to give me a call or send me an email. I would be more than happy to help.