• Tips for First-Time Landlords Tips for First-Time Landlords

    0 comments / Posted on by Steven Rivera

    Tips for First-Time Landlords

    Hello to all you first time landlords!  We have comprised our top 8 tips for new landlords and our hope is that this article will educate you so that you don’t make the same common mistakes that most new landlords make.

    1. Make Rent the Priority

    Rent is your revenue. It’s amazing how many landlords are not aggressive in pursuing rent and late charges. It’s sometimes a good idea to work with people who generally need help … if they communicate with you.  But if your tenants just stop paying rent and ignoring your calls or texts, you need to start eviction proceedings. Otherwise, your tenant could be six months behind on rent before you know it, which makes this probably the most important of all the landlord tips.

    2. Partner With The Right Investor

    We have amazing business partners who are completely honest and transparent, two qualities that are absolutely critical when choosing your business partners. For some reason, some new landlords are very willing to partner with somebody they barely know just because a deal looks good. This is usually a mistake.
    The first time we invested, we chose a business partner who we have known for over ten years and this is why we felt comfortable doing a business transaction together. We are not saying that you need to know someone for that long period of time but what we are saying is that you definitely need to do your due diligence before investing with someone for the first time...

    Hello to all you first time landlords!  We have comprised our top 8 tips for new landlords and our hope is that this article will educate you so that you don’t make the same common mistakes that most new landlords make.

    1. Make Rent the Priority

    Rent is your revenue. It’s amazing how many landlords are not aggressive in pursuing rent and late charges. It’s sometimes a good idea to work with people who generally need help … if they communicate with you.  But if your tenants just stop paying rent and ignoring your calls or texts, you need to start eviction proceedings. Otherwise, your tenant could be six months behind on rent before you know it, which makes this probably the most important of all the landlord tips.

    2. Partner With The Right Investor

    We have amazing business partners who are completely honest and transparent, two qualities that are absolutely critical when choosing your business partners. For some reason, some new landlords are very willing to partner with somebody they barely know just because a deal looks good. This is usually a mistake.
    The first time we invested, we chose a business partner who we have known for over ten years and this is why we felt comfortable doing a business transaction together. We are not saying that you need to know someone for that long period of time but what we are saying is that you definitely need to do your due diligence before investing with someone for the first time...

    Read more

  • House Hunting Can Be Fun House Hunting Can Be Fun

    0 comments / Posted on by Steven Rivera

    House Hunting Can Be Fun

    Associating house hunting with fun can be considered to be an oxymoron but by following a few simple tips to stay organized in the process it can turn out to be a lot of fun. Keeping tabs on the properties you’ve viewed can streamline the process and actually give you enjoyment in one of the most important decisions of your life; your first home purchase.

    List your Must Haves

    As you make your list of must-haves for your property, start with the basics: square footage, bedrooms, bathrooms, storage space, etc. Then expand on your list to include the amenities that you want: a garden, a den, a basement, countertop type, etc. Not only can this list help you stay on track during your house hunting, your real estate agent will use this information to find homes that meet your needs. You can use Pinterest to help you organize notes and photos for the must haves that excite you.

    Browse the Neighborhood

    Once you’ve narrowed down the neighborhood, spend some time checking it out. The only way to know if its the right fit for you would be to take a stroll, spend some time in town and possibly a bite to eat. Go for a walk, talk with the locals, and patronize some of the local stores - that will give you a good feel. A good idea would be to grab some lunch nearby after the open house to get a vibe for the area. Truly immersing yourself in the culture and...

    Associating house hunting with fun can be considered to be an oxymoron but by following a few simple tips to stay organized in the process it can turn out to be a lot of fun. Keeping tabs on the properties you’ve viewed can streamline the process and actually give you enjoyment in one of the most important decisions of your life; your first home purchase.

    List your Must Haves

    As you make your list of must-haves for your property, start with the basics: square footage, bedrooms, bathrooms, storage space, etc. Then expand on your list to include the amenities that you want: a garden, a den, a basement, countertop type, etc. Not only can this list help you stay on track during your house hunting, your real estate agent will use this information to find homes that meet your needs. You can use Pinterest to help you organize notes and photos for the must haves that excite you.

    Browse the Neighborhood

    Once you’ve narrowed down the neighborhood, spend some time checking it out. The only way to know if its the right fit for you would be to take a stroll, spend some time in town and possibly a bite to eat. Go for a walk, talk with the locals, and patronize some of the local stores - that will give you a good feel. A good idea would be to grab some lunch nearby after the open house to get a vibe for the area. Truly immersing yourself in the culture and...

    Read more