Whether you have one investment property, or 10, or more, you’re an investor. There is a lot of valuable information for you to know. The more you know, the better decisions you can make.
All things on earth have a life expectancy – people, buildings, clothing, food, etc. All the parts of an investment property have a life expectancy as well. A building can last for years, even centuries, while you may have to replace that dishwasher next year or in ten years.
One of the most difficult tasks for a property manager and/or owner can be refunding the tenant’s security deposit to everyone’s satisfaction. Any property manager (or owner) is elated when they can issue a full refund because the tenant has left the property in excellent condition, complied with their rental agreement, and paid their rent
A water heater is an important element in an investment property. Lack of a working heater is a serious liability for an investor. Therefore, it is important to either quickly repair or replace a water heater when there is a problem. Most judges do not accept excuses for unnecessary delays and there have been many
House rental rates rising in San Antonio, across the country. The median rental rate for a home in the San Antonio metropolitan area is $1,299, a 4.3 percent increase over this time last year. Now is not the time to liquidate your rental investment, now is the time to invest in more inventory. Source: http://www.bizjournals.com/sanantonio/news/2015/02/23/house-rental-rates-rising-in-san-antonio-across.html
With the current sales market in San Antonio and the decrease in foreclosures, buying an investment property may be a good choice for your financial portfolio. There are items you will want to review before making a purchase. Compare property values and rents Check out the area property values and compare them against the property