Retaining good tenants for many years is the best case scenario you can have when renting your apartments. Most people don’t like going through the tenant application process and filling vacancies (I know I certainly don’t!), so what can you do to keep good tenants?
Read Moremile up the road into another neighborhood we frequently walk. It’s an older neighborhood where the homes are filled with character. Beautiful woodwork, hardwood floors and detailed molding- I just love the features of older home, but it does come with a price. It tends to be more expensive in this neighborhood with higher taxes. Often, a lot of these homes don’t have central air and haven’t been updated over the years so that can leave a large initial investment on top of the purchase price for the buyer. So buying in this neighborhood wasn’t something we thought would happen for many years.
Read MoreEvery homeowner needs a well-stocked toolbox. Whether you live in a modern apartment in downtown Philadelphia, a historic home in Boston, or you’re looking to put your house on the market, you will inevitably need to make home repairs – and you’ll need the tools to do it. It’s also always helpful to have what you need to put furniture together, tighten the wheel of your child’s bike, or spend time on your woodworking hobby. To help you create a functional set of supplies, we’ve put together this list essential tools for DIY home projects and repairs.
Read MoreRentals or flips? People are often very passionate about one over the other. A lot of this may stem from comfort, or just bad luck with a reno or a tenant. There’s always someone that has a horror story. One very bad tenant can make you think twice about the rental industry. Obviously we have dealt exclusively with rentals, but I think there are definitely some pros and cons to each.
Read MoreThis was something we came up with when we collected old milk crates from one of our rental properties. I didn’t want to get rid of them, but I wasn’t really sure what to do with them either. Vince has always wanted to try an upside down tomato garden, and once we realized a terracotta pot would fit perfectly that’s exactly what we did!
Read MoreI remember my first full home renovation quite clearly. I wasn’t really sure what I was doing, but I was doing it- and I kept doing it. To complete an entire home it took us about 8 months. I didn’t think that was too bad for someone who had never painted a wall until this project. We saved a lot of what we could in the property to save money and time.
Read MoreWe frequently get asked how we find tenants, and more importantly how do we find good tenants. We’ve been very fortunate with the bulk of the tenants we have, as they are great people, but it doesn’t mean that you can’t get a bad egg from time to time. Sometimes regardless of the screenings, that one tenant can still slip through. In order to reduce that risk, this is the process we follow each time we are looking for tenants.
Read MoreWe encountered mold for the first time in a bathroom we were renovating. Once you have it you want to get rid of it, quickly. It can create a health issue, not to mention its ugly in any room! Mold likes wet, warm places to grow, which is what makes a bathroom the perfect spot. So how do you get rid of it once it’s there?
Read MoreAccording to the Real Wealth Network, the definition of a pro forma is a method of calculating financial results in order to emphasize either current or projected figures. A property's pro forma in real estate are its cash flow projections. So to make things simple, when you are looking to invest in real estate, a pro forma is essentially an income and expense sheet.
Read MoreSo for starters, the BRRR strategy stands for BUY, REHAB, RENT, and REFINANCE. I have also seen where some add another R to the end (BRRRR) which means REPEAT. It’s a pretty straight forward concept, but we personally had some variations with the refinance aspect of it. Want to know how it works? Read more here.
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