Techniques For Picture Hanging Without Destroying Walls
My very first tenant, in my very first rental property, taught me valuable lessons about not being nice when it comes to hanging things on the walls. She had this really ugly woven wall hanging that weighed a ton. My husband finally helped her hang it, but we had [...]
Tips That Work to Fill a Rental Vacancy
Or “Cheap Marketing Techniques You May Not Have Thought Of Yet”. One of my major roles in life has always been dreaming up ideas… I am a big picture person. Someone else usually needs to fine tune the details. Don is going “Amen” to that as he proof [...]
Will the Property Cash Flow?
So what does cash flow mean?
a. Mortgage payments minus rents equal cash flow (MP – R = CF).
b. PITI (principle, interest, taxes, insurance) minus rents equal cash flow (PITI – R = CF).
c. PITI minus 25% vacancy allowance minus rents equal cash flow (PITI – V – R = CF).
d. Click [...]
Getting “Green” Can Put Cash in Your Pocket
Energize your remodeling and maintenance budget with funds and rebates from Stimulus Package programs and government funding…there are likely hundreds of these programs cropping up across the country. Xcel Energy (Colorado, Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas) is offering a rebate of up [...]
Water Conservation for Rental Properties….Save $ and Water
Those of us who own duplexes, four-plexes and multi-unit rental properties take a deep breath before opening the water bills.* Of course, a portion of each unit’s rent is budgeted for water, but water bills are still one of our least predictable expenses.
Leaking toilets and old toilets are [...]