Chasing Foreclosures! The Kitty Cat Condo! how to invest in real estate investing foreclosure foreclosures beginner real estate investor

Chasing #Foreclosures! The Kitty Kat Condo! #foreclosure #realestatetips

It’s Foreclosure Saturday! We have a standing appointment every Saturday to meet with our Real Estate Broker and look at foreclosures. We believe the real estate market is poised to take off and we want to be on-board the rocket ship! Therefore, we are always looking. When you think of foreclosures, you probably think of […]

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When You Like #Tenant Who is Behind on Rent! #propertymanagement

We have a one bedroom condominium with a tenant who has been renting from us for 8 years. She is a 33 year old single professional who has paid her rent on time. She rarely calls or complains, so we don’t increase her rent at the rate in inflation. As a result, her rent is […]

Save $1500 on HVAC System! how to invest inn real estate investing beginner real estate investor hvac property management property manager

How to #Save $1,500 on #HVAC! #propertybrothers

A few years ago we purchased a 2 bedroom 1 bath foreclosure condominium in a highrise building built in 1966. The condominium has 3 old HVAC systems that are fan coil units. All 3 appeared to be original equipment so we knew they would need to be replaced them at some point in the near […]

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When Searching for #RentalProperty Inspect #HVAC! #propertybrothers

We meet with our Real Estate Broker on a regular basis to look for good real estate investment properties. As soon as we enter the property, we look for the HVAC system … Why? The heating ventilation and air conditioning (HVAC) system is one of the most expensive items in a home. If the HVAC […]

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Chasing Squirrels in the Attic! #propertymanagement

We have a 4 bedroom 3.5 bath townhome that is currently rented by a family. We received a note from them regarding “scratching” noises in the attic at night. This sounds familiar to a call we received a few years ago from a different tenant. Wierd sounds in the attic or ceiling usually mean squirrels […]

Condominium Complex how to invest in real estate beginner real estate investor

When Prospective #Tenant Wants to Move In Quickly … #tenantscreening

We have a one bedroom condominium for rent. The current tenant gave notice about 3 weeks ago. We always require 60 days notice so that we can minimize loss of rent when we have tenant turnover. We advertise using Zillow and Craigslist. It is extremely important to thoroughly screen prospective tenants! Your tenant evaluation criteria […]

DIY Drywall Repair! handsonrealestateinvesting.com how to invest in real estate investing beginner real estate investor

Ground Floor Condo Plumbing Backup & Leak! #waterdamage #propertybrothers

The disadvantage of owning a ground floor condominium is that “everything flows downhill …” Whenever there is a backup or stoppage, it occurs at the ground level due to gravity. We have owned this particular condo for 27 years, and have never had any major problems with it. Our tenant is perfect because she pays […]

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Replace Wood Retaining Wall with Concrete? #propertymanagement

We have a rental property (townhouse) with a wood retaining wall that keeps soil from sliding downhill from the property next door. The wall is at least 25 years old, and it is now leaning due to very heavy snowfall last winter. A contractor suggested using concrete blocks for the replacement, which would require less […]

Plumbing Leak Damges Ceilng! water damage how to invest in real estate real estate investing beginner real estate investor

#Plumbing #Leak Damages Ceiling & Walls! #propertybrothers

We own a 2 bedroom condominium that we purchased last year. The unit above ours was foreclosed around the same time, and a new owner purchased the above unit about 6 months ago. We were able to take a peak at the above unit while it was vacant and it needed lots of work. A […]

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4 Lessons Learned – #Section8 #TenantScreening

Let me preface this post by saying that we are not casting aspersions on the Section 8 program. We can only speak from our personal experiences. During the past 2 -3 years, when we advertise a property for rent, we get many inquiries from prospective tenants who have “housing vouchers.” The “housing vouchers” go by […]